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The Data Center Empire in Malaysia
Singapore continues to be the second-largest importer of Nvidia GPUs every month since the beginning of 2026. In April alone, Singapore imported over $2B worth of chips.”
Since the beginning of the year, Singapore and Malaysia have imported roughly $13B to $15B worth of Nvidia GPUs (if we try to isolate the noise), equal to up to 20% of Nvidia’s total revenue for the upcoming Q1 2026, based on the $78B guidance.
Most of the chips imported into Singapore continue by land to Johor, one of the fastest-growing, if not the fastest-growing, data center regions in the world right now.
In four months, Singapore and Malaysia imported enough chips to accommodate 0.5GW–0.7GW-powered data centers.
According to Nvidia, almost all sales to Singapore and Malaysia are to “U.S.-headquartered” companies.
As of today, Nvidia continues to aggressively deny any signs of smuggling or misuse of its chips under AI chip export controls.
