Megaspeed International, a cloud computing firm based in Singapore, is under intense scrutiny for allegedly facilitating the transfer of billions of dollars worth of restricted Nvidia chips to China. This controversy is compounded by the alleged involvement of its executive, Alice Huang, in a relationship with Nvidia's CEO, Jensen Huang.
U. S. intelligence has reportedly identified Alice Huang, also known as Huang Le, as being recruited by China's Ministry of State Security to gather information on Jensen Huang. Her connection with the Nvidia CEO is believed to have played a role in facilitating at least $7.5 billion in Nvidia chip shipments to Chinese companies, according to sources cited by The Information. Although Bloomberg reported that Alice Huang has returned to Beijing with the knowledge of Chinese security officials, CNBC has not independently verified these claims.
In response to these allegations, Nvidia's board has launched an investigation to determine whether Jensen Huang was targeted by foreign intelligence. The company maintains that there is no evidence suggesting any breach of U. S. national security or compromise of Nvidia's confidential information.
Founded in 2015 as 7Road International, Megaspeed operates data centers across Southeast Asia, with its main office in Singapore. The company is wholly owned by Swiftdata, a Singapore entity established in October 2023. Megaspeed's assets surged to approximately $3 billion in 2024, a significant increase from $33 million the previous year. Despite this growth, the company reported a $20 million loss in 2024.
Singapore's Ministry of Home Affairs has denied conducting any investigations related to Alice Huang's alleged ties to Chinese intelligence. The Wall Street Journal had reported on such an investigation, but the ministry refuted these claims.
Megaspeed's operations extend beyond Singapore, with subsidiaries and facilities across Southeast Asia. The company lists three data centers in the region, previously identified as being in Malaysia and Indonesia, but now described only as being in "East South Asia." Two Malaysian entities, Speedmatrix and MSFusion, are reportedly linked to Megaspeed. These entities are located in Iskandar Puteri, Johor, and have been involved in significant transactions involving Nvidia chips.
Speedmatrix, a Malaysian subsidiary, purchased at least $4.8 billion worth of advanced AI equipment, including Nvidia systems, between June 2024 and February 2026. Trade records indicate that the company reported a loss of 103.2 million ringgit ($25 million) on revenue of 522.3 million ringgit in 2024. In August 2025, Speedmatrix agreed to purchase a 52.5-acre industrial parcel in Kota Tinggi for 263.2 million ringgit, later settling 225.9 million ringgit in overdue payments in September after receiving a default notice from Crescendo Corp.
During a 2025 visit to a Speedmatrix-operated data center, a U. S. trade official discovered boxes of unopened Nvidia chips, raising suspicions of potential illegal re-export to China. However, officials did not find conclusive evidence of chip diversion at that time. Malaysia's Investment, Trade and Industry Minister, Johari Abdul Ghani, stated that his ministry had not been presented with evidence of any legal violations by Speedmatrix and had not initiated an investigation. He assured that Malaysia would not become a conduit for circumventing export controls.
In Indonesia, Megaspeed's presence is less publicly documented, but the Jakarta-based company is reportedly active in cross-border trade. Indonesian customs data through June 2026 shows 242 transactions involving three suppliers and four buyers, including imports of Nvidia's H100 graphics processing units, which are subject to U. S. export licensing requirements for China since August 2022.
Amid these developments, Megaspeed has denied any illegal transfer of chips to China. In a December 2025 statement, the company asserted that it operates within all applicable export control regulations and maintains high standards of legal and ethical conduct. The company also stated that multiple inspections by the U. S. Commerce Department's Bureau of Industry and Security, Malaysia's Ministry of Investment, Trade and Industry, and Nvidia found no evidence of violations.
