US chip inquiry was halted after Nvidia intervention - NYT. $NVDA
- An investigation into Megaspeed, a Singapore company that was buying advanced Nvidia AI chips, was transferred to the Justice Department after a senior Nvidia executive contacted Commerce Department officials.
- Commerce Department investigators were deep into a months-long probe of Megaspeed, which they suspected of smuggling Nvidia AI chips into China, when their work abruptly stopped late last year.
- The investigation focused on the data center company, led by an executive whom US officials now believe to be a Chinese spy and who had a relationship with Nvidia Chief Executive Jensen Huang.