SINGAPORE — An anonymous tip-off about computer servers that might contain Nvidia chips being exported to Malaysia, and possibly to an unknown final destination, sparked off a police investigation.
Alleged fraud involving Nvidia chips: Shanmugam says servers exported to Malaysia might have gone elsewhere
"But we assess that there may have been false representation on the final destination of the servers." The US is looking into the potential circumvention of its export controls for advanced Nvidia chips, after China's artificial intelligence firm DeepSeek launched a free AI tool in January that wiped out around US$1 trillion off the value of US tech stocks.This comes despite the tight restrictions the US had imposed on semiconductor firms in their exports to China.
He said: "We welcome reputable businesses to operate from here, to be part of our business environment, and to contribute to our growth. Business records show Wei is listed as the director of several firms in Singapore, including Achieva Tech Allianz, Altrics Global Services, Aperia Cloud Services and its subsidiaries, A-Speed Infotech, and Aurica.
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