What we know about Megaspeed and its links to Nvidia
SINGAPORE: Singapore-based cloud computing firm Megaspeed faces renewed scrutiny as the United States looks into Nvidia CEO Jensen Huang’s affair with Chinese businesswoman Alice Huang, alleged to be a spy for Beijing.
Singapore-based cloud computing firm Megaspeed is under renewed scrutiny as the United States investigates Nvidia CEO Jensen Huang's alleged affair with Chinese businesswoman Alice Huang, who is believed to be a spy for Beijing. Megaspeed was founded in 2015 as 7Road International, and changed its name to Megaspeed International in March 2023. It is wholly owned by Swiftdata, a Singapore-registered company incorporated in October 2023.
Tan Yong Peng and Ng Wei Shi Khloe are the only listed officers of both Megaspeed and Swiftdata. Tan became a director of Swiftdata in October 2023, and less than two weeks later, he took up a director position at Megaspeed. Huang Le, Alice Huang's Chinese name, was the managing director of Megaspeed until eight months prior to Huang Le's departure.
Megaspeed has been working closely with Nvidia, serving as an Nvidia Cloud Partner in the Asia-Pacific region and providing access to Nvidia's GB200 NVL72 and HGX H100 systems. The company's assets grew to US$3 billion in 2024, up from $33 million in 2023, while its revenue jumped to US$294 million from zero. The company reported an after-tax loss of US$20 million in 2024, down from US$21,283 in the previous year.
In 2024, Singapore's police were investigating Megaspeed over suspected breaches of domestic laws after a US senator requested the Commerce Department to investigate the company's involvement in diverting Nvidia chips. The Ministry of Home Affairs clarified that neither the Singapore Government nor its officials were conducting investigations into Alice Huang's alleged links to Chinese intelligence.
The ministry emphasized that they would take action against any company or individual violating Singapore's laws and engaging in fraudulent and dishonest practices.
Singapore has become a key location for Chinese companies to establish offices due to the increasing risks associated with China-US tension. The city-state maintains that it does not enforce unilateral export controls imposed by other countries but acts firmly against companies and individuals who violate Singapore's laws and engage in fraudulent and dishonest practices. Singapore is currently investigating four other individuals charged with chip fraud in an unrelated case.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
