Megaspeed: Gaming company to chips linchpin

At the centre of the scandal surrounding Nvidia, which led to the resignation of founder-CEO Jensen Huang on November 12, is a little-known Singapore-based business founded by Chinese tech executive Alice Huang that came to play a vital role in the global chips trade.

Set up in 2023, with no background in AI or semiconductors, Megaspeed grew within the span of a few months into a linchpin of the semiconductors and data centre business in Asia, connecting Chinese tech companies with valuable Nvidia chips amid tightening U.S. export controls. Over the course of a couple of years, the new company would purchase between $4-5 billion of Nvidia technology according to reports, marking a rapid ascent.