Bloomberg: ‘Nvidia Intervened in U.S. Probe of Megaspeed Chip Smuggling’

Mackenzie Hawkins, reporting yesterday for Bloomberg:

Despite that stance, in the months after Teter’s initial call with Kessler, Nvidia gave BIS an incomplete account of its business with Megaspeed. After several visits to Megaspeed’s data centers — 12 facilities owned by eight companies across three countries in Southeast Asia — Nvidia had sent inventory checks to the agency and declared to Bloomberg News in mid-November 2025 that everything was where it should be.

The company also said at the time that it had asked the US government whether it needed to cut off business with Megaspeed, and was told no.

But Nvidia’s tabulations, as relayed to the US government, undercounted the number of chips it had sold to Megaspeed via hardware partners by 50,000 units, according to trade records analyzed by Bloomberg. That’s worth billions of dollars. After being pressed about the gap, Nvidia told Bloomberg in December 2025 that it had checked additional Megaspeed warehouses that contained the missing hardware, while declining to state exactly how many chips it found in those facilities or provide any further details.

★ Tuesday, 10 November 2026