Megaspeed issued the latest statement today, and executives confirmed that it has cooperated with the Bureau of Industry and Security of the U.S. Department of Commerce to conduct inspections.
Singapore-based cloud computing company Megaspeed, which was exposed due to the extramarital affair of NVIDIA CEO Jen-Hsun Huang, issued the latest statement today. Senior officials confirmed that it has cooperated with the Bureau of Industry and Security (BIS) of the U.S. Department of Commerce to conduct inspections and conduct a comprehensive inventory of its graphics processors (GPUs). It also independently inspects the company's compliance with U.S. export control regulations. It emphasized that it will continue to cooperate with the U.S. government and use specific actions to prove that operations comply with relevant regulations.
James Tan Yong Pong, chairman and CEO of Megaspeed, pointed out in the statement that the company attaches great importance to its obligation to comply with U.S. export control laws, regards regulatory compliance as a basic priority of operations, and is committed to cooperating with the U.S. government in a constructive and transparent manner. It has currently cooperated with BIS for inspections and is also ready to fully cooperate with the requirements of other relevant U.S. government agencies.
In order to further strengthen the regulatory compliance mechanism, Megaspeed has entrusted a well-known American law firm to lead a comprehensive inventory of the company's GPU equipment and independently review export control compliance measures. However, the statement did not disclose the name of the law firm, the number and model of GPUs, nor did it explain the specific time, scope and results of the U.S. Department of Commerce's inspection.
Megaspeed has recently received attention due to the U.S. investigation into export controls on advanced AI chips. Foreign media reported that the U.S. government suspects that the company may be involved in transferring restricted Huida AI chips to China. The relevant investigation has also triggered discussions within the U.S. government on whether to include Megaspeed on the export control entity list (Entity List). However, the relevant suspicions cannot yet be regarded as confirmed violations.
On the other hand, the relationship between Huang Renxun and Alice Huang, a former senior executive of Megaspeed, also brought the incident to the attention of the U.S. Congress. U.S. media quoted intelligence sources as saying that Huang Le is suspected of being related to Chinese intelligence activities. The relevant charges have not yet been judicially determined, and there is no public evidence to prove that Huang knew or participated in any suspected violations of export controls.
The Republican chairs of the U.S. House Foreign Affairs Committee, the Special Committee on China, and the Intelligence Committee recently jointly requested Huang to attend a closed-door briefing on November 18 to explain how Huida prevents foreign intelligence penetration and the company's sensitive technology and information protection measures, further extending the matter from personal relationships to corporate governance and U.S. national security issues.
In addition, foreign media recently reported that some departments of the U.S. government advocated including Megaspeed on the entity list, but the Ministry of Commerce has not yet taken relevant measures, and there are different opinions within the government on the disposal method. With Megaspeed publicly confirming that it has been inspected by BIS, whether the US government will take further export control measures has become the focus of the market.
Megaspeed finally emphasized that it welcomes appropriate supervision by the U.S. government and is committed to demonstrating through concrete actions that the company operates in a responsible and transparent manner and complies with applicable U.S. laws. As for whether the relevant inspections involve identification of violations and the results of a comprehensive GPU inspection, the company has not yet announced it.
