Malaysia Probes Megaspeed Chip Re-Exports as Singapore Files 41 Charges

What happened

Malaysia's Investment, Trade and Industry Ministry said Speedmatrix imported servers and AI chips as a data-centre tenant, and it is working with customs to determine whether those processors were shipped onward and whether any shipments were legal. Prime Minister Anwar Ibrahim said there was no evidence Megaspeed-related hardware had left Malaysia and promised to cooperate with international investigations; the ministry said it is cooperating with authorities in Singapore and the United States and may tighten controls.

In Singapore, prosecutors have filed 41 criminal charges against Shi Bingzhe, a 34-year-old Chinese citizen. The Straits Times reported Shi served as a director of Superphi and chief operating officer of NJ Global Financial; prosecutors allege the two companies bought 917 servers that may contain Nvidia accelerators from Aperia International in 41 transactions between May 2024 and February 2025. Singaporean authorities have frozen property valued at about S$55 million and seized roughly S$1 million from bank accounts; Shi faces up to 10 years in prison and a fine of S$500,000 per charge, with his next court hearing set for Jan 4, 2027.

Megaspeed said on Nov 12 it had hired a US law firm to conduct a comprehensive inventory of its AI graphics processors and evaluate export-control compliance, without disclosing its total inventory or specific models. The New York Times previously reported Megaspeed bought more than $4.8 billion in Nvidia processors over two years. Reuters noted neither the Malaysian inquiry nor the Singaporean case has found evidence that restricted hardware reached China. In the US, Senator Ron Wyden and Representative Richard Neal wrote to the Commerce Secretary on Nov 14, asking for an investigation into export approvals for Nvidia's H200 chips to China and the preservation of communications with Jensen Huang.

Key facts

1. Probe: Malaysia's trade ministry is investigating whether Speedmatrix re-exported AI processors; since July 2025, re-exporting advanced US AI accelerators requires a trade permit
2. Charges: 41 criminal charges in Singapore against Shi Bingzhe; 917 servers in 41 transactions from May 2024 to February 2025
3. Frozen assets: Property worth about S$55 million frozen and roughly S$1 million seized from bank accounts
4. Audit: Megaspeed hired a US law firm on Nov 12 to inventory its GPUs and assess compliance
5. Background: Jensen Huang resigned as Nvidia CEO on Nov 12; the US Commerce Department has investigated Megaspeed for possible export-control violations since 2024