Megaspeed hires US law firm to inventory its Nvidia GPUs and verify export-control compliance
In a 12 November statement, Singaporean director Tan Yong Pong said the firm would carry out a comprehensive inventory of its graphics processors and independently verify its compliance practices, and that Megaspeed has cooperated with the US Commerce Department's Bureau of Industry and Security.
Why it matters
Megaspeed is the Singapore buyer of advanced Nvidia AI chips at the centre of questions over possible diversion, with investigations under way in Singapore and the United States. The statement is the company's first public response through a named director; The Straits Times said earlier attempts to reach it had failed. It follows a report that Commerce Secretary Howard Lutnick stalled a crackdown on the firm. The same day, Malaysia's trade minister said any action on Megaspeed would depend on whether wrongdoing was established. Watch whether the audit findings are published.
Key facts
- Statement dated 12 Nov 2026
- Signed by director Tan Yong Pong (James Tan) as chairman and CEO
- US law firm to inventory all GPUs
- Firm says it cooperated with US Commerce's BIS
- Investigations ongoing in Singapore and the US