Singapore-based cloud computing company Megaspeed International is facing renewed scrutiny over suspicions that it helped move billions of dollars in restricted Nvidia chips to China. Attention has also focused on Alice Huang, described as its de facto leader, and her relationship with Nvidia CEO Jensen Huang. Megaspeed denies illegally transferring chips to China.
The New York Times, citing people briefed on U.S. intelligence, reported that Alice Huang, also known as Huang Le, had been recruited by China’s Ministry of State Security to gather information on Jensen Huang. The Information separately reported that her relationship with him helped facilitate at least $7.5 billion in Nvidia chip shipments to Chinese companies. CNBC said it could not independently verify that report. Bloomberg reported that she had returned to Beijing with Chinese security officials’ knowledge.
The scrutiny comes as Jensen Huang has developed ties with President Donald Trump and pushed for looser chip export restrictions on China. Nvidia’s board has begun investigating whether its CEO was targeted by a foreign intelligence operation. Nvidia says it has no reason to believe U.S. national security or its confidential information was compromised.
Megaspeed was incorporated in 2015 under the name 7Road International and identifies Singapore as its main office location. It is wholly owned by Swiftdata, a Singapore entity incorporated in October 2023. Alice Huang served as managing director for eight months in 2023. Corporate filings show she received one Megaspeed share for 1 Singapore dollar on the day she left that position.
The company describes itself as an Nvidia Cloud Partner in Asia-Pacific. Its assets climbed from $75 in 2022 to $33 million in 2023 and about $3 billion in 2024. Filings show revenue reached $294 million in 2024, compared with none the previous year, while its loss was about $20 million. Singapore police opened an investigation into suspected domestic law breaches in October 2025. Singapore authorities separately denied a Wall Street Journal report that officials had investigated Alice Huang over alleged Chinese intelligence links.
Short seller Culper Research alleged in May that Megaspeed and Malaysian subsidiary Speedmatrix received substantial financing connected to Alibaba through apparent shell companies. In a December 2025 statement, Megaspeed said inspections and reviews by U.S. and Malaysian authorities and Nvidia had found no evidence of violations. It said it complied with applicable export controls.
Megaspeed’s website lists three data centers, formerly identified as being in Malaysia and Indonesia, only as located in “East South Asia.” The Edge Malaysia reported that two Malaysian entities linked to Megaspeed, Speedmatrix and MSFusion, list addresses in the same development in Iskandar Puteri, Johor. Trade records cited by the Times showed Speedmatrix purchased at least $4.8 billion in advanced AI equipment between June 2024 and February 2026.
According to the Times, a U.S. trade official saw boxes of unopened Nvidia chips at a Speedmatrix data center in 2025, raising concerns about possible illegal re-export to China. Officials lacked conclusive evidence of diversion at the time. Malaysian Investment, Trade and Industry Minister Johari Abdul Ghani reportedly said Tuesday that his ministry had received no evidence of Malaysian law violations by Speedmatrix and had opened no investigation.
In Indonesia, KumparanTEKNO reported that a Jakarta-based company linked to Megaspeed conducts cross-border trade. Customs records through June 2026 showed 242 transactions involving three suppliers and four buyers, including an import described as an Nvidia H100 GPU module. U.S. export licensing requirements for China have covered Nvidia’s H100 and A100 chips, and systems containing them, since August 2022.
