Singapore Charges Fifth Suspect With 41 Offenses in Nvidia Chip Fraud Case
Singapore prosecutors on Nov. 13 charged Shi Bingzhe with 41 offenses, making him the fifth person charged in an alleged fraud conspiracy linked to Nvidia chips.
Shi, a Chinese national, was chief operating officer of NJ Global Financial and a director of Superphi at the time of the alleged offenses.
Police say the two companies acquired 917 servers from Aperia International across 41 transactions between May 2024 and February 2025, with Shi's consent.
Charge sheets list units from Dell, Asustek, and Super Micro, worth more than $100M in total.
Prosecutors allege the two firms had reasonable grounds to treat those servers as proceeds of Aperia International's fraud, described in the charges as false representation.
NJ Global faces 35 charges and Superphi six, both under Singapore's money laundering statute. Shi was offered $300K bail and ordered to wear an electronic tag.
His case and the two companies' cases return to court on Jan. 4, 2027.
Five individuals and six companies have now been charged in the case, which began after a US investigation into whether DeepSeek bought restricted Nvidia chips through third parties.
Singapore authorities said on Nov. 12 that they received limited information or assistance from American counterparts in a 2025 probe into several companies, including cloud firm Megaspeed. The Ministry of Home Affairs said it has had similarly limited help on Super Micro despite repeated requests to the Justice Department and the FBI since September 2025.
A former Megaspeed executive is also at the center of the affair that ended with Jensen Huang's resignation as Nvidia's chief executive this week.
Singapore's AI-Server Case Puts Most Charges on One Executive
Charges faced by the three parties charged on Nov 13, 2026
Bar chart. Charges. Shi Bingzhe: Charges 41. NJ Global Financial: Charges 35. Superphi: Charges 6.
Source: Singapore Police Force, Nov 13, 2026
Malaysia's data center boom hits a wall
Malaysia's Investment, Trade and Industry Ministry said on Nov. 13 it is running checks with customs to determine whether chips brought into the country have since been re-exported, and whether that was done lawfully.
The ministry denied clearing Megaspeed or its Johor-based arm Speedmatrix of wrongdoing, saying verification visits were routine monitoring.
Speedmatrix bought an estimated $4.8B of Nvidia hardware between June 2024 and February 2025, according to Malaysian reporting.
Bringing AI chips into Malaysia still needs no permit, though exporting high-performance US AI chips out of the country has required one since July 2025.
Malaysia does not enforce the US export curbs, the ministry said, though companies operating there must weigh them when doing international business.
Banking executives told The Straits Times that about half of all financing deals for upcoming Malaysian data center projects are on hold, with delays expected to run up to six months.
Data center investments reached RM95.8B in the first half of 2026, or 43.9% of total approved investments, against RM1.25B in 2021.
Industry stakeholders estimate about half of Malaysia's 1.4-gigawatt capacity serves Chinese demand for Nvidia chips, while Nvidia caps its cloud partners' Chinese business at 49% of services offered.
