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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 rules.
  • Singapore prosecutors said the fraud case involved servers provided by Singaporean companies and then moved to Malaysia, with transactions totaling about $390 million.
  • 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.
  • China's DeepSeek attracted global attention in the AI industry due to its advanced technology and cost-effective solutions, leading to concerns about how and where it sources chips.

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