PC retweeted
🚨 BOOM: Scott Bessent just said if Nvidia were a bank, REGULATORS WOULD ALREADY BE INSIDE and executives would be gone.
Bessent called Jensen Huang "an incredible innovator," but said that does not excuse Nvidia from its duty to follow the law.
"If this were a bank and they hadn't complied like this, the OCC would be in there right now. And a lot of the executives would be removed."
His real question is whether Nvidia was pushing what he called "SEEMINGLY ILLICIT SALES" to goose its revenue and earnings.
Bessent wants answers from the board and outside counsel IN THE NEXT TEN DAYS.
This isn't about one CEO's bonus. Putting America's most advanced chips in China's hands is a NATIONAL SECURITY THREAT.
PC retweeted
💥 Thanks to Chinese customers, Malaysia could become the second-largest data center hub in the world, after Virginia, packed with top-of-the-line Nvidia chips China’s leading AI companies can use to challenge American dominance.
Jensen Huang built a multibillion-dollar business to feed the ravenous appetite of Chinese customers for American chips, cultivating a network of Asian partners who could serve the Chinese far from Washington. He made a friend of President Trump and lobbied Washington hard to keep the backdoor to China open.
China jumped to take advantage of the avenues Trump didn’t close. Its AI developers exploited the Nvidia chips they desperately needed to catch up with America’s leaders, either using smuggled chips or accessing them remotely in places like Malaysia.
Revelations about Huang’s affair with an executive at one of those Asian partners now threaten to implode the entire lucrative ecosystem he built in Asia to get China the chips it needed.
Nvidia reported $12.4 billion in China revenue in the six months through July 26 of this year, or 7% of its global revenue, and analysts say that countless more billions of dollars ultimately trace back to Chinese customers. It’s been estimated that more than 20% of Nvidia’s revenues last fiscal year were driven by China.
In Southeast Asia, Chinese demand is responsible for the massive scale of data centers.
Megaspeed, Alice Huang’s company, arranged to send nearly $12 billion worth of top-of-the-line Nvidia chips to companies in China between Mar 2024 and June 2025.
Shipment records show orders for several hundred thousand export-controlled chips, though the records don’t show how much of the hardware was actually delivered or where it originated.
Huang was unapologetic in pushing to sell as many chips to Chinese customers as possible even as his American customers were racing to stay ahead of Chinese rivals. The CEO’s effort to persuade Trump to allow direct exports of Nvidia’s high-end chips to China was mostly unsuccessful, despite policy flip-flops and headlines on the subject. But the workarounds, including remote access to overseas data centers, made up much of the gap.
Huang’s logic: Better to keep customers hooked on American tech and keep high-paying jobs at home than give an opening to rival Chinese chip makers such as Huawei.
Chinese companies quickly figured out the best two routes — smuggling and remote access — to sidestep export bans. By physically bringing Nvidia chips into China, Chinese AI developers keep their computing power nearby, making it easier to test, train and fine-tune powerful AI models.
While Megaspeed’s Alice Huang was carrying on an affair with Jensen Huang, her firm sent chips to buyers in China that had years of business ties with local tech companies.
A case in March gives a glimpse of smuggling tactics. A co-founder of Super Micro Computer, a longtime Nvidia partner, and others participated in a conspiracy to ship servers to a Southeast Asian company, then onward to China. When inspectors from Super Micro asked to pay a visit to the Southeast Asian company’s facilities to ensure the servers it ordered were in its possession, the conspirators had a problem: the servers had already been sent to China. To pass their audits, the conspirators arranged to build a Potemkin server warehouse that supposedly contained Nvidia chips. To fool a visiting US government inspector, a hair dryer was used to remove and affix serial number stickers.
Such prosecutions likely touch only a small fraction of smugglers. Still, with the legal risks growing, many Chinese companies are spending billions of dollars on a legal alternative.
Data centers outside China can freely import Nvidia chips and rent the computing power to Chinese customers. In May 2025, the Trump administration opened the floodgates to the tactic by revoking a Biden administration plan to limit how many chips countries in Southeast Asia and
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wsj.com/tech/jensen-huang-ba…
Corporate entities tied to Alice Huang, specifically Century Litong and its Shanghai-listed parent, Jiangsu Lettall Electronics, collectively known as Litong Inc, participated in 🇨🇳 DeepSeek’s $15.8 billion (105.5 billion yuan) funding round that closed in Oct. The investments were reportedly designed to strengthen ties with the prominent AI startup and establish a channel for supplying Nvidia’s advanced Blackwell chips, which are prohibited from sale to China under US export controls.
DeepSeek employees actively advocated for Litong’s inclusion during the heavily oversubscribed financing round, which valued the startup at roughly $92 billion (615.5 billion yuan) and drew backing from major domestic players including Tencent and CATL. DeepSeek staff told prospective backers that Litong was a key supplier of black-market Nvidia hardware and warranted an allocation, despite DeepSeek’s broader efforts to adapt its models to domestic Huawei processors.
To obscure its direct presence on DeepSeek’s shareholder registry, Litong routed its capital through multiple special purpose vehicles established by participating investors. Stock exchange filings and corporate records show that Lettall committed $14 million (95 million yuan) to a vehicle managed by Beijing-based venture firm Monolith Management, DeepSeek’s third-largest investor, though the group’s total financial commitment remains undisclosed.
Century Litong secured preferred cloud partner status with Nvidia just four months after its 2023 founding, a designation that grants priority hardware access for its data center operations. Litong has imported roughly 240,000 Nvidia chips worth at least $7.5 billion into China since 2023, including Blackwell units brought in despite US smuggling crackdowns, a pipeline allegedly facilitated by Alice Huang’s personal relationship with Jensen Huang.
While Alice Huang has never held a formal executive title or direct equity stake at Century Litong or Lettall, corporate filings link her to the firms through historical ownership structures and transactions involving her sister and husband. US intelligence officials reportedly suspect Alice Huang of facilitating the illicit transfer of restricted semiconductors to Chinese entities, raising broader concerns over potential foreign intelligence targeting.
The revelations compound an acute leadership crisis at Nvidia following Jensen Huang’s abrupt departure after 33 years at the helm, which came amid an independent board investigation into his personal conduct and internal policy compliance. With CFO Colette Kress stepping in as interim CEO and board member Harvey C. Jones appointed as Nvidia’s first-ever chairman, investors face heightened uncertainty over potential regulatory fallout and supply-chain oversight at the world’s most valuable chipmaker.
investing.com/news/stock-mar…
paywalled article 👉🏻 theinformation.com/articles/…
PC retweeted
The Absurd Logic of Selling China AI Chips to Keep China Behind
Jensen Huang and his defenders argue that selling China more American AI chips will keep it dependent on Nvidia, slow Huawei’s development, and give Washington leverage over Beijing.
teapawt.org/gavinsbaker/status/212…
All three claims are deeply flawed.
The CCP is determined to replace American technology regardless of export restrictions. Meanwhile, American GPUs are helping China advance its AI capabilities today.
Why should America strengthen its strategic rival today in the hope of keeping it dependent tomorrow?
My latest Substack: The Absurd Logic of Selling China AI Chips to Keep China Behind.
desmondshum.substack.com/p/t…
Both the Biden and Trump administrations allowed the export of less powerful GPUs to China while reserving the most advanced chips for America. This has been a clear national security success.
Per Grok and Claude, the US-to-China AI FLOPs ratio has grown from 2.8x in 2023 to 8.8x in 2026 and is modeled to reach 14.1x in 2027. Our advantage in compute has grown dramatically and American AI labs have stayed well ahead of Chinese labs the entire time.
Chinese labs prefer these less powerful American GPUs to domestic accelerators from Huawei and others. That preference has slowed China’s hardware industry: AI chips improve through intensive use by leading labs, and the ready availability of American alternatives has limited that feedback loop for Chinese AI hardware.
Chinese labs can also access capacity in Southeast Asian clouds run by American hyperscalers. Those zones can be shut off instantly in a conflict, giving the US signficant leverage. This dependence is advantageous in every way.
A complete ban on GPU exports and Southeast Asian cloud access might be deeply damaging to long-term American national security. It would force Chinese labs onto the Huawei AI hardware ecosystem. China is not power-constrained, and Huawei is developing extremely power-hungry, large optical scale-up domains that may approach American state-of-the-art systems through brute force rather than architectural elegance and efficiency. And China has a lot of power.
Having Chinese labs optimize models for this different architecture is risky as nothing prevents China from sharing this hardware and associated models with Russia, North Korea, or Iran. We would lose any ability to cut off their AI in a conflict.
Policies now under discussion in Washington carry serious, uncertain risks. Reasonable minds can disagree, but treating this as a simple black-and-white issue does America a disservice.
If China closes the installed FLOPs gap as its domestic hardware matures rapidly as a result of increased Chinese lab usage after stricter export controls, we will know this new policy was a mistake.
If Russia, Iran, or North Korea later field comparable Chinese AI hardware systems that are used to run AI targeting models against Ukrainian or American troops, we will know stricter controls were a *terrible* mistake.
The current reality is one where China is consistently behind America thanks to the export of less powerful GPUs and we have immense leverage over China in any future conflict. We know that the current policy is working. We have no idea what the consequences of stricter controls might be.
This is why China is currently restricting imports of roughly 600,000 H200s sitting in Hong Kong warehouses. China Hawks should consider why Beijing agrees with them and why China *restricts* the sales American GPUs inside China.
The current policy has worked spectacularly. The alternative is extremely risky with unknown consequences.
PC retweeted
You are an American citizen first, then an Asian American.
I'm Asian, too. I don't think Jensen Huang resigning is racism.
No criminal charges so far. Resigning isn't a punishment. It's what a CEO of a company holding sensitive technology should do when a counterintelligence question hangs over him.
Compare how China treats suspected spies.
A former research institute engineer, identified only as “Liu”, was sentenced to death in a case Beijing announced in March 2025. State media said he copied classified files and sold them to a foreign agency. The court and verdict date were not disclosed.
Yang Hengjun, a Chinese-born Australian writer, was held for years and given a suspended death sentence in 2024. The charges were never made public. He denies spying.
Canadian Michael Spavor got 11 years in 2021. An Astellas executive from Japan was reportedly sentenced to 3.5 years.
The New York Times reported that China killed or jailed 18 to 20 CIA sources around 2010 to 2012, citing anonymous US officials. Beijing never confirmed it.
Here, a CEO gets an investigation, a hearing, and a chance to answer questions. That’s due process, not discrimination.
IF HE WERE WHITE, the same facts would end the same way.
If you only care about national security when it’s convenient, and pull the race card whenever things don’t go your way, then maybe you should reconsider your citizenship.
You live under the same U.S. law as everyone else. There are no special favors for Asians, Black Americans, or Hispanics.
Calling this racism helps nobody. National security affects everyone, whatever their background.
No consequences for bypassing the chip ban means an open invitation to spy. Smuggle the chips, take the data, walk away. Who wouldn’t try?
If bypassing the ban costs nothing, why have a ban at all? Just hand the chips to China and let CCP take over the AI war already.
PC retweeted
🚨 A review has identified more than $3 billion in Chinese computing projects built around Nvidia's restricted processors, even as the American chipmaker has said US export controls have effectively shut it out of the AI data-center market in China.
The examination shows projects stretching from China's wealthy coastal technology hubs to remote western provinces, and underscores how deeply Nvidia's technology remains embedded in China's AI expansion.
A proposed 6.2 billion yuan ($873 million) AI computing center in Xianyou county, Fujian province, seeks commercial partners and specifies Nvidia H100 chips for a facility intended to support large-scale AI development.
In Shaanxi province, state-owned engineering group Sinomach said a subsidiary won a contract as part of a project for a 3 billion yuan computing center specifying Nvidia H100 and H200 processors.
In Jilin province, an April government prospectus describes another 2.26 billion yuan project combining Nvidia H100 processors with Chinese-developed chips. The developer expects bank loans to finance about 80% of the investment.
In Inner Mongolia, a 1.5 billion-yuan development proposes installing 625 Nvidia H200 servers. Chinese industry reporting in June said construction had begun on two buildings in its first phase.
These plans highlight developers' reliance on US processors vulnerable to trade restrictions. Tighter curbs risk construction delays, inflated costs, or forced redesigns around domestic alternatives.
Other projects have advanced further.
In Gansu province, a local company awarded a 1.16 billion yuan construction contract in July for a computing center that plans to install approximately 3,072 Nvidia processors, according to tender documents specifying H100 and H200 hardware.
The contract went to a consortium led by a subsidiary of state-owned Shaanxi Construction Engineering. The documents do not establish whether the processors have been delivered.
Other Chinese facilities are already using restricted Nvidia hardware.
In Jiangsu province, the Wuxi municipal government said in Mar 2025 that a computing cluster using Nvidia H800 processors had entered operation.
In Fujian, Shanghai-listed Damingcheng disclosed in June that a computing venture had built an H800 cluster. It had signed a computing-services agreement originally worth 759 million yuan, although the contract ended early.
Smaller purchases show demand extending to research institutions. Shenzhen University awarded a contract for three H100 processors in Sep, while US-blacklisted Northwestern Polytechnical University bought two H200 chips the following month.
reuters.com/world/china/fact…
🇨🇳 Northwestern Polytechnical University — an institution with deep ties to the PLA — bought two Nvidia H200 chips last month for 874,700 yuan ($123,000), according to an Oct 21 procurement record on its website.
Northwestern is a member of the "Seven Sons of National Defense" group of Chinese universities under US sanctions and with a history of conducting defense-related research for Beijing.
The chips were purchased for its management school from Shaanxi Bosuan Network Technology rather than directly from Nvidia.
Northwestern Polytechnical also bought access this year to H200 chips and other powerful Nvidia AI processors through five contracts for rented computing capacity from Chinese companies, procurement records show.
Northwestern Polytechnical conducts research related to military aircraft, missiles and satellites. The US Commerce Department added the university to the Entity List in 2001 over its alleged involvement in missile-proliferation activities and military research. It tightened the restrictions in 2019, making licences for exports of controlled US technology to the university subject to a policy of denial in most circumstances.
Northwestern Polytechnical's purchases show how Chinese institutions with military ties continue to obtain US AI computing power through domestic suppliers, either by buying chips outright or renting access to servers containing them.
A review of 26 Chinese procurement and corporate records from this year found universities and research institutions buying US-restricted Nvidia chips or renting access to Nvidia-powered computing services that use such chips through domestic suppliers. Several had close links to China's defence industry or military research.
In addition to the management school's outright purchase of the two H200 chips, procurement records show the university's cybersecurity school awarded two seven-month contracts in Jan for access to servers containing eight H200 chips each. The contracts, worth 441,700 yuan and 441,000 yuan, covered fine-tuning AI models and reinforcement-learning training.
It also rented access to servers containing 8 Nvidia A100 chips and 8 A800 chips. The A100 and A800 are banned from export to all Chinese entities, though the H200 is the most advanced of those cited in Northwestern Polytechnical's procurement records.
In April, another university institute bought computing services requiring at least 24 A100 chips in a 375,000 yuan contract for structural and fluid-dynamics simulations.
The awards went to several little-known Chinese technology suppliers. The records offered scant information about where the processors originated or where the rented servers operated.
Under Chinese law, public procurement agencies must verify that suppliers can fulfil orders before announcing winning bidders and signing contracts.
The procurement records show a wider market for restricted Nvidia AI chips and computing services at Chinese universities.
Shenzhen University bought three H100 processors, another high-end Nvidia AI chip banned by the US, for 769,800 yuan in Sep. Wuhan University of Technology bought a server containing an H100 chip for 355,000 yuan in June and four A100 chips in a separate 344,000 yuan purchase.
Beihang University, another of the Seven Sons of National Defense universities, bought four A800 processors for 489,000 yuan in April. Beihang has close ties to China's aerospace and defence industries and conducts research for military aviation and space programmes.
Two government procurement announcements in July and Sep named suppliers selected to provide computing services using Nvidia H800 and A800 chips restricted from export to China to the University of Chinese Academy of Sciences. One listed H800 access at 10 yuan per chip-hour. A separate January procurement award named a supplier of six A100 chips worth 484,800 yuan for a Shenzhen-based public institution.
reuters.com/world/pla-linked…
PC retweeted
Jensen Huang amplified China’s propaganda narratives.
PC retweeted
Trump's DOJ is investigating how Nvidia high end chips sold to China via Singapore based Megaspeed and what is #JensenHuang's role in this. Nobody will be able to stop this train now. In America, we say “let the chips fall where they may.” Stay tuned!
PC retweeted
A Singapore company owned by 🇨🇳 Alibaba had a financial arrangement with the Malaysian subsidiary of Megaspeed International, a major Nvidia chip buyer under scrutiny over the possible diversion of advanced AI chips to China.
Corporate records show that Speedmatrix, Megaspeed’s Malaysian subsidiary, pledged specified IT and network equipment, intellectual property and related rights to Apex Enterprise Solutions (Singapore) under an agreement dated June 18, 2024. The arrangement gave Apex security over the assets should Speedmatrix fail to meet certain contractual obligations.
Malaysian corporate records show that the arrangement remained active as at Nov 11, 2026.
The financial connection was highlighted in a May report by US short-seller Culper Research, which alleged that Alibaba may have channelled billions of dollars through Apex to finance Megaspeed’s purchases of Nvidia chips.
The research firm suggested that Alibaba had provided the funds to Apex, which may have passed a substantial portion to Megaspeed for distribution to its overseas subsidiaries.
Apex was incorporated in Singapore in July 2023 and it is registered at Lazada One on Bras Basah Road, which is leased by Alibaba and its Southeast Asian online shopping unit, Lazada Group.
Accounting and Corporate Regulatory Authority records show that Apex’s immediate holding company is Cloud Intelligence (Cayman) Holding. Its ultimate holding company is Alibaba Group Holding, which is incorporated in the Cayman Islands and has contractual rights to Alibaba China’s profits.
Apex, in its audited financial statement for the financial year ended Mar 31, 2025, described its business activity as “providing procurement activities”.
Its corporate records also showed that Yuan Qian served as a director from Aug 2023 to Aug 2025.
The name matches the Chinese name of Selina Yuan, a former Alibaba executive who has headed Alibaba Cloud’s international business in Singapore, but it’s unclear if she is the director named in Apex’s records.
Apex’s current directors are Gong Zhengyuan, Zhu Bofu and Madelyn Kwang Yeit Lam, a Singaporean who also serves as the company secretary.
Kwang has also been listed as a director and secretary of Alibaba Cloud (Singapore) since 2016.
Apex’s auditor is PwC.
Alibaba was one of Megaspeed’s major customers for its Southeast Asian cloud service operation.
Megaspeed owns seven subsidiaries across five overseas markets, according to its financial statements for 2024, which are its latest publicly available records.
Three are in Malaysia: Speedmatrix, Megaspeed International Sdn Bhd and MSFusion. All three are private limited companies.
Speedmatrix and Megaspeed International Sdn Bhd were described as cloud-hosting service providers. MSFusion was classified as dormant at end-2024, but it entered a RM263.2 million (S$82.8 million) agreement to buy a site in Johor for a proposed data centre, according to the seller’s bourse filing in Aug 2025.
Megaspeed also owned 99.99% of Megaspeed (Thailand) and 99% of PT Megaspeed International Indonesia, both cloud-hosting businesses.
The other two Megaspeed’s wholly owned subsidiaries are in Australia and the US.
Megaspeed’s latest shipment recorded on corporate intelligence platform Sayari was to Speedmatrix — an Nvidia baseboard for high-performance GPUs, which arrived on Nov 18, 2025.
The top receivers of Megaspeed’s shipments were Speedmatrix and PT Megaspeed International Indonesia.
Megaspeed has attracted international attention because of its massive purchases of Nvidia’s advanced AI chips, some of which are subject to US export restrictions intended to limit China’s access to powerful computing technology.
The US authorities began investigating Megaspeed over suspicions that it breached US chip export restrictions in late 2024.
The Singapore police confirmed in Oct 2025 that they were investigating Megaspeed over “suspected breaches of our domestic laws”.
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straitstimes.com/business/al…
Nov 12: Singapore’s government said the US had provided little help in its investigation into Alice Huang, the woman at the center of a spy plot that has led to the investigation of Nvidia’s chief executive, Jensen Huang.
Singaporean authorities held Alice Huang’s passport to prevent her from leaving the country from June 2025 until Feb 2026 over “potential false declarations” in relation to her company, Megaspeed, which is based in the country. She was ultimately released with a “stern warning” and barred from re-entering Singapore.
The statement raises new questions about the response of the Trump administration to the case and why the US government did not more forcefully intervene. According to the timeline in the statement, Singaporean authorities had been holding Alice Huang’s passport well after President Trump was briefed last fall about her relationship with Nvidia’s chief executive and the belief that she was a Chinese intelligence asset.
Taiwan began monitoring Alice Huang in 2024 at the guidance of the US government.
Singapore said that it had sought information from an American server maker and close Nvidia business partner, Supermicro, but that the company had been uncooperative. Supermicro, a firm that packages Nvidia’s AI chips onto servers that can be used in data centers, has been at the center of a number of chip smuggling investigations across the globe.
Supermicro was a supplier to Megaspeed, a company incorporated in Singapore and run by Alice Huang.
Singapore said its authorities raised Supermicro’s “limited cooperation” with the US Department of Justice and FBI in July 2025 and “requested their assistance in securing the company’s cooperation.”
“Despite these repeated requests, Singapore has to date received limited information or assistance in respect of the company.”
During questioning, Alice Huang sought to downplay her role in Megaspeed. She was ultimately released because of “insufficient evidence relating to the possible inaccurate declarations for which Megaspeed was being investigated.”
She was issued a “stern warning” and barred from re-entering Singapore. The country’s police are continuing to investigate Megaspeed.
nytimes.com/2026/11/12/busin…
PC retweeted
It’s not even two weeks after the election Josh Shapiro already talking about skipping past laws and changing the Constitution to give Democrats the power they want.
His true colors are shining through. Never forget how radical Democrats are.
PC retweeted
China has obtained large quantities of Nvidia’s best chips. This could not have happened without the knowledge and complicity of high-up Nvidia officials. @CPACCFDC
The allegations surrounding Nvidia's chip sales and possible diversion to China raise serious questions about national security, and we need to get to the bottom of this.
CPAC Board Member @GordonGChang
PC retweeted
💥 A fifth person has been hauled to court over the Nvidia chips case in Singapore. 🇨🇳 national Shi Bingzhe was handed 41 charges on Nov 13, all for acquiring the benefits of criminal conduct.
Charge sheets state that Shi, who was the director of Superphi and COO of NJ Global Financial, allowed the companies to acquire 917 servers from Aperia International across 41 transactions between May 2024 and Feb 2025.
Shi and the companies had reasonable grounds to believe that those servers represented benefits from Aperia International’s criminal conduct.
Aperia International was among four companies charged in July with false representation in the same case.
Superphi faces six charges, while NJ Global Financial faces 35 charges for acquiring another person’s benefits from criminal conduct.
Both companies were charged alongside Shi. Lawyers for the 34-year-old and the two companies sought an adjournment to take further instructions.
The prosecutor offered Shi bail of S$300,000 and called for him to be electronically tagged, citing the seriousness of his offences.
The judge granted the prosecution’s request for Shi to be electronically tagged.
Police said that five individuals and six companies have been charged in this case, which involves fraud by false representation in the purchase of servers.
They said they would not hesitate to take firm action against businesses and individuals who engage in dishonest and criminal practices.
The other individuals charged are Aaron Woon Guo Jie, Alan Wei Zhaolun, 🇨🇳 national Li Ming, and Jenny Lim.
Wei, Lim and Woon were handed charges for fraud and money laundering, while Li was charged with fraud and fraudulent trading.
Four firms allegedly linked to exporting computer servers that might contain Nvidia chips to Malaysia were charged in July with false representation.
The companies are Aperia International, A-Speed Infotech and Aperia Cloud Services (II) —
collectively known as the Aperia Group — and Luxuriate Your Life.
Wei was Aperia Group’s chief executive, Lim was its CFO and Woon was head of sales.
Li worked at Luxuriate Your Life as the company’s controller.
In the wake of the investigation, the police issued a prohibition of disposal order against a good class bungalow valued at about S$55 million in relation to this case. They also seized about S$1 million in funds from bank accounts linked to the probe.
The case came to light after a US investigation into whether 🇨🇳 DeepSeek had circumvented US restrictions on advanced Nvidia chips by buying them from third parties in other countries, including Singapore.
The scrutiny heightened after Nvidia’s latest financial results showed that 22% of its third-quarter billings were to firms in Singapore, making the country the biggest buyer of its chips after the US.
On Feb 18, 2025, then Second Minister for Trade and Industry Tan See Leng told Parliament that products sold by Nvidia to Singapore that were physically delivered here represent less than 1% of the chipmaker’s overall revenue.
Dr Tan also said that the remainder of Nvidia’s revenue billed to business entities in Singapore did not involve physical shipments into the country.
If convicted, Shi could be jailed for up to 10 years, fined up to S$500,000, or both, for each charge.
Superphi and NJ Global Financial face a fine of up to S$1 million or twice the value of the benefits from criminal conduct, whichever is higher, for each charge.
Their cases will be heard again in court on Jan 4, 2027.
straitstimes.com/singapore/c…
Feb 27: Three men — 2 Singaporeans and 1 🇨🇳 national — were charged with fraud linked to the movement of Nvidia chips to 🇨🇳 DeepSeek from Singapore, after authorities raided 22 locations the day before.
The three were among 9 people arrested during raids by the Singapore Police Force and Singapore Customs. Documentary and electronic records were seized.
The two Singaporeans — Aaron Woon Guo Jie and Alan Wei Zhaolun — were charged with criminal conspiracy to commit fraud on a supplier of servers. They allegedly made false representations in 2024 that the items would not be transferred to a person other than the "authorized ultimate consignee of end users".
🇨🇳 national Li Ming was charged with committing fraud by false representation. He allegedly claimed in 2023 that the end user of the items would be a company called Luxuriate Your Life.
channelnewsasia.com/singapor…
PC retweeted
A year ago, we asked Nvidia about a Shanghai data center with links to Alice Huang. They declined to answer our questions and insisted that when it came to Megaspeed, there was nothing to see
We now have filings showing there are indeed banned Nvidia chips at that site
Thread:
PC retweeted
“This is like Germany in 1939. It’s crazy what’s going on….It’s pretty shocking to me. I’m very surprised.” President Trump to me when I asked him about the alarming rise of anti-Semitism in the United States.
PC retweeted
We must ensure our most advanced chip technology doesn’t end up in the hands of adversaries like China.
That means closing loopholes in our export controls and protecting the innovation that underpins our national security.
That’s why I introduced the bipartisan Remote Access Security Act and why I support the Chip Security Act and AI OVERWATCH Act to strengthen our national security and safeguard American technological leadership.
PC retweeted
An internal Microsoft India engineer just leaked why the Microsoft 365 outage is taking too long to fix, and it's every software company in 2026:
Big Tech executives:
1. Lay off the senior engineers who built the core infrastructure
2. Give sub 5% hikes to the ones who stay
3. Refuse to promote anyone doing "boring" reliability work
4. Force everyone to ship half baked AI wrappers instead
What actually happens when production breaks at 3 AM:
PC retweeted
🚨 NOW: Treasury Sec. Scott Bessent just made it clear that Nvidia Board forcing out Jensen Huang does NOT let the rest of the company off the hook ‼️
"We don't know for a fact Jensen Huang knew this."
"The story was on Jensen Huang's personal foibles. The REAL story should be, did Nvidia know their client? Was there a robust effort to make sure there was no leakage? That they were selling to what were obvious pass-through shell companies!"
"It's important ANYONE at the company THERE be held accountable for THAT."
Megaspeed became one of Nvidia's BIGGEST AI chip customers, reportedly spending more than $4 BILLION
There were already questions as to whether they were being routed to China. We can't hand China an inch!
The Board cannot just push out Huang and think it all goes away.
PC retweeted
China isn’t just competing with American manufacturing. It has rigged the game. A new Select Committee bipartisan report examines how the CCP systematically built its manufacturing dominance at America's expense.
Looking at four industries —biomanufacturing, aerospace, semiconductors, and machine tools—the report exposes three key findings.
America must reindustrialize, rebuild its manufacturing capacity, and ensure we never depend on the CCP for the products and technologies critical to our economic and national security.
chinaselectcommittee.house.g…
PC retweeted
🚨 JUST IN: Treasury Sec. Scott Bessent reveals he, Marco Rubio and SecWar Hegseth wanted to put China-linked MEGASPEED on the entity list for MONTHS, but Sec. Howard Lutnick never did it
Megaspeed is the Singapore firm run by Alice Huang, the suspected CHINESE SPY tied to ousted Nvidia CEO Jensen Huang
"You will have to ask [Commerce] about their internal process...I am frustrated when President Trump made it very clear that China should not receive any Nvidia chips above H100s. And so any leakage is very frustrating because it hurts our great companies and the AI race, gives the Chinese an advantage."
It spent more than $4 BILLION on Nvidia AI chips and is suspected of smuggling them into China
