A judge in Singapore was given conditional release of three men suspected of fraudting servers suppliers who may contain Nvidia chips affected by US export rules that prohibit their sale in certain places, such as a way to stop those sold to organizations in China.
The measure comes nearly two weeks after the three men in the city-states were charged with smuggling the Nvidia chips and making fraud against Dell and Super Micro falsely stating where the servers would be placed.
Singapore prosecutors said the fraud issue included servers provided by Singapore companies and then transferred to Malaysia, with transactions reaching about $ 390 million for a Reuters report. It is unclear what would be the final destination for those servers.
The glove for the two men of Singapore was set at $ 800,000 S ($ 600,000) and $ 600,000, while the third man, a Chinese citizen, had a conditional release in $ 1 million S. The other court hearing will be held on May 2.
The prosecution requested an eight-week delay to complete the investigation and requested specific conditions, including the detention of men from airports or border checkpoints and their detention to discuss the issue of bailomberg. The Chinese man is reported to have to wear an electronic monitoring device.
According to the latest Nvidia annual report, Singapore accounted for 18% of the fiscal year’s income that ended on January 28, despite shipments in the country that make up less than 2% of sales.
China’s Deepseek drew global attention in the January industry due to its advanced technology and cost -effective solutions, leading to increased concerns about how and where it springs chips. That of Deepseek has been powered by nvidia chips, despite efforts to limit exports and prevent the use of technology in China.
Malaysia said last week that it would take “necessary action” against Malaysian companies implicated in a fraud case regarding the alleged transfer of Nvidia chips from Singapore to China.
