US lawmakers move to tighten chip rules for China in wake of Nvidia spy allegations

Nvidia, a global tech giant with a market value surpassing many nations, is grappling with the alleged romantic involvement of a company executive, Alice H., with its CEO, Jensen Huang. This development has shifted attention to Megaspeed, a smaller firm at the heart of this controversy. As a Singapore-based data center and AI computing company, Megaspeed offers data center access, catering to prominent Chinese tech firms like Alibaba.

The company markets itself as an Nvidia cloud partner, providing computing power products and services for Nvidia's entire GPU line. GPUs, or Graphic Processing Units, are in high demand for AI applications due to their ability to handle complex parallel calculations. Megaspeed claims to provide clients access to Nvidia's advanced GB200 NVL72 computing system.

Despite US export controls preventing high-performance chips from reaching China, Megaspeed has reportedly been accused of breaching these controls by diverting Nvidia chips into the country. In December 2025, Bloomberg reported that Megaspeed was the largest buyer of Nvidia chips in Southeast Asia and that the US government was investigating its ownership structure and possible chip smuggling.

In response, Megaspeed denied any wrongdoing, stating that it complies with all export control regulations and maintains ethical conduct. The US government's investigation began in 2024, with the Commerce Department initially probing Megaspeed, which later transferred to the Justice Department. Alice H., accused of being a Chinese spy, allegedly leveraged her close ties to Nvidia CEO Jensen Huang to pitch AI chip deals to Chinese investors.

Megaspeed was founded in 2015 as 7Road International and changed its name to Megaspeed in March 2023. The company's assets grew from $33 million in 2023 to $3 billion in 2024, with Alice H. serving as managing director for eight months in 2023.