Nvidia and AI Boom support Malaysia’s NationGate debut in the Southeast Asia 500 with a 720% revenue surge
Southeast Asia 500s The fast-growing company can thank AI Boom for its rapid rise. Generated AI has driven a surge in investment in data centers. This provides the infrastructure to maintain, process and distribute the key to running AI applications.
Malaysia has acquired a significant portion of this investment, attract Billions of transactions from Google, Oracle, Microsoft and others over the past 18 months.
And some of the hype has fueled the fate of some Malaysian companies. NationGateelectronics manufacturing service provider.
The company generated 5.27 billion Malaysian Ringgits ($1.6 billion) last year, reaching high enough to rank 243rd in the Southeast Asian 500.
NationGate also earned $342 million. This is an increase of 163% from the previous year.
The company’s data computing segment has driven much of its revenue, donating 88% this year compared to 17% in 2023.
More than half of NationGate’s revenue comes from Malaysia. Another third comes from Singapore. Both countries are undoubtedly data center hubs in Southeast Asia.
One of the key businesses of Nationgate is the assembly of AI products. And it has important advantages in this area. nvidia’s Only original equipment manufacturing partners in Southeast Asia. This means that we are the only company in the region that assembles Nvidia’s highly sought after graphics processing units (GPUs) into AI servers. Nvidia’s GPUs are most used in high-performance AI applications.
Nationgate sees “immense possibilities” with AI, and believes that entry into AI server manufacturers will help drive “double-digit” growth in data center investments in both Southeast Asia and the world.
However, the AI boom also poses risks.
Both Malaysia and Singapore face scrutiny with allegations that they are controlled US chip channels for both countries to head to China. In particular, US officials are reportedly looking into whether Chinese AI startup Deepseek has circumvented US export control measures with the help of a third party in Singapore.
March, K Shanmugam, Minister of Law and Home in Singapore; I said The servers containing chips controlled under US export control appeared to have been sent to Malaysia. Following the allegations, Malaysian Trade Minister Tengku Zafrul Abdul Aziz said he had investigated and vowed to take necessary actions against local businesses engaged in fraud.
More broadly, Southeast Asian countries have been subject to US regulations that could limit the number of AI chips they can purchase. (The Trump administration abolished the proposal last month.)
Nationgate revealed that it was distanced from subjects and was not involved in the study. But investors are still scared. NationGate shares have fallen by about 40% this year.