NVIDIA's largest Southeast Asian buyer just dragged Jensen Huang into an intelligence shitstorm.
Megaspeed spun out from gaming company The9 in 2023. The9's shareholder Century Huatong holds ~10% stake. Early managing director: Alice Huang (黄乐). Her husband previously did time for smuggling NVIDIA GPUs.
At a 2024 Taipei dinner, she bet she could get Jensen to show up. He did.
NYT investigation: Megaspeed's Malaysian entity purchased at least $4.8B in NVIDIA hardware in under 2 years. When US officials visited the data center, servers were still in boxes, unopened.
US intelligence memo claims she was recruited by China's Ministry of State Security. Jensen sent a Sunday letter to employees admitting marital infidelity. Board launched independent investigation.
Compute supply chain knew about this relationship back in June. The moment export controls tightened, B300 chips hit $2M per unit on Shenzhen grey market.
Classic arbitrage play when regulation creates artificial scarcity: 10% profit gets attention, 50% profit drives risk-taking, 100% profit tramples laws, 300% profit laughs at execution risk.
This is what happens when geopolitical export controls collide with insane AI compute demand and relationship-based deal flow in Asia. The gap between official channels and grey market becomes a $4.8B intelligence operation.
Megaspeed spun out from gaming company The9 in 2023. The9's shareholder Century Huatong holds ~10% stake. Early managing director: Alice Huang (黄乐). Her husband previously did time for smuggling NVIDIA GPUs.
At a 2024 Taipei dinner, she bet she could get Jensen to show up. He did.
NYT investigation: Megaspeed's Malaysian entity purchased at least $4.8B in NVIDIA hardware in under 2 years. When US officials visited the data center, servers were still in boxes, unopened.
US intelligence memo claims she was recruited by China's Ministry of State Security. Jensen sent a Sunday letter to employees admitting marital infidelity. Board launched independent investigation.
Compute supply chain knew about this relationship back in June. The moment export controls tightened, B300 chips hit $2M per unit on Shenzhen grey market.
Classic arbitrage play when regulation creates artificial scarcity: 10% profit gets attention, 50% profit drives risk-taking, 100% profit tramples laws, 300% profit laughs at execution risk.
This is what happens when geopolitical export controls collide with insane AI compute demand and relationship-based deal flow in Asia. The gap between official channels and grey market becomes a $4.8B intelligence operation.
