Megaspeed has hired a US law firm to review export control compliance, says Singaporean director

Detailed summary

Megaspeed hires a US law firm to review export control compliance amid scrutiny over Nvidia chip purchases. Read more at straitstimes.com.

Megaspeed said the US law firm would conduct a comprehensive inventory of its graphics processing units.

SINGAPORE – Megaspeed International, the Singapore buyer of Nvidia’s advanced artificial intelligence chips that has come under global scrutiny, has engaged a US law firm to review its compliance with American export control laws.

In a Nov 12 statement issued by its Singaporean director Tan Yong Pong, also known as James Tan, the company said the law firm would conduct a comprehensive inventory of its graphics processing units and independently verify its export control compliance practices.

Previous attempts by The Straits Times to contact him were unsuccessful.

Tan said Megaspeed had also cooperated with inspections by the US Department of Commerce’s Bureau of Industry and Security, which oversees American export controls.

The company added that it was prepared to cooperate fully with other relevant US government authorities.

“Megaspeed takes its compliance obligations under US export control laws extremely seriously,” Tan said.

He added that compliance was a fundamental priority for the company, which was committed to working constructively and transparently with the US government.

The statement comes amid scrutiny of Megaspeed’s purchases of advanced Nvidia chips, some of which are subject to US export restrictions aimed at limiting China’s access to cutting-edge computing technology.

Opening of the article, excerpted from The Straits Times Business. To read the rest, open the article on the publisher's site.