The cloud firm's de facto leader, Alice Huang, allegedly leveraged her relationship with Nvidia CEO Jensen Huang to facilitate at least $7.5 billion in restricted chip transfers. Amid these claims, Megaspeed's assets surged dramatically from $33 million in 2023 to around $3 billion in 2024. In October 2025, Singapore police initiated a formal investigation into the business for suspected domestic law violations, while short seller Culper Research alleged hidden financing from Alibaba. Megaspeed has denied all wrongdoing, noting that past audits by U.S., Malaysian, and Nvidia inspectors found no export control breaches.
Key points
U.S. intelligence reportedly identified Alice Huang as a Chinese intelligence recruit who…: U.S. intelligence reportedly identified Alice Huang as a Chinese intelligence recruit who used executive ties to facilitate billions of dollars in chip shipments.
Megaspeed strongly denies illegally transferring semiconductors and maintains that regula…: Megaspeed strongly denies illegally transferring semiconductors and maintains that regulatory reviews by the U.S. Commerce Department found no violations.
Nvidia's board is actively investigating whether foreign intelligence operatives targeted…: Nvidia's board is actively investigating whether foreign intelligence operatives targeted its chief executive, although the company currently sees no evidence of compromised security.
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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…
Internal pushback arose among policymakers over corporate lobbying efforts directed at the highest levels of the government to loosen technology trade barriers. The unease reflected existing friction surrounding the transfer of advanced semiconductor chips to foreign competitors like the Chinese market. These administration concerns developed before separate personal controversies regarding leadership surfaced publicly.
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