Megaspeed International, a Singapore-based cloud computing firm that operates data centers across Southeast Asia, is facing renewed scrutiny over suspicions that it facilitated billions of dollars of restricted Nvidia chips to China — and its de facto leader's close relationship with the chipmaker's CEO Jensen Huang.
Alice Huang, also known by her Chinese name Huang Le, was identified in U.S. intelligence as having been recruited by China's Ministry of State Security to gather information on Jensen, according to people briefed on the intelligence cited by The New York Times.
The Information reported that her relationship with Jensen helped facilitate at least $7.5 billion in Nvidia chip shipments to Chinese firms, according to two people who know her as cited by the publication. CNBC could not independently verify the report.
Bloomberg also reported that she has returned to Beijing with the knowledge of Chinese security officials.
The case has drawn scrutiny from Washington as Jensen Huang has cultivated ties with President Donald Trump and advocated for relaxed chip export controls to China.
Nvidia's board has opened an investigation into whether the CEO was targeted by a foreign intelligence operation. The company has said it has no reason to believe that U.S. national security or Nvidia confidential information had been compromised.
Megaspeed lists Singapore as its main office location and has subsidiaries across Southeast Asia. Here's what we know about its presence in the region.
Singapore entity
Megaspeed was incorporated in 2015 as 7Road International and says it operates in Singapore and Indonesia. Its office in Collyer Quay showed no signs of activity when visited by local media in October 2025.
The company is wholly owned by Swiftdata, a Singapore entity incorporated in October 2023. Megaspeed's director was Singapore citizen Tan Yong Pong, according to corporate filings.
Alice Huang, the Chinese executive who reportedly used her relationship with Nvidia's CEO to solicit business, served as managing director for eight months in 2023. Corporate filings show that she received one Megaspeed share for 1 Singapore dollar on the day she stepped down as managing director.
Megaspeed, which says it is an Nvidia Cloud Partner in the Asia-Pacific region and offers access to Nvidia's GB200 NVL72 and HGX H100 systems, saw its assets surge to about $3 billion in 2024, from just $33 million a year earlier, and just $75 in 2022.
Revenue rose to $294 million in 2024 from zero in 2023, according to the filings, while the company posted 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 separately reported that Singapore officials had investigated Alice Huang over alleged links to Chinese intelligence, but Singapore's Ministry of Home Affairs disputed that account.
"There were no such investigations conducted in respect of Alice Huang," authorities in the city-state said.
Singapore's Ministry of Foreign Affairs, Economic Development Board and Ministry of Home Affairs did not respond to CNBC's requests for comment.
Megaspeed was reportedly linked to Shanghai Century Litong, a China-based company that secured preferred cloud partner status with Nvidia in 2023.
Short seller Culper Research alleged in May that Megaspeed and its Malaysian subsidiary Speedmatrix had received substantial funding connected to Chinese tech giant Alibaba. Culper said Megaspeed had been "secretly financed by Alibaba via a series of apparent shell companies," including through what it described as a large portion of a $4.2 billion tranche in March 2025.
The company has denied illegally transferring chips to China. In a December 2025 statement, it said it had undergone multiple on-site inspections and reviews by the U.S. Commerce Department's Bureau of Industry and Security, Malaysia's Ministry of Investment, Trade and Industry, and Nvidia, and that those reviews had found no evidence of violations.
"We operate fully within the bounds of all applicable export control regulations and maintain the highest standards of legal and ethical conduct," Megaspeed said.
Malaysia
Aside from its Singapore corporate entity, Megaspeed is linked to a network of subsidiaries and facilities across Southeast Asia. The three data centers listed on its website, previously identified as being in Malaysia and Indonesia, are now described only as being in "East South Asia."
Two Malaysian entities reportedly linked to Megaspeed, Speedmatrix and MSFusion, list addresses in the same development in Iskandar Puteri, Johor, according to local business outlet The Edge Malaysia.
Speedmatrix bought at least $4.8 billion worth of advanced AI equipment, including systems containing Nvidia chips, between June 2024 and February 2026, according to trade records cited by the Times. The company reported a loss of 103.2 million ringgit ($25 million) on revenue of 522.3 million ringgit in 2024, according to The Edge Malaysia.
MSFusion, which reported no revenue, agreed in August 2025 to buy a 52.5-acre industrial parcel in Kota Tinggi for 263.2 million ringgit. It later settled 225.9 million ringgit in overdue payments in September after receiving a default notice from seller Crescendo Corp.
A U.S. trade official found boxes of unopened Nvidia chips during a 2025 visit to a data center operated by Speedmatrix, prompting suspicions that the hardware could be re-exported illegally to China, according to NYT. The report said officials did not have conclusive evidence that the chips were being diverted at the time.
Malaysia's Investment, Trade and Industry Minister Johari Abdul Ghani reportedly said Tuesday his ministry had not been presented with evidence that Speedmatrix had violated Malaysian law and had not opened an investigation into the company.
He pledged that the country wouldn't become "a channel to circumvent export controls," adding that authorities would act if they received credible evidence or a formal request from a foreign authority.
Indonesia
Megaspeed's presence also extends to Indonesia, although little is known publicly about the entity.
Indonesian outlet KumparanTEKNO reported that the Jakarta-based company is active in cross-border trade. Customs data through June 2026 shows 242 transactions involving three suppliers and four buyers.
The records include an import described as "MODULE NVIDIA GPU H100 SINGLE," referring to an Nvidia H100 graphics processing unit used for artificial intelligence training and high-performance computing.
The H100 has been subject to U.S. export licensing requirements for China since August 2022, when Washington imposed new controls covering Nvidia's A100 and H100 chips and systems containing them.
