Jensen's (Nvidia) Adventure

The piece argues that Nvidia’s relationship with Singapore-based Megaspeed raises serious questions about whether restricted AI chips were being diverted to China, and whether the company helped obstruct scrutiny. Megaspeed reportedly grew from a mobile-app business into Nvidia’s largest Southeast Asian customer, with a subsidiary, SpeedMatrix, buying roughly $4.8 billion in GPUs. Its imports in 2023 were worth more than a thousand times its cash balance, and its Singapore office appeared largely empty. Nvidia said it had checked warehouses and found chips had not been diverted, but did not disclose how many components it located or when they would be deployed.

The central evidence is a close resemblance between Megaspeed’s materials and those of Shanghai Shuoyao, a Chinese company whose website described data-center clusters in Beijing, Shanghai, Shenzhen, and Wuhu. Some facilities appear linked to Chinese data-center projects, including one with Tencent as a tenant. The piece connects these concerns to Megaspeed chief Alice Huang, also known as Huang Le, who was questioned by Singapore police, and to Jensen Huang’s admitted affair with her. It suggests she may have used her access to influence Nvidia’s chief and potentially facilitate chip transfers, while Nvidia and US officials failed to pursue the matter effectively. The author treats Nvidia’s internal investigation as unconvincing and frames the case as a collision of export controls, corporate self-interest, and political influence.