The scandal has cast a spotlight on Singapore's success as a chip hub - and a location for alleged illicit trade.
US Treasury Secretary Scott Bessent on Friday blamed the Commerce Department for failing to blacklist Megaspeed, the Singapore company at the centre of a scandal that prompted Nvidia chief executive Jensen Huang to resign .
Jensen Huang resigned as chief executive of Nvidia on Thursday, ending his 33-year run at the helm of the AI giant he co-founded after revelations that he had two extramarital affairs, including with a woman accused of spying for China.
Economics editor Published 10 November 2026 Jensen Huang has the air of the late Steve Jobs about him.
The controversy surrounding Nvidia CEO Jensen Huang has expanded beyond reports of an extramarital affair, with new allegations linking his relationship with a Chinese businesswoman to at least $7.5 billion worth of Nvidia chip shipments to China.
