Nvidia’s CEO probe and Singapore ties: Will future chip orders suffer?

Nvidia, a leading player in the artificial intelligence revolution, is currently investigating whether its chief executive officer, Jensen Huang, was the target of foreign spying. This probe stems from media reports from October claiming that Huang had a close relationship with Alice Huang, a Taiwanese-born businesswoman with ties to China.

Alice Huang, formerly an executive at Singapore-based cloud computing firm Megaspeed International, is reportedly under surveillance by U.S. authorities who suspect she may have assisted China in evading export restrictions on advanced AI chips.

Singapore has traditionally been Nvidia's largest market, accounting for 22% of the company's total revenue of nearly US$10.2 billion in the quarter ending July 27, 2025. The financial year that ended in January 2025 saw Singapore rank as the second-largest contributor to Nvidia's revenue, accounting for 18% at nearly US$23.7 billion. The United States, Nvidia's largest market, comprised 47% of total revenue at around US$61.3 billion.

Nvidia has explained that customers often use Singapore as a central location for invoicing while the company's products are typically shipped to other destinations. The company has stated that there is no evidence to suggest that DeepSeek, a Chinese AI firm, obtained Nvidia AI chips through countries like Singapore. Nevertheless, the ongoing investigation into Alice Huang and Megaspeed could potentially impact Nvidia's future chip orders.

Analysts suggest that a prolonged investigation may delay Nvidia's investment decisions or product launches, affecting the broader semiconductor industry.