Singapore-based cloud computing company Megaspeed International operates data centers in Southeast Asia and is now under renewed scrutiny for allegedly assisting in the shipment of billions of dollars' worth of restricted NVIDIA chips to China, as well as due to the close relationship between its actual leader and NVIDIA CEO Jensen Huang.

According to The New York Times, which cited informed sources, U.S. intelligence agencies believe that Alice Huang (Chinese name: Huang Le) was recruited by China's National Security Department and is responsible for collecting information about Jensen Huang.

The Information cited two people who knew her as reporting that her relationship with Jensen Huang helped facilitate the shipment of at least $7.5 billion worth of NVIDIA chips to Chinese companies. CNBC is unable to independently verify this report.

Bloomberg also reported that she returned to Beijing with the knowledge of Chinese security officials.

As Jensen Huang established contact with U.S. President Donald Trump and advocated for relaxing chip export controls on China, this case has drawn attention from Washington.

NVIDIA's board of directors has launched an investigation into whether the CEO has become a target of foreign intelligence operations. The company stated that there is no reason to believe that U.S. national security or NVIDIA's confidential information has been compromised.

Megaspeed lists Singapore as its main office location and has several subsidiaries in Southeast Asia. The following is the current known layout of its operations in that region.

Singapore entities

Megaspeed was registered in 2015 under the name of 7Road International, and it indicated that it carried out business in Singapore and Indonesia. When local media visited its office located at Collyer Quay in October 2025, no signs of activity were observed.

The company is wholly owned by Swiftdata, which is a Singaporean entity registered in October 2023. Company documents show that the director of Megaspeed is the Singaporean citizen Tan Yong Pong.

According to company documents, the Chinese executive Alice Huang who reportedly used her relationship with NVIDIA's CEO to secure business deals served as Managing Director for 8 months in 2023. The documents show that on the day she resigned from her position as Managing Director, she received 1 share of Megaspeed in exchange for 1 Singapore dollar.

Megaspeed claims to be a NVIDIA cloud partner in the Asia-Pacific region and provides access to the NVIDIA GB200 NVL72 and HGX H100 systems. The company's assets soared to approximately $3 billion in 2024, compared to just $33 million the previous year, and only $75 million in 2022.

According to the document, the company's revenue in 2024 increased from zero in 2023 to $294 million, but it incurred a loss of approximately $20 million.

In October 2025, the Singaporean police launched an investigation against Megaspeed for alleged violations of domestic laws.

The Wall Street Journal reported separately that Singaporean officials once investigated the alleged connections between Alice Huang and Chinese intelligence agencies, but the Singapore Ministry of Home Affairs disputed this claim.

Authorities stated: "No such investigation has been conducted regarding Alice Huang."

The Singapore Ministry of Foreign Affairs, the Economic Development Board, and the Ministry of Home Affairs did not respond to requests for comments regarding CNBC.

It is reported that Megaspeed is associated with Shanghai Century Litong, a Chinese company that was granted NVIDIA's preferred cloud partner status in 2023.

Short-selling firm Culper Research alleged in May that Megaspeed and its Malaysian subsidiary Speedmatrix received a large amount of funds related to Chinese technology giant Alibaba. Culper claimed that Megaspeed "secretly obtained financing from Alibaba through a series of ostensibly shell companies," which included a significant portion of what it claimed was a $4.2 billion financing in March 2025.

The company denies illegally transferring chips to China. In a statement in December 2025, Megaspeed stated that the company had undergone multiple on-site inspections and reviews by the Bureau of Industry and Security of the US Department of Commerce, Malaysia's Ministry of Investment, Trade and Industry, as well as NVIDIA, and that no evidence of violations was found during these reviews.

Megaspeed indicates: "We operate entirely within the scope of all applicable export control regulations and maintain the highest standards of legal and ethical conduct."

Malaysia

In addition to the Singapore-based corporate entity, Megaspeed is also associated with a series of subsidiaries and facilities in Southeast Asia. The three data centers listed on its website were previously identified as being located in Malaysia and Indonesia; however, they are now merely described as being situated in "eastern Southeast Asia."

According to local business media The Edge Malaysia, two Malaysian entities, Speedmatrix and MSFusion, which are reportedly associated with Megaspeed, have registered addresses in the same development area of Princess City Iskandar in Johor State.

The New York Times, citing trade records, reported that Speedmatrix purchased at least $4.8 billion worth of advanced AI equipment between June 2024 and February 2026, which included systems containing NVIDIA chips. The Edge Malaysia stated that the company's revenue in 2024 was 522.3 million ringgit, with a loss of 103.2 million ringgit (25 million US dollars).

MSFusion did not report any income, but in August 2025, agreed to purchase a 52.5-acre industrial plot in Kota Tinggi for 263.2 million ringgit. Subsequently, after receiving a notice of breach of contract from the seller Crescendo Corp, the company settled the overdue payment of 225.9 million ringgit in September.

According to a report by The New York Times, a U.S. trade official discovered unopened boxes of NVIDIA chips during a visit to a data center operated by Speedmatrix in 2025, which raised suspicions that these hardware components might have been illegally re-exported to China. The report stated that at the time, the official did not have conclusive evidence indicating that the chips were being transferred.

The Minister of Investment, Trade and Industry of Malaysia, Johari Abdul Ghani, reportedly stated on Tuesday that his department has not yet received any evidence that Speedmatrix has violated Malaysian laws, nor has an investigation been launched against the company.

He promised that Malaysia would not become a "channel to circumvent export controls," and added that if credible evidence or a formal request from foreign authorities is received, the relevant departments will take action.

Indonesia

Megaspeed also has operations in Indonesia, but there is very little publicly available information about it.

Indonesian media KumparanTEKNO reported that this company, located in Jakarta, is active in cross-border trade. Customs data as of June 2026 shows a total of 242 transactions involving 3 suppliers and 4 buyers.

These records include an import described as “MODULE NVIDIA GPU H100 SINGLE”, which refers to NVIDIA H100 graphics processors used for artificial intelligence training and high-performance computing.

Since August 2022, H100 has been subject to US export licensing requirements for China. At that time, Washington imposed new regulations on NVIDIA A100 and H100 chips, as well as systems that contain these chips.