Close Menu
World Forbes – Business, Tech, AI & Global Insights
  • Home
  • AI
  • Billionaires
  • Business
  • Cybersecurity
  • Education
    • Innovation
  • Money
  • Small Business
  • Sports
  • Trump
What's Hot

BreachRx Lands $15 Million as Investors Bet on Breach-Workflow Software

May 19, 2025

Measure targeting pro-Palestine NGOs disappears from US tax bill | Politics News

May 19, 2025

Printer Company Procolored Served Infected Software for Months

May 19, 2025
Facebook X (Twitter) Instagram
Trending
  • BreachRx Lands $15 Million as Investors Bet on Breach-Workflow Software
  • Measure targeting pro-Palestine NGOs disappears from US tax bill | Politics News
  • Printer Company Procolored Served Infected Software for Months
  • Trump to sign bill criminalizing revenge porn and explicit deepfakes
  • GitHub, Microsoft embrace Anthropic’s spec for connecting AI models to data sources
  • Devs can now tap Microsoft Edge to power AI web apps
  • NLWeb is Microsoft’s project to bring more chatbots to web pages
  • NLWeb is Microsoft’s project to bring more chatbots to web pages
World Forbes – Business, Tech, AI & Global InsightsWorld Forbes – Business, Tech, AI & Global Insights
Monday, May 19
  • Home
  • AI
  • Billionaires
  • Business
  • Cybersecurity
  • Education
    • Innovation
  • Money
  • Small Business
  • Sports
  • Trump
World Forbes – Business, Tech, AI & Global Insights
Home » Singapore grants bail for Nvidia chip smugglers in alleged $390M fraud
AI

Singapore grants bail for Nvidia chip smugglers in alleged $390M fraud

adminBy adminMarch 13, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Telegram Email
Share
Facebook Twitter LinkedIn Pinterest Email
Post Views: 37


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 rules that bar the sale of them to certain countries, as a route to halting them being sold to organizations in China.

The move comes nearly two weeks after the three men in the city-state were charged with smuggling Nvidia chips and committing fraud against Dell and Super Micro by falsely stating where the servers would be located.  

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. It is unclear what the final destination would be for those servers.

The bail for the two Singaporean men was set at S$800,000 ($600,000) and S$600,000 each, while the third man, a Chinese national, had his bail set at S$1 million. The next court hearing will be held on May 2.

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. The Chinese man reportedly must wear an electronic monitoring device.

According to Nvidia’s latest annual report, Singapore accounted for 18% of revenue in the fiscal year that ended on January 28, despite shipments to the country making up less than 2% of sales.

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. DeepSeek‘s AI is powered by Nvidia’s chips, despite efforts to restrict exports and prevent the technology from being used in China.

Malaysia said last week that it would take “necessary action” against Malaysian companies implicated in a fraud case related to the alleged transfer of Nvidia chips from Singapore to China.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

Trump to sign bill criminalizing revenge porn and explicit deepfakes

May 19, 2025

AI dev tools for Windows get a fresh coat of paint

May 19, 2025

Microsoft wants to tap AI to accelerate scientific discovery

May 19, 2025

NLWeb is Microsoft’s project to bring more chatbots to web pages

May 19, 2025

NLWeb is Microsoft’s project to bring more chatbots to web pages

May 19, 2025

Devs can now tap Microsoft Edge to power AI web apps

May 19, 2025
Add A Comment
Leave A Reply Cancel Reply

Don't Miss
Billionaires

Here’s How Much Selena Gomez-Actress, Singer, Entrepreneur-Is Worth

May 13, 2025

Contrary to reports of her 10-figure status, Forbes estimates the Disney star turned business mogul’s…

Looking Back At Trump’s Years-Long Obsession With Oversized Airplanes

May 13, 2025

Selena Gomez’s Mental Health Startup Wondermind Lays Off Nearly Two-Thirds Of Its Employees

May 13, 2025

Billionaires And CEOs Are Seeking Personal Security At Record Rates

May 9, 2025
Our Picks

BreachRx Lands $15 Million as Investors Bet on Breach-Workflow Software

May 19, 2025

Measure targeting pro-Palestine NGOs disappears from US tax bill | Politics News

May 19, 2025

Printer Company Procolored Served Infected Software for Months

May 19, 2025

Trump to sign bill criminalizing revenge porn and explicit deepfakes

May 19, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to World-Forbes.com
At World-Forbes.com, we bring you the latest insights, trends, and analysis across various industries, empowering our readers with valuable knowledge. Our platform is dedicated to covering a wide range of topics, including sports, small business, business, technology, AI, cybersecurity, and lifestyle.

Our Picks

Trump to sign bill criminalizing revenge porn and explicit deepfakes

May 19, 2025

AI dev tools for Windows get a fresh coat of paint

May 19, 2025

Microsoft wants to tap AI to accelerate scientific discovery

May 19, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA Policy
  • Privacy Policy
  • Terms & Conditions
© 2025 world-forbes. Designed by world-forbes.

Type above and press Enter to search. Press Esc to cancel.