Megaspeed bills itself as a Singapore-based cloud firm with operations in Singapore and Indonesia, and it previously named data centers in Malaysia and Indonesia before relabeling them simply as "East South Asia." The current scrutiny centers on whether the company facilitated restricted Nvidia hardware into China.
The Information said Alice Huang's relationship with Jensen Huang helped steer at least $7.5 billion in Nvidia shipments to Chinese companies, citing two people who know her; CNBC said it could not independently verify that. Bloomberg reported she had gone back to Beijing with Chinese security authorities aware of it. The New York Times, citing people briefed on U.S. intelligence, reported that Alice Huang, also known as Huang Le, was assessed as recruited by China's Ministry of State Security to obtain information on Jensen Huang.
U.S. officials are paying attention because Jensen Huang has developed ties with President Donald Trump and has advocated loosening chip export rules to China. Nvidia's board opened a probe to assess if the CEO was the target of a foreign intelligence operation. The company said it had no reason to believe any Nvidia confidential information or U.S. national security interests were compromised.
Megaspeed was set up in 2015 under the name 7Road International. It lists Singapore as its main office and its sole owner is Swiftdata, a Singapore firm established in October 2023. Filings name Singapore citizen Tan Yong Pong as a director. Local media who visited Megaspeed's Collyer Quay address in October 2025 reported the site appeared inactive.
Megaspeed describes itself as an Nvidia Cloud Partner in Asia Pacific and markets access to Nvidia's GB200 NVL72 and HGX H100 systems.
The company's balance sheet changed dramatically: assets increased to about $3 billion in 2024, up from $33 million in 2023 and $75 in 2022, while revenue reached $294 million in 2024 after registering zero the prior year. It still posted a loss of around $20 million in 2024. In October 2025, Singapore police began probing Megaspeed over suspected violations of local law.
Separately, The Wall Street Journal said Singapore authorities had investigated Alice Huang for alleged ties to Chinese intelligence. Singapore's Ministry of Home Affairs disputed that, stating, "There were no such investigations conducted in respect of Alice Huang." CNBC's requests for comment went unanswered by the country's Ministry of Foreign Affairs, Economic Development Board, and the Ministry of Home Affairs.
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Megaspeed has been linked to Shanghai Century Litong, a China-based company that became a preferred cloud partner with Nvidia in 2023.
Megaspeed rejects accusations of illegal transfers to China. The company, in a statement issued in December 2025, said it underwent numerous on-site checks and audits conducted by the U.S. Commerce Department's Bureau of Industry and Security, Malaysia's Ministry of Investment, Trade and Industry, and Nvidia, and that these reviews turned up no evidence of breaches. The company stated, "We operate fully within the bounds of all applicable export control regulations and maintain the highest standards of legal and ethical conduct."
According to The Edge Malaysia, two Malaysian entities tied to Megaspeed - Speedmatrix and MSFusion - give addresses within the identical complex in Iskandar Puteri, Johor. Trade records cited by the Times indicate Speedmatrix purchased at least $4.8 billion of advanced AI equipment between June 2024 and February 2026, including systems that contain Nvidia chips. Speedmatrix recorded 2024 revenue of 522.3 million ringgit and a loss of 103.2 million ringgit, The Edge Malaysia reported.
MSFusion reported no revenue.
During a 2025 visit to a Speedmatrix facility, a U.S. trade official observed boxes of unopened Nvidia chips, which raised worries the hardware could be illegally re exported to China, according to the New York Times. According to the report, officials lacked conclusive evidence of diversion at that time. Malaysia's Investment, Trade and Industry Minister Johari Abdul Ghani reportedly said Tuesday that his ministry had not seen evidence of violations by Speedmatrix and had not opened an investigation. He said Malaysia would not be "a channel to circumvent export controls," and that authorities would act if presented with credible evidence or an official request from a foreign authority.
Megaspeed's footprint extends to Indonesia as well, though public details are thin. KumparanTEKNO reported the Jakarta based entity engages in cross border trade. Customs records up to June 2026 indicate 242 transactions spanning three suppliers and four buyers, including an import labeled "MODULE NVIDIA GPU H100 SINGLE," referring to an H100 GPU used in AI training and high performance computing. The H100, and systems that include it, have required U.S. export licenses for China since August 2022, alongside the A100.
This is a live test of export controls bumping into the AI supply chain. You have rapid growth in Megaspeed's 2024 assets and revenue, large purchases recorded by related Malaysian entities, and ongoing probes and denials stacked across multiple jurisdictions. At the same time, Nvidia's board is examining whether its CEO was targeted, and Megaspeed says inspections by U.S., Malaysian and Nvidia teams found no violations.
The bottom line: regulatory risk can reshape where high end GPUs get deployed, who can access them, and at what speed. If your portfolio touches Nvidia, Southeast Asia cloud operators, or suppliers tied to these flows, watch for outcomes from Singapore's investigation, any Malaysian actions, and further reporting on funding and ownership links.
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