Sanctions & Embargoes #smuggling#nvidia
Singapore seizes $42m mansion over Nvidia chip smuggling
Singapore police have seized a luxury home worth 55 million Singapore dollars (£32m; $42.5m) allegedly purchased using proceeds from smuggling Nvidia AI chips subject to US export controls. Four people, including Aperia Group CEO Alan Wei, have been charged since February 2025 in connection with the illegal trade in servers containing advanced Nvidia chips.
Jul 8, 2026 1 source