A Singapore-based cloud computing company at the center of the controversy that engulfed Nvidia this week has launched an internal investigation, to be carried out by external legal counsel, into allegations that it transferred advanced Nvidia chips to Chinese companies.
Megaspeed confirmed the move in a statement on Sunday, saying: "The company has retained external legal counsel to conduct a thorough internal investigation." The firm told the Associated Press that it operates a "legitimate and lawful business" and that reports concerning its business, supply chain and global operations "are not supported by verifiable evidence."
The scrutiny of Megaspeed is tied to Alice Huang, whose affair with Nvidia chief executive Jensen Huang contributed to his resignation on Thursday. Ms Huang previously served as Megaspeed's chief executive and chairperson and was one of its key controllers. The company said she officially departed in August 2025 and "currently has no role."
A New York Times report published earlier this week claimed that US officials believed Ms Huang was a Chinese spy recruited to influence Nvidia into making its advanced chips more readily available to China. Those claims, together with separate allegations that Mr Huang had a second extramarital affair, preceded his eventual resignation.
US officials have stopped short of endorsing the espionage claim. Attorney General Todd Blanche said on Thursday that the Justice Department had not concluded whether Ms Huang was a Chinese spy. Asked directly whether she was a spy, President Donald Trump replied: "I don't know if that's been determined yet." Beijing has dismissed the allegations as unsubstantiated.
The fallout has also drawn in the US Treasury. Secretary Scott Bessent said Nvidia should "go outside the company" in its search for a new chief executive, and he wants the chipmaker to answer questions within the next 10 days about its culture of compliance and export restrictions.
"This makes me think that as the board conducts a search for a new leader, that they need to go outside the company, that just (with) what was going on inside the company, they need a dramatic shake-up," Mr Bessent told Fox News.
Megaspeed has been under investigation by Singapore's government since February 2025, including over possible "false declarations in relation to the purchase of servers." Responding to a Wall Street Journal inquiry on October 30, the Singapore Police Force said: "Investigations into Megaspeed are ongoing. We are unable to comment further at this juncture."
Singapore authorities questioned Ms Huang last year and withheld her passport, believing she had provided "inaccurate" information to downplay her role at the company. They later concluded there was insufficient evidence that she had committed a crime.
Sky News said it had contacted Nvidia for comment regarding Mr Bessent's remarks.
