Latest news with #AaronWoon
Yahoo
10 hours ago
- Business
- Yahoo
Singapore case against three on AI chip fraud charges adjourned until Aug 22
By Jun Yuan Yong SINGAPORE (Reuters) -Singapore's case against three men linked by local media to the illegal transfer of Nvidia's AI chips from Singapore to Chinese artificial intelligence firm DeepSeek has been adjourned until Aug 22, the court ruled on Friday. At a hearing on Friday, the prosecution said the police would need more time to review new documents and seek responses from overseas parties in the investigations into the three men, Singaporeans Aaron Woon Guo Jie, 41, and Alan Wei Zhaolun, 49, as well as the Chinese national Li Ming, 51. They were earlier charged with committing fraud by making false representations to unnamed server suppliers about the end users of goods purchased in 2023 and 2024. The United States banned the export of high-end chips from Nvidia to China in 2022 amid concerns that they could be used for military purposes. A senior U.S. official said that AI firm DeepSeek is aiding China's military and intelligence operations, Reuters reported on Monday. Singapore Home Affairs Minister K Shanmugam said in March that the authorities had ascertained that servers involved in the fraud case may contain Nvidia chips, and that they had investigated the case independently after an anonymous tip-off. The servers were supplied by Dell Technologies and Super Micro Computer to Singapore-based companies before they were sent on to Malaysia, although it was not clear if Malaysia was the final destination for the servers, he said. The Singapore case is part of a broader police investigation into 22 individuals and companies suspected of false representation, amid concerns that nations like Singapore have been involved in organised AI chip smuggling to China. In 2024, Singapore was Nvidia's second-biggest market after the United States, accounting for 18% of its total revenue in its latest fiscal year, a February filing by the chipmaker shows. Actual shipments to the Asian trading hub, however, contributed less than 2% of total revenue, as customers use it as a centre for invoicing sales to other countries.
Yahoo
11 hours ago
- Business
- Yahoo
Nvidia chip scandal: Singapore court adjourns US$390m fraud case as police examine new leads
SINGAPORE, June 27 — Investigations into three men accused of fraud involving the suspected movement of Nvidia chips are still in the early stages, with Singapore prosecutors requesting more time to build the case. Singaporeans Aaron Woon Guo Jie, 40, and Alan Wei Zhaolun, 49, along with Chinese national Li Ming, 51, were charged four months ago in a case involving an estimated US$390 million (RM1.65 billion), according to a report published in Channel News Asia today. The men did not attend Friday's hearing at the State Courts, where the prosecution sought an eight-week adjournment, citing ongoing investigations by police. Deputy Public Prosecutor Phoebe Tan told the court police had been 'actively pursuing leads' and that the investigation had not progressed enough for a pre-trial conference. While lawyers for Woon and Wei had no objections, Li's lawyer Andrew Chua questioned the need for a further delay and asked for the case to proceed to a pre-trial conference. Tan said police had conducted 10 interviews since the last hearing on May 2, and had contacted both local and foreign agencies for evidence, with some responses still pending. She added that police had examined only 35 of 53 electronic devices and were reviewing new documents that recently emerged. Tan argued that moving to a pre-trial conference now would be premature, as the outstanding evidence could materially affect the charges. Chua eventually withdrew his objection, and the court adjourned the case to August 22 with the possibility of setting pre-trial conferences then. Woon and Wei each face two counts of conspiracy to commit fraud against Dell and Super Micro in 2024, allegedly misrepresenting that server equipment would not be redirected to unauthorised recipients. Li is accused of defrauding Super Micro in 2023 and of unauthorised access to an OCBC corporate account for transactions involving the firm Luxuriate Your Life, which he controlled. The trio were among nine individuals arrested in February after raids linked to suspected efforts to bypass US export controls and ship Nvidia chips from Singapore to China.
Malay Mail
11 hours ago
- Business
- Malay Mail
Nvidia chip scandal: Singapore court adjourns US$390m fraud case as police examine new leads
SINGAPORE, June 27 — Investigations into three men accused of fraud involving the suspected movement of Nvidia chips are still in the early stages, with Singapore prosecutors requesting more time to build the case. Singaporeans Aaron Woon Guo Jie, 40, and Alan Wei Zhaolun, 49, along with Chinese national Li Ming, 51, were charged four months ago in a case involving an estimated US$390 million (RM1.65 billion), according to a report published in Channel News Asia today. The men did not attend Friday's hearing at the State Courts, where the prosecution sought an eight-week adjournment, citing ongoing investigations by police. Deputy Public Prosecutor Phoebe Tan told the court police had been 'actively pursuing leads' and that the investigation had not progressed enough for a pre-trial conference. While lawyers for Woon and Wei had no objections, Li's lawyer Andrew Chua questioned the need for a further delay and asked for the case to proceed to a pre-trial conference. Tan said police had conducted 10 interviews since the last hearing on May 2, and had contacted both local and foreign agencies for evidence, with some responses still pending. She added that police had examined only 35 of 53 electronic devices and were reviewing new documents that recently emerged. Tan argued that moving to a pre-trial conference now would be premature, as the outstanding evidence could materially affect the charges. Chua eventually withdrew his objection, and the court adjourned the case to August 22 with the possibility of setting pre-trial conferences then. Woon and Wei each face two counts of conspiracy to commit fraud against Dell and Super Micro in 2024, allegedly misrepresenting that server equipment would not be redirected to unauthorised recipients. Li is accused of defrauding Super Micro in 2023 and of unauthorised access to an OCBC corporate account for transactions involving the firm Luxuriate Your Life, which he controlled. The trio were among nine individuals arrested in February after raids linked to suspected efforts to bypass US export controls and ship Nvidia chips from Singapore to China.
Reuters
12 hours ago
- Business
- Reuters
Singapore case against three on AI chip fraud charges adjourned until Aug 22
SINGAPORE, June 27 (Reuters) - Singapore's case against three men linked by local media to the illegal transfer of Nvidia's (NVDA.O), opens new tab AI chips from Singapore to Chinese artificial intelligence firm DeepSeek has been adjourned until Aug 22, the court ruled on Friday. At a hearing on Friday, the prosecution said the police would need more time to review new documents and seek responses from overseas parties in the investigations into the three men, Singaporeans Aaron Woon Guo Jie, 41, and Alan Wei Zhaolun, 49, as well as the Chinese national Li Ming, 51. They were earlier charged with committing fraud by making false representations to unnamed server suppliers about the end users of goods purchased in 2023 and 2024. The United States banned the export of high-end chips from Nvidia to China in 2022 amid concerns that they could be used for military purposes. A senior U.S. official said that AI firm DeepSeek is aiding China's military and intelligence operations, Reuters reported on Monday. Singapore Home Affairs Minister K Shanmugam said in March that the authorities had ascertained that servers involved in the fraud case may contain Nvidia chips, and that they had investigated the case independently after an anonymous tip-off. The servers were supplied by Dell Technologies (DELL.N), opens new tab and Super Micro Computer (SMCI.O), opens new tab to Singapore-based companies before they were sent on to Malaysia, although it was not clear if Malaysia was the final destination for the servers, he said. The Singapore case is part of a broader police investigation into 22 individuals and companies suspected of false representation, amid concerns that nations like Singapore have been involved in organised AI chip smuggling to China. In 2024, Singapore was Nvidia's second-biggest market after the United States, accounting for 18% of its total revenue in its latest fiscal year, a February filing by the chipmaker shows. Actual shipments to the Asian trading hub, however, contributed less than 2% of total revenue, as customers use it as a centre for invoicing sales to other countries.
Yahoo
12 hours ago
- Business
- Yahoo
Singapore case against three on AI chip fraud charges adjourned until Aug 22
By Jun Yuan Yong SINGAPORE (Reuters) -Singapore's case against three men linked by local media to the illegal transfer of Nvidia's AI chips from Singapore to Chinese artificial intelligence firm DeepSeek has been adjourned until Aug 22, the court ruled on Friday. At a hearing on Friday, the prosecution said the police would need more time to review new documents and seek responses from overseas parties in the investigations into the three men, Singaporeans Aaron Woon Guo Jie, 41, and Alan Wei Zhaolun, 49, as well as the Chinese national Li Ming, 51. They were earlier charged with committing fraud by making false representations to unnamed server suppliers about the end users of goods purchased in 2023 and 2024. The United States banned the export of high-end chips from Nvidia to China in 2022 amid concerns that they could be used for military purposes. A senior U.S. official said that AI firm DeepSeek is aiding China's military and intelligence operations, Reuters reported on Monday. Singapore Home Affairs Minister K Shanmugam said in March that the authorities had ascertained that servers involved in the fraud case may contain Nvidia chips, and that they had investigated the case independently after an anonymous tip-off. The servers were supplied by Dell Technologies and Super Micro Computer to Singapore-based companies before they were sent on to Malaysia, although it was not clear if Malaysia was the final destination for the servers, he said. The Singapore case is part of a broader police investigation into 22 individuals and companies suspected of false representation, amid concerns that nations like Singapore have been involved in organised AI chip smuggling to China. In 2024, Singapore was Nvidia's second-biggest market after the United States, accounting for 18% of its total revenue in its latest fiscal year, a February filing by the chipmaker shows. Actual shipments to the Asian trading hub, however, contributed less than 2% of total revenue, as customers use it as a centre for invoicing sales to other countries. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
