The US Justice Department is examining Nvidia’s possible role in the Megaspeed chip-export case, Bloomberg’s Mike Shepard reported on Thursday. The continuing federal scrutiny adds to the challenges facing the AI-chip maker following founder Jensen Huang’s resignation as chief executive.
Shepard said inquiries concern whether Nvidia helped Megaspeed or overlooked possible diversion of advanced chips to China. Megaspeed has denied diversion, and the investigation remains unresolved. The report does not establish that authorities launched a new Nvidia case because Huang resigned.
Megaspeed said on November 12 that it had cooperated with Commerce Department inspections and was ready to assist other relevant US authorities. The Singapore-based company also said it had retained a US law firm to conduct a GPU census and independently verify its export-control compliance practices.
Nvidia separately confirmed Huang’s resignation as president, CEO and a director, effective immediately. Colette Kress will serve as interim chief executive while retaining her CFO responsibilities, as detailed in our transition coverage. The board is considering internal and external candidates for a permanent successor.
The federal case is distinct from Nvidia’s own board review, announced November 8. Directors said then they had no reason to believe national security or company secrets had been compromised. Our earlier coverage examined The New York Times’ report that the Megaspeed inquiry had shifted from Commerce to Justice before Huang’s departure.
