Alice Huang restructured a Singapore company into Megaspeed, which became an Nvidia cloud partner within four days of the ownership change. Between 2024 and 2026, the company purchased over $4 billion in advanced artificial intelligence chips while servicing major Chinese clients like Alibaba. A late 2024 U.S. Commerce Department inspection later found equipment left in boxes, raising alarms over whether the hardware was diverted. Although direct personal inquiries against Huang ended due to insufficient evidence, Singaporean authorities continue an active investigation into Megaspeed.
Key points
Singaporean authorities maintain an active corporate investigation into Megaspeed despite…: Singaporean authorities maintain an active corporate investigation into Megaspeed despite dropping direct personal inquiries against Alice Huang.
Taiwanese and Singaporean officials subjected Huang to monitoring, questioning, and tempo…: Taiwanese and Singaporean officials subjected Huang to monitoring, questioning, and temporary travel restrictions following requests from the United States.
Scrutiny remains focused on whether Megaspeed's massive chip purchases violated strict ex…: Scrutiny remains focused on whether Megaspeed's massive chip purchases violated strict export restrictions intended to keep advanced technology from China.
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NetThunder chief executive Parker Schmitt, who recounted the incident to The New York Times (NYT), said the encounter showed the kind of access Alice Huang appeared to have to one of the technology industry's most powerful executives.
Jensen Huang arrived with two other Nvidia executives and joined the gathering for a shot of whiskey. However, a person familiar with Nvidia told the NYT that the CEO had already planned to attend the event.
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The encounter has taken on new significance amid revelations about Alice Huang's business dealings, her relationship with the Nvidia chief and allegations that she had been recruited by China's Ministry of State Security to gather intelligence for Beijing.
A November 10 report by the NYT has revealed that the two had been in contact since at least December 2023, when they met with a small group of colleagues at an Italian restaurant in Singapore.
A photograph from the previously unreported meeting, verified by the newspaper, shows Alice Huang…
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