How the Jensen Huang scandal created a headache for business-friendly Singapore

In a statement released on Thursday, the government said that since February 2025, they had been looking into whether Megaspeed and other firms had made false declarations about data servers which were purchased and exported through Singapore.

The companies stated the equipment would end up in neighbouring Malaysia, but Singapore authorities suspect the equipment's final destinations were elsewhere.

Singapore said it sought assistance from US authorities several times to get more information from one of the investigated companies - Supermicro, a US-based company which the BBC understands was supplying computer servers to Megaspeed.

Singapore authorities said they had also investigated Alice Huang - not for espionage, but for any possible role in Megaspeed's suspected fraud.

In the end, they found "insufficient evidence" of crime and let her leave Singapore in February this year, after holding her passport for several months.

Since launching their probe nearly two years ago, Singapore has yet to bring any charges against Megaspeed or any of the companies and individuals linked to the case.

Singapore and US investigations into Megaspeed are still ongoing.

In 2024, US officials had paid a visit to a Malaysian data centre owned by Megaspeed and saw Nvidia technology still in their boxes, raising concerns that Megaspeed was shipping high-end chips out elsewhere, according to a report by the New York Times.

Megaspeed has maintained it has always acted lawfully and that previous inspections by authorities found no evidence of illegal activity.

On Thursday, the company said it "welcomes appropriate government scrutiny" and that it is "committed to working constructively and transparently with the US government".

China has also long refuted accusations that its companies and institutions are illegally obtaining high-end US chips.