Megaspeed, the Singapore-based firm at the heart of the Nvidia 'spying’ row
Megaspeed is a cloud-computing based out of Singapore and became one of Nvidia's “core business partners” in 2023.
Singapore-based cloud computing firm Megaspeed, a core business partner of Nvidia, is embroiled in a dispute involving the US technology giant. This internal conflict ensued after Nvidia's CEO, Jensen Huang, admitted to engaging in an extramarital affair, which was linked to Alice Huang, a Chinese businesswoman and Megaspeed executive.
Huang Le, as she is known locally, is suspected of being a Chinese intelligence asset, prompting the US to initiate a probe into potential national security issues. Despite Jensen Huang's statement to Nvidia employees not specifically naming Huang Le or Megaspeed, the admission has sparked a broader investigation into national security concerns.
Megaspeed, established in 2015 and formerly known as 7Road International, is wholly owned by Singapore's Swiftdata and led by Tan Yong Pong, a Singapore national. Tan was appointed a director of Swiftdata in October 2023 and joined Megaspeed's board shortly thereafter, less than two weeks later. Alice Huang, who reportedly left her position as managing director at Megaspeed in November 2023, is a Chinese national with a diverse professional background that includes work in television, banking, investment management, and finance.
In November 2023, Megaspeed became Nvidia's partner in the Asia-Pacific region, procuring advanced GPUs like Nvidia's GB200 NVL72 and HGX H100 systems, and renting out computing power to clients across Southeast Asia, including Singapore, Indonesia, and Malaysia. The firm's assets grew from $33 million in 2023 to $3 billion in 2024, according to its business filings, while its after-tax loss decreased from $21,283 to $20 million in the same period.
However, revenue surged to $294 million from zero. Cash flow statements revealed $844,555 invested in 2024, after receiving $10 million from financing in the previous year. Despite these financial improvements, Megaspeed has been under scrutiny for alleged involvement as a front to facilitate the transfer of restricted Nvidia AI chips to China, according to US authorities who have been investigating the company since 2024.
Singaporean authorities, including the Home Affairs Ministry, have also launched an investigation, with Megaspeed denying any wrongdoing.
Written by urgent.news from Hindustan Times - World News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
