A MYSTERY CEO AND BILLIONS IN SALES: IS CHINA BUYING BANNED NVIDIA CHIPS?

Summary from the TLDR newsletter

Singaporean firm Megaspeed is being scrutinized by US officials for its ties to China. US officials are investigating whether Megaspeed is helping China sidestep US export restrictions by diverting some of its Nvidia chips to China. Megaspeed has funneled most of its Nvidia chips to data centers in Malaysia and Indonesia to remotely serve customers in China, which is not illegal, but could be found unlawful if it is done on behalf of a Chinese company. Nvidia says there is no evidence that its chips have been smuggled into China and that Megaspeed is a company wholly owned and operated outside of China with no Chinese shareholders.