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Megaspeed faces US probe over Nvidia chip exports to China amid espionage concerns.

Market News
12 Nov 2026, 05:02 WIB
CNBC
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Bearish
Megaspeed faces US probe over Nvidia chip exports to China amid espionage concerns.

Megaspeed International, a Singapore-based cloud computing firm, is under US national security investigation for allegedly facilitating billions of dollars of restricted Nvidia chip exports to China. The probe centers on Alice Huang, Megaspeed's founder, who reportedly used her close relationship with Nvidia CEO Jensen Huang to aid shipments worth at least $7.5 billion. US and Singapore authorities are scrutinizing Megaspeed's operations across Southeast Asia, including subsidiaries in Malaysia and Indonesia, amid suspicions of illegal chip transfers. Megaspeed denies wrongdoing and states it complies with export controls, while Nvidia investigates potential foreign intelligence targeting of its CEO. The case highlights tensions over advanced technology exports and national security concerns between the US and China.

Nvidia shares are trading at USD 161.22 on Pluang as of Nov 12, 2026, 10:21 WIB, down 4.49% in one day. The stock shows a market cap of $4.08 trillion and a dividend yield of 0.59%. Pluang investors currently favor buying Nvidia with 69% of order activity on the platform.

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