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03.03.25 - 18:27
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Singapore Probes Nvidia AI Chip Shipments By Middlemen To Malaysia Amid DeepSeek Scrutiny (ZeroHedge)
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Singapore Probes Nvidia AI Chip Shipments By Middlemen To Malaysia Amid DeepSeek Scrutiny
One month after US officials launched an investigation into whether Chinese AI startup DeepSeek acquired Nvidia AI chips through shell companies in Singapore to bypass US trade restrictions, a new report suggests that Singapore has opened a probe into intermediaries allegedly funneling AI semiconductors into Malaysia.
Bloomberg reports that Singaporean officials are investigating middlemen who shipped Dell and Super Micro servers with AI chips from Singapore to Malaysia and potentially misrepresented the end users of the hardware, raising fresh concerns that these chips may have ultimately reached China.
Law Minister K Shanmugam told reporters earlier that several people have been arrested for procuring and shipping Nvidia chips to Malaysia, violating US chip restrictions.
"The question is whether Malaysia was a final destination or from Malaysia it went to somewhere else, which we do not...
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27.02.25 - 08:27
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BW LPG Limited - Financial Results for Q4 2024 (Business Wire)
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SINGAPORE--(BUSINESS WIRE)--Highlights and Subsequent Events
- TCE income – Shipping Q4 2024 was US$37,900 per available day and US$36,700 per calendar day.
- The Company declared a Q4 2024 cash dividend of US$0.42 per share. This dividend consists of 75% of Shipping NPAT Q4 2024, and dividends from BW Product Services.
- Completion of the acquisition of 12 modern VLGCs from Avance Gas Holdings Ltd. (“Avance Gas”). The deal was partially funded through the issuance of 19.282 million new BW LPG shares. Following the issuance of the new shares, the total number of issued and outstanding shares of BW LPG is 159.282 million and 151.538 million, respectively.
- BW Kizoku was delivered to BW LPG in February 2025, following the declaration of purchase option for a consideration of US$69.8 million.
- Exercised the purchase option for BW Yushi for a consideration of about US$70 million with an estimated delivery in Q2 2025.
- Concluded the sale and delivery of BW Cedar in February 2025, generating about US$6...
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18.02.25 - 07:03
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Avance Gas Holding Ltd: Ex Date today - return of capital and distribution of BW LPG shares (GlobeNewswire EN)
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Hamilton, Bermuda. February 18, 2025.The shares in Avance Gas Holding Ltd (ticker: "AGAS") will be traded ex-distribution consisting of USD 2.0 per share in return of capital and distribution of BW LPG shares as of today relating to the fourth quarter of 2024. The return of capital will be paid on February 27, 2025 and the BW LPG shares will be transferred on February 26, 2025. Shareholders will receive one BW LPG share for every four Avance Gas shares they hold, with any fractions rounded down. As a result, fractional shares will not be settled in the form of BW LPG shares.For further information, please contact:Randi Navdal Bekkelund, CFOEmail: ir@avancegas.comTel: +47 23 11 40 00...
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31.01.25 - 13:42
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Did DeepSeek Use Shell Companies In Singapore To Procure Nvidia Blacklisted Chips? (ZeroHedge)
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Did DeepSeek Use Shell Companies In Singapore To Procure Nvidia Blacklisted Chips?
Chinese startup DeepSeek's latest AI models, V3 and R1, were reportedly trained on just 2,048 Nvidia H800 chips—GPUs that were blacklisted by the US government in 2023 for sale to Chinese firms. Federal investigators are now combing through trade data to determine how DeepSeek acquired the restricted chips.
Bloomberg spoke with sources close to the US probe focusing on "third parties" in Singapore that procured the H800 chips and sold them to DeepSeek—a move we've seen before to circumvent US trade restrictions (read here).
Here are more details about the probe:
Officials in the White House and Federal Bureau of Investigation are also trying to determine whether DeepSeek used intermediaries in the Southeast Asian nation to purchase Nvidia chips that the US has banned from sale to China, said the people, who requested anonymity to relay private conversations.
At a confirmation hearing on W...
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