Megaspeed's Asia Footprint Under Scrutiny Amid Nvidia Chip Probe and Huang Ties

Megaspeed International presents itself as a Singapore cloud computing company, but when local media visited its listed office at Collyer Quay in October 2025, they found no signs of activity. That empty address now sits at the center of a U.S. probe into whether billions of dollars of restricted Nvidia chips were routed to China, and of questions about the close relationship between one of the firm's executives and Nvidia's CEO, Jensen Huang.

The executive is Alice Huang, also known as Huang Le. According to people briefed on U.S. intelligence cited by The New York Times, she was identified as having been recruited by China's Ministry of State Security to gather information on Jensen Huang. The Information reported, citing two people who know her, that the relationship helped facilitate at least $7.5 billion in Nvidia chip shipments to Chinese firms. CNBC could not independently verify that report. Bloomberg reported she has returned to Beijing with the knowledge of Chinese security officials. Nvidia's board has opened an investigation into whether its CEO was targeted by a foreign intelligence operation, though the company says it has no reason to believe U.S. national security or confidential Nvidia information was compromised.

The corporate record in Singapore shows a company that grew fast. Megaspeed was incorporated in 2015 as 7Road International and is wholly owned by Swiftdata, a Singapore entity formed in October 2023. Filings name Singapore citizen Tan Yong Pong as director. Alice Huang served as managing director for eight months in 2023, and on the day she stepped down she received one Megaspeed share for 1 Singapore dollar. The firm describes itself as an Nvidia Cloud Partner in Asia-Pacific offering GB200 NVL72 and HGX H100 systems. Its assets rose to about $3 billion in 2024, from $33 million a year earlier and $75 in 2022. Revenue reached $294 million in 2024 from zero in 2023, with a loss of about $20 million.

Singapore police opened an investigation into Megaspeed in October 2025 over suspected breaches of domestic law. The Wall Street Journal reported that Singapore officials had separately investigated Alice Huang over alleged links to Chinese intelligence, but the Ministry of Home Affairs disputed this, saying no such investigations were conducted in respect of her. Megaspeed has also been tied to Shanghai Century Litong, a China-based company that won preferred cloud partner status with Nvidia in 2023. In May, short seller Culper Research alleged that Megaspeed and its Malaysian subsidiary Speedmatrix were secretly financed by Alibaba through apparent shell companies, including a large portion of a $4.2 billion tranche in March 2025.

Megaspeed denies illegally transferring chips to China. In a December 2025 statement it said it had undergone multiple on-site inspections by the U.S. Commerce Department's Bureau of Industry and Security, Malaysia's trade ministry and Nvidia, and that none found violations. It says it operates fully within export control rules.

In Malaysia, two entities reportedly linked to Megaspeed, Speedmatrix and MSFusion, list addresses in the same development in Iskandar Puteri, Johor, according to The Edge Malaysia. Trade records cited by the Times show Speedmatrix bought at least $4.8 billion of advanced AI equipment, including systems with Nvidia chips, between June 2024 and February 2026. It reported a 2024 loss of 103.2 million ringgit on revenue of 522.3 million ringgit. MSFusion, with no revenue, agreed in August 2025 to buy a 52.5-acre parcel in Kota Tinggi for 263.2 million ringgit, then paid 225.9 million ringgit in overdue amounts in September after a default notice from the seller, Crescendo Corp.

The Times also reported that during a 2025 visit to a Speedmatrix data center, a U.S. trade official found boxes of unopened Nvidia chips, raising suspicion of illegal re-export to China. Officials had no conclusive evidence of diversion at the time. Malaysia's trade minister, Johari Abdul Ghani, reportedly said his ministry had seen no evidence Speedmatrix broke Malaysian law and had opened no investigation, but pledged the country would not become a channel to circumvent export controls and would act on credible evidence or a formal foreign request.

In Indonesia, little is public. KumparanTEKNO reported that the Jakarta-based entity trades across borders, with customs data through June 2026 showing 242 transactions involving three suppliers and four buyers, including an import described as an Nvidia H100 module. The H100 has required U.S. export licenses for China since August 2022. The website's three data centers, once placed in Malaysia and Indonesia, are now listed only in "East South Asia."

Watch for the findings of Singapore's police investigation, any Malaysian action over Speedmatrix's purchases, and the outcome of Nvidia's board inquiry.