Super Micro denies Megaspeed ties as export probes widen

Super Micro says Megaspeed has never been a customer, a categorical denial as Singapore investigates alleged Nvidia-chip smuggling into China. A company spokesperson told Fortune: “Megaspeed is not, and has never been, a Supermicro customer.”

What did Singapore ask Super Micro to disclose?

Singapore’s Ministry of Home Affairs said Thursday that the Singapore Police Force and Customs opened investigations into Megaspeed and Alice Huang, a former senior executive. Some authorities believe Alice acted as a spy for China.

Scrutiny intensified after reports of an affair with Nvidia co-founder and former CEO Jensen Huang. Alice is not related to Jensen, and the reports emerged before his resignation on Wednesday.

The ministry said Singapore sought information from Super Micro but received only “limited cooperation.” It first raised the cooperation issue with U.S. authorities on July 7, 2025, then repeated the matter to the Department of Justice and FBI.

Super Micro says it responded to inquiries and fully cooperated with U.S. and Taiwanese officials. It also says it voluntarily supplied information and engaged with every Singapore request to date.

What links Super Micro and Jensen Huang?

Observers are examining possible links because the business dealings of both companies with Nvidia remain under scrutiny. Charles Liang, one of Super Micro’s three co-founders, is Huang’s longtime friend, and both come from Taiwan.

They appeared together at multiple large Computex technology events in Taiwan, including in 2024, when a photograph showed Jensen drinking with Alice.

Both men co-founded their companies in 1993. Super Micro’s close relationship with Nvidia has helped customers secure early access to new high-performance chips, a boon for a hardware and liquid-cooling technology provider.

What does the $2.5 billion case show?

Super Micro co-founder Yih-Shyan “Wally” Liaw was arrested and charged in March with two others over an alleged $2.5 billion server-smuggling scheme involving Nvidia H200 and B200 GPUs (graphics processing units). The route allegedly ran through a Southeast Asian front company, an intermediary used to conceal the true destination.

Liaw pleaded not guilty, and his trial moved to March 2027. Co-defendant Ting-Wei “Willy” Sun pleaded guilty in October.

Super Micro has called itself a victim of the scheme. Its internal investigation found no evidence that current senior managers knew of the alleged conspiracy, though that finding does not resolve the conduct of former employees or outside intermediaries.

The stock fell nearly 4% this week, while legal exposure remains unresolved.

What happened to the 130 B300 servers?

In August, prosecutors in Keelung, Taiwan, indicted nine people over 130 Super Micro servers carrying Nvidia B300 chips. Prosecutors alleged that forged data-center inspection records had cleared the servers for shipment; 74 reached China, and customs intercepted the remainder.

The defendants include two former Super Micro Taiwan employees and a former Nvidia Taiwan employee. They face breach-of-trust and document-forgery charges because Taiwan does not currently classify unauthorized AI-chip exports to China as a criminal offense.

Neither Nvidia nor Super Micro faced charges in that prosecution. That distinction does not end the separate U.S. and Singapore inquiries.

What remains unresolved?

The U.S. Attorney’s Office in Manhattan is reportedly examining whether entities linked to Alice helped smuggle Super Micro hardware with Nvidia GPUs into China. Multiple probes cover alleged export-control breaches involving Alice, her businesses and Megaspeed.

Jensen, Nvidia and Super Micro have not been charged with wrongdoing in those matters. That legal distinction leaves reputational exposure fully intact.

Super Micro says it maintains a robust compliance program, works with authorities and industry partners to prevent restricted-chip diversion, and seeks to protect American innovation. The company has disclosed a grand-jury subpoena, a formal evidence request in a criminal investigation, plus inquiries from the Securities and Exchange Commission, the Commerce Department’s Bureau of Industry and Security and foreign authorities.

For now, Super Micro offers a categorical commercial denial while Singapore describes its assistance as limited. The evidence has not caught up with either account. That is hardly an enviable gap.