Nvidia Partner Megaspeed's Asia Footprint Draws Scrutiny

Megaspeed International, a Singapore-based cloud computing firm that operates data centers across Southeast Asia, is facing renewed scrutiny over suspicions that it facilitated billions of dollars of restricted Nvidia chips to China, and over its de facto leader's close relationship with Nvidia CEO Jensen Huang.

Alice Huang, also known by her Chinese name Huang Le, was identified in U.S. intelligence as having been recruited by China's Ministry of State Security to gather information on Jensen, according to people briefed on the intelligence cited by The New York Times. The Information reported that her relationship with Jensen helped facilitate at least $7.5 billion in Nvidia chip shipments to Chinese firms, according to two people who know her; CNBC could not independently verify that report. Bloomberg also reported that she has returned to Beijing with the knowledge of Chinese security officials.

Nvidia's board has opened an investigation into whether the CEO was targeted by a foreign intelligence operation. The company has said it has no reason to believe that U.S. national security or Nvidia confidential information had been compromised. The case has drawn scrutiny from Washington as Jensen Huang has cultivated ties with President Donald Trump and advocated for relaxed chip export controls to China.

Singapore entity

Megaspeed was incorporated in 2015 as 7Road International and says it operates in Singapore and Indonesia. Its office in Collyer Quay showed no signs of activity when visited by local media in October 2025. The company is wholly owned by Swiftdata, a Singapore entity incorporated in October 2023, and its director was Singapore citizen Tan Yong Pong, according to corporate filings. Alice Huang served as managing director for eight months in 2023 and received one Megaspeed share for 1 Singapore dollar on the day she stepped down. Megaspeed, which says it is an Nvidia Cloud Partner in the Asia-Pacific region offering access to Nvidia's GB200 NVL72 and HGX H100 systems, saw assets surge to about $3 billion in 2024 from $33 million a year earlier. Revenue rose to $294 million in 2024 from zero in 2023, while the company posted a loss of about $20 million.

Singapore police opened an investigation into Megaspeed in October 2025 over suspected breaches of domestic law. The Wall Street Journal separately reported that Singapore officials investigated Alice Huang over alleged links to Chinese intelligence, but Singapore's Ministry of Home Affairs disputed that account, saying there were no such investigations.

Malaysia and Indonesia

Speedmatrix, a Malaysian entity linked to Megaspeed, bought at least $4.8 billion worth of advanced AI equipment, including systems containing Nvidia chips, between June 2024 and February 2026, according to trade records cited by The New York Times. It reported a loss of 103.2 million ringgit ($25 million) on revenue of 522.3 million ringgit in 2024. A U.S. trade official found boxes of unopened Nvidia chips during a 2025 visit to a Speedmatrix data center, prompting suspicions the hardware could be re-exported illegally to China, though officials did not have conclusive evidence of diversion at the time. Malaysia's Investment, Trade and Industry Minister Johari Abdul Ghani said Tuesday his ministry had not been presented with evidence that Speedmatrix violated Malaysian law and had not opened an investigation, pledging the country would not become a channel to circumvent export controls and would act on credible evidence or a formal request from a foreign authority.

In Indonesia, customs data through June 2026 shows 242 transactions involving three suppliers and four buyers, including an import described as an Nvidia H100 GPU module. The H100 has been subject to U.S. export licensing requirements for China since August 2022. The three data centers listed on Megaspeed's website, previously identified as being in Malaysia and Indonesia, are now described only as being in East South Asia.

Nvidia shares were up 2.9% in delayed trading. The next dated event is unclear: Nvidia's board is still probing whether its CEO was targeted by a foreign intelligence operation, and Singapore police and Malaysian authorities have not concluded their reviews.