Megaspeed International, which has presented itself as an Nvidia cloud partner, has again come under scrutiny as suspicions grow that restricted Nvidia chips have entered China. CNBC reported on Nov. 12 that Megaspeed is headquartered in Singapore and has operated subsidiaries and data centres across Southeast Asia.

At the centre of the controversy is the relationship between Megaspeed’s former management and Nvidia CEO Jensen Huang (젠슨 황). People connected to U.S. intelligence authorities, cited by the New York Times, identified Alice Huang as a figure recruited by China’s Ministry of State Security to collect information related to Jensen Huang. The Information reported that Alice Huang was involved in helping facilitate shipments of Nvidia chips worth at least $7.5 billion to Chinese companies, based on her ties to Jensen Huang. Nvidia’s board is investigating whether its CEO was targeted by a foreign intelligence agency.

Megaspeed was established as 7Road International in 2015. SwiftData, a Singapore entity set up in October 2023, now owns a 100 percent stake. The registered director is Singapore citizen Tan Yong Phong (탄용퐁). Alice Huang served as an executive director for 8 months in 2023 and received 1 Megaspeed share for 1 Singapore dollar on the day she stepped down.

The company’s scale expanded sharply over a short period. Megaspeed introduced itself as an Nvidia cloud partner in the Asia-Pacific region and said it provides access to GB200 NVL72 and HGX H100 systems. Assets rose from $75 in 2022 to $33 million in 2023 and about $3 billion in 2024. Revenue increased from $0 in 2023 to $294 million in 2024, but it posted a net loss of about $20 million.

Singapore police opened an investigation in October 2025 into the possibility that Megaspeed violated domestic laws. Singapore’s Ministry of Home Affairs, however, denied a Wall Street Journal report that authorities had investigated suspicions of Alice Huang’s links to Chinese intelligence agencies.

In Malaysia, Speedmatrix and MS Fusion, which are known to be linked to Megaspeed, use addresses within the same development site. Speedmatrix is known to have purchased advanced AI equipment worth at least $4.8 billion, including systems containing Nvidia chips, from June 2024 to February 2026. A U.S. trade official in 2025 confirmed boxes of unopened Nvidia chips at a Speedmatrix data centre, raising suspicions that the equipment may have been illegally re-exported to China. No conclusive evidence proving illegal diversion was confirmed at the time.

MS Fusion, despite having no revenue, agreed in August 2025 to buy a 52.5-acre industrial site in Kota Tinggi for 263.2 million ringgit. It later paid 225.9 million ringgit in overdue charges in September after receiving a default notice from the seller, Crescendo Corp. Malaysian Investment, Trade and Industry Minister Johari Abdul Ghani (조하리 압둘 가니) said the country will ensure it does not become a route to bypass export controls.

There is little public information on the Indonesia base. A Jakarta-based entity recorded 242 transactions in customs data through June 2026 involving 3 suppliers and 4 buyers. The transactions included imports of single Nvidia GPU H100 modules. H100 chips have been subject to U.S. licensing requirements for exports to China since August 2022.

Megaspeed denies suspicions of illegal transfers of chips to China. The company said that 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 in December 2025 found no evidence of violations.