Supermicro Denies Megaspeed Link as Singapore Faults Its Cooperation

Super Micro Computer said on Friday, Nov. 13 that Megaspeed, the Singapore trading firm at the center of an Nvidia chip-diversion scandal, "is not, and has never been, a Supermicro customer." The statement to Fortune came one day after Singapore's Home Affairs Ministry said the company had "provided limited cooperation" when police requested records about servers exported through Singapore to Malaysia. Two official accounts now stand in direct conflict.

What did Singapore actually say?

The ministry's Nov. 12 release covered investigations into Megaspeed and its former executive Alice Huang. Police sought records from Supermicro about servers bought by companies under investigation, then shipped through Singapore to Malaysia. The company's response fell short, according to the ministry.

Singapore raised the matter with US authorities at a July 7, 2025 meeting. It followed up repeatedly with the Justice Department and the FBI from September 2025 onward. The result: the ministry "has to date received limited information or assistance in respect of the company." That is a pointed remark from a close American security partner, and it sits uneasily beside Supermicro's claim that it "has been responsive to inquiries and has fully cooperated with U.S. and Taiwanese officials."

Note what the company's statement does not address. It denies a customer relationship with Megaspeed. It does not explain why Singapore judged its cooperation limited. The two statements can both be true, and the gap between them is where this story lives.

Why does Supermicro keep surfacing?

Fortune reported that the US Attorney's Office in Manhattan is examining whether entities linked to Alice Huang helped smuggle Supermicro hardware containing Nvidia GPUs into China. Neither Supermicro, Nvidia, nor Nvidia chief executive Jensen Huang has been charged in the Megaspeed matter, and Fortune reported no confirmed link between Megaspeed and Supermicro servers. Suspicion is not a charge.

The personal history draws attention anyway. Supermicro chief executive Charles Liang is a longtime friend of Jensen Huang; both men are from Taiwan and both founded their companies in 1993. Friendship is not evidence, but it explains the scrutiny. Alice Huang, whom some US officials reportedly suspect of working for Chinese intelligence, has not been charged, and Beijing denies the claims.

What other export cases does the company face?

The Megaspeed matter is not Supermicro's only exposure:

• Co-founder Wally Liaw was arrested in March 2026 with two others on charges of routing about $2.5 billion of servers with Nvidia H200 and B200 chips to China through a Southeast Asian front company.
• Liaw has pleaded not guilty and faces trial in March 2027; co-defendant Ting-Wei Sun pleaded guilty in October.
• Taiwan prosecutors indicted nine people in August, including two former Supermicro Taiwan employees, over 130 servers with Nvidia B300 chips, roughly 74 of which reached China. Neither company was charged.

Supermicro says it was a victim of that scheme, not a participant. The company has also disclosed a grand jury subpoena plus inquiries from the SEC, the Commerce Department's Bureau of Industry and Security, and foreign authorities. Its shares fell nearly 4 percent during the week of the Singapore reports, Fortune said.

Where does this leave the company?

A denial of a customer relationship, however firm, does not answer Singapore's specific complaint about withheld records. With a March 2027 trial pending and multiple authorities still asking questions on three continents, the gap between Supermicro's account and its regulators' accounts will keep the stock under pressure until either the records move or the charges come.