StocksMedium•15 November 2026•
1 min read
Megaspeed Arranged $12B in Nvidia Chip Orders for China, WSJ Reports
Key Facts
1The Wall Street Journal reported Megaspeed arranged nearly $12 billion in high-end Nvidia chip orders for Chinese firms between March 2024 and June 2025.
2Records cover orders for several hundred thousand chips but do not specify actual delivery amounts or hardware origin.
3Megaspeed stated it conducts lawful business and designs its supply chain to comply with U.S. export controls.
The Wall Street Journal reported that Megaspeed arranged nearly $12 billion in high-end Nvidia chip orders for Chinese firms between March 2024 and June 2025. The records cover orders for several hundred thousand chips but do not specify actual delivery amounts or the hardware's origin. Megaspeed stated it conducts lawful business and designs its supply chain to comply with U.S. export controls.
The report follows accusations by Treasury Secretary Scott Bessent that the Commerce Department is failing to block Megaspeed's access to advanced technology. Regarding market performance, NVDA closed at $162.85 on November 13, 2026. During the same session, peer AMD closed at $534.06 and TSM closed at $398.73 on November 13, 2026.