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Singapore grants bail for Nvidia chip smugglers in alleged $390M fraud
A judge in Singapore granted bail to three men suspected of deceiving suppliers of server computers that may contain Nvidia chips affected by U.S. export
Singapore prosecutors said the fraud case involved servers provided by Singaporean companies and then moved to Malaysia, with transactions totaling about $390 million, per a report by Reuters. The prosecution requested an eight-week delay to complete investigations and asked for specific conditions, including barring the men from airports or border checkpoints and prohibiting them from discussing the case if they are released on bail, per Bloomberg. China’s DeepSeek attracted global attention in the AI industry in January due to its advanced technology and cost-effective solutions, leading to heightened concerns around how and where it sources chips.
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