Megaspeed says Alice Huang left company in August 2025

Megaspeed announced on Sunday that Alice Huang, the company's businesswoman from China, had resigned from her position on August 30, 2025, and no longer holds any role at the Singapore-based firm. The corporation declined to comment on Ms. Huang's personal and private affairs. Megaspeed expressed awareness of recent media reports alleging issues with their business, supply chain, and global operations; however, they denied these claims as unsupported by verifiable evidence.

The company stated they had conducted legitimate and lawful business and engaged external legal counsel to perform an exhaustive internal investigation.

On Friday, US Treasury Secretary Scott Bessent disclosed that four agencies, including the Treasury, Pentagon, State Department, and US Trade Representative's Office, favored placing Megaspeed on a trade blacklist due to its connection to the Nvidia scandal. The Commerce Department, responsible for the entity list, had been considering adding Megaspeed for months.

However, Bessent mentioned that the Commerce Department's authority to add entities to the list was ultimately in their hands, and the public should direct inquiries to them regarding their internal processes.

Growing criticism has emerged surrounding Secretary of Commerce Howard Lutnick's involvement in overseeing export controls on US chips to China. Reports have surfaced that Lutnick allegedly delayed President Donald Trump's crackdown on companies suspected of diverting Nvidia's chips to China. Republican Senator John Curtis questioned whether the Commerce Department was acting in the best interests of the American people due to Lutnick's reported stalling on export controls.