Servers used in a fraud case that Singapore announced last week were supplied by U.S. firms and may have contained Nvidia's advanced chips, a government minister said on Monday.

On Thursday, Singaporean police arrested 3 men for allegedly smuggling Nvidia chips, Channel News Asia reported. The men, two Singaporeans and one Chinese citizen, were charged with fraud over a supply of servers.

Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz made the pledge as he gave updates on investigations into an alleged fraud case involving servers exported from Singapore that may have contained Nvidia chips.

Chip designers Nvidia and Broadcom are running manufacturing tests with Intel , two sources familiar with the matter told Reuters, demonstrating early confidence in the struggling company's advanced production techniques.

Intel is rising on a report that two leading AI names are running manufacturing tests using its chipmaking technology.

Key Takeaways Intel shares were up Monday after a report said Nvidia and Broadcom are running tests of its chip manufacturing process.Successful tests could mean chip manufacturing contracts for Intel worth hundreds of millions,