Nvidia chip smuggling probe

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112026-11Nvidia Accused of Underreporting 50,000 Chips as Smuggling Probe Moves to DOJThe U.S. Commerce Department's investigation into Singapore data center company Megaspeed over suspected smuggling of Nvidia AI chips to China was transferred to the Justice Department after Nvidia's general counsel intervened. A Bloomberg analysis of trade records found that Nvidia underreported roughly 50,000 chips to BIS, worth billions of dollars. The episode has raised concerns about enforcement of chip export controls and the accuracy of corporate disclosures.Daring Fireball