Nvidia Partner Megaspeed’s Asia Footprint: What We Know So Far

Megaspeed International, a Singapore-based cloud computing company with data centers across Southeast Asia, is facing renewed questions over allegations that it helped move billions of dollars’ worth of restricted Nvidia chips to China. Scrutiny has also focused on the close relationship between the company’s de facto leader and Nvidia CEO Jensen Huang.

Alice Huang, whose Chinese name is Huang Le, was identified in U.S. intelligence assessments as having been recruited by China’s Ministry of State Security to collect information on Jensen Huang, according to people briefed on the intelligence who were cited by The New York Times.

The Information reported that her relationship with Jensen Huang helped enable at least $7.5 billion in Nvidia chip shipments to Chinese companies, citing two people familiar with her. CNBC has not independently verified the report.

Bloomberg separately reported that Alice Huang had returned to Beijing with the knowledge of Chinese security officials.

The allegations have attracted attention in Washington as Jensen Huang has built ties with President Donald Trump and urged the administration to ease restrictions on advanced-chip exports to China.

Nvidia’s board has launched an investigation into whether its CEO was targeted in a foreign intelligence operation. The company has said it has no reason to believe that either U.S. national security information or Nvidia confidential data was compromised.

Megaspeed identifies Singapore as its headquarters and maintains subsidiaries across Southeast Asia. Here is what is known about the company’s regional operations.

Megaspeed was established in 2015 under the name 7Road International. The company says it operates in Singapore and Indonesia, although its Collyer Quay office appeared inactive when local media visited in October 2025.

The company is fully owned by Swiftdata, a Singapore-incorporated entity formed in October 2023. Corporate records list Singapore citizen Tan Yong Pong as Megaspeed’s director.

Alice Huang, the Chinese executive reportedly able to leverage her relationship with Nvidia’s CEO to win business, served as Megaspeed’s managing director for eight months in 2023. Filings show that she received one Megaspeed share for 1 Singapore dollar on the day she left the post.

Megaspeed says it is an Nvidia Cloud Partner in the Asia-Pacific region and provides access to Nvidia’s GB200 NVL72 and HGX H100 systems. Its assets climbed to roughly $3 billion in 2024, up from $33 million in 2023 and just $75 in 2022.

Company filings show revenue reaching $294 million in 2024, compared with no revenue in 2023. Megaspeed reported a loss of approximately $20 million.

Singapore police began investigating Megaspeed in October 2025 over suspected violations of local law.

The Wall Street Journal separately reported that Singapore authorities had examined Alice Huang over alleged connections to Chinese intelligence. Singapore’s Ministry of Home Affairs rejected that account.

“There were no such investigations conducted in respect of Alice Huang,” authorities in the city-state said.

Singapore’s Ministry of Foreign Affairs, the Economic Development Board and the Ministry of Home Affairs did not respond to CNBC requests for comment.

Megaspeed has also reportedly been linked to Shanghai Century Litong, a China-based company that received preferred cloud partner status from Nvidia in 2023.

Short seller Culper Research alleged in May that Megaspeed and its Malaysian subsidiary, Speedmatrix, received significant financing tied to Chinese technology giant Alibaba. Culper claimed Megaspeed had been “secretly financed by Alibaba via a series of apparent shell companies,” including what it described as a substantial share of a $4.2 billion tranche issued in March 2025.

Megaspeed has denied illegally sending chips to China. In a December 2025 statement, the company said it had undergone several on-site inspections and reviews by the U.S. Commerce Department’s Bureau of Industry and Security, Malaysia’s Ministry of Investment, Trade and Industry, and Nvidia. It said those examinations uncovered no violations.

“We operate fully within the bounds of all applicable export control regulations and maintain the highest standards of legal and ethical conduct,” Megaspeed said.

Beyond its Singapore corporate structure, Megaspeed is connected to a network of subsidiaries and facilities throughout Southeast Asia. The three data centers listed on its website, previously identified as being in Malaysia and Indonesia, are now described only as located in “East South Asia.”

Two Malaysian companies reportedly associated with Megaspeed, Speedmatrix and MSFusion, list addresses within the same development in Iskandar Puteri, Johor, according to Malaysian business publication The Edge Malaysia.

Trade records cited by The Times indicate that Speedmatrix purchased at least $4.8 billion in advanced artificial intelligence equipment, including systems containing Nvidia chips, between June 2024 and February 2026. The company reported a 103.2 million ringgit ($25 million) loss on revenue of 522.3 million ringgit in 2024, The Edge Malaysia reported.

MSFusion reported no revenue and agreed in August 2025 to purchase a 52.5-acre industrial site in Kota Tinggi for 263.2 million ringgit. After receiving a default notice from seller Crescendo Corp., it paid 225.9 million ringgit in overdue amounts in September.

During a 2025 visit to a Speedmatrix-operated data center, a U.S. trade official reportedly found boxes of unopened Nvidia chips. The discovery fueled concerns that the equipment might be illegally re-exported to China, according to The New York Times. The report said officials had no conclusive proof at the time that the chips were being diverted.

Malaysia’s Investment, Trade and Industry Minister Johari Abdul Ghani reportedly said Tuesday that his ministry had not received evidence that Speedmatrix broke Malaysian law and had not opened an investigation into the company.

He said Malaysia would not become “a channel to circumvent export controls,” adding that authorities would take action if presented with credible evidence or a formal request from a foreign government.

Megaspeed also operates in Indonesia, though public information about its local business remains limited.

Indonesian news outlet KumparanTEKNO reported that the Jakarta-based company is involved in cross-border commerce. Customs data through June 2026 records 242 transactions involving three suppliers and four buyers.

The records include an import listed as “MODULE NVIDIA GPU H100 SINGLE,” a reference to Nvidia’s H100 graphics-processing unit, which is used for AI training and high-performance computing.

Since August 2022, the H100 has been subject to U.S. export licensing requirements for China. That was when Washington introduced new controls covering Nvidia’s A100 and H100 chips, as well as systems containing them.