Megaspeed International said on Sunday that former executive Alice Huang left the cloud computing company in August 2025 and launched an internal probe into reports concerning its supply chain.
The Singapore-based firm faces intense scrutiny following the resignation of Jensen Huang after he admitted to an extramarital affair. U.S. intelligence officials believe Alice Huang acted as a Chinese intelligence asset, according to The New York Times.
“Ms. Alice Huang officially left Megaspeed effective August 30, 2025 and has no role with the Company,” the firm said in an emailed statement shared with CNBC.
The company said media reports regarding its global operations lack verifiable evidence, prompting the retention of external legal counsel to conduct an internal investigation. Megaspeed said its operations comply with U.S. export control requirements and local laws across every market where it operates.
“suspected breaches of our domestic laws” Singapore police said in October as they confirmed they were investigating Megaspeed. The Ministry of Home Affairs said authorities held Alice Huang’s passport from June 2025 until February over potential false declarations related to the firm before releasing her with a stern warning and barring her from re-entering the city-state.
Corporate records show a financial arrangement between Megaspeed’s Malaysian subsidiary, Speedmatrix, and Apex, a Singapore-based company owned by Alibaba. According to The Straits Times, Speedmatrix pledged assets to Apex.
Megaspeed imported at least $4.6 billion worth of Nvidia technology between 2023 and 2025.
The DOJ is reportedly investigating whether Alice Huang was involved in smuggling $SMCI made servers into China. She’s obviously the same woman U. S. officials suspect of spying on former $NVDA CEO Jensen Huang. pic.twitter.com/k6GsQro108
“Megaspeed designs and maintains its global operational and supply-chain control frameworks to comply with all applicable laws and regulatory regimes, including United States export control requirements and local jurisdiction rules in every market where we operate,” the firm said.
Originally incorporated in 2015 as 7Road International, a Chinese gaming firm with ties to state-backed investors, the company changed its name to Megaspeed in early 2023, the same year that Alice Huang joined the company. Swiftdata, another Singapore-registered business, acquired Megaspeed in November 2023.
Singaporean businessman Tan Yong Pong, who owns Swiftdata, took over as the sole director when Alice Huang stepped down from her position as managing director. Tan subsequently established Speedmatrix in Malaysia during 2024 to function as a regional recipient for Nvidia hardware shipments.
Megaspeed International owns all 10,000 shares of Megaspeed Australia’s stocks, for which it paid $1m. Visits by reporters to local registration addresses revealed a lottery retailer in rural Australia, alongside a dilapidated storefront and a shopping mall location in Kuala Lumpur. In Singapore, an office listed at the Ocean Financial Centre showed no signs of active business operations when visited by reporters.
Chinese authorities rejected the accusations directed at Alice Huang. Foreign Ministry spokesperson Mao Ning dismissed the claims as groundless speculation intended to smear China. Malaysian Prime Minister Anwar Ibrahim said there was no indication that chips linked to the controversy had been illegally re-exported out of Malaysia.
Megaspeed continues to operate as an official Nvidia Cloud Partner, and the firm said its chairman and chief executive, Tan, engaged a U.S. law firm to conduct a comprehensive census of its graphical processing units and verify compliance.
“Foreign Ministry spokesperson Mao Ning dismissed the claims as groundless speculation intended to smear China,” she said.
Earlier coverage: Super Micro, Run by Jensen Huang's Friend, Says Megaspeed Was 'Never' Its Customer