Sources: the US is probing Singapore-based Apex Logistics for its suspected role in smuggling servers with Nvidia AI chips to China; Apex says it is cooperating (Bloomberg)

U.S. authorities are investigating Singapore-based Apex Logistics for allegedly facilitating the shipment of servers containing Nvidia AI chips to China, a move that could breach export controls. Apex Logistics has confirmed it is cooperating with the investigation, while officials assess the scope of the alleged smuggling operation.