Singapore-based cloud computing firm Megaspeed International said Sunday that Chinese businesswoman Alice Huang left the company last year, as questions about her reported relationship with Nvidia CEO Jensen Huang continued to fuel U.S. national security concerns.
Megaspeed, which faces scrutiny over allegations that advanced Nvidia chips were transferred to Chinese companies, also said it had launched an internal investigation overseen by external lawyers.
In a statement to The Associated Press, the company said it operates a “legitimate and lawful business.” Megaspeed said it was aware of media reports making claims about its business, supply chain and international operations “that are not supported by verifiable evidence,” but did not respond to specific allegations.
“The company has retained external legal counsel to conduct a thorough internal investigation,” Megaspeed said in an emailed statement.
Alice Huang “left Megaspeed effective Aug. 30, 2025, and currently has no role with the company,” the statement said. “Megaspeed does not comment on Ms. Huang’s personal and private matters.”
Megaspeed, an Nvidia customer and cloud partner, has come under increasing scrutiny in recent months, including from U.S. officials. The allegations center on claims that the company bypassed U.S. export controls to channel large volumes of advanced chips to Chinese businesses. Megaspeed said in December that there was “no evidence” of illegal chip transfers.
Singapore’s government said Thursday that it began investigating Megaspeed in February 2025, including possible “false declarations in relation to the purchase of servers.”
Authorities also examined Alice Huang, whom the government identified at the time as Megaspeed’s CEO, chairperson and one of the company’s key controllers.
Singaporean authorities questioned Huang and withheld her passport last year. They later said there was insufficient evidence that she had committed a crime, although they suspected she had supplied “inaccurate” information intended to minimize her role at Megaspeed.
A previous report by The New York Times said U.S. officials believed Alice Huang was a Chinese spy recruited in part to influence Nvidia and expand China’s access to the company’s most advanced chips.
As scrutiny mounted and reports about her romantic relationship with Jensen Huang drew wider attention, Nvidia announced Thursday that he would step down as CEO.
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U.S. Attorney General Todd Blanche said Thursday that the Justice Department had not determined whether Alice Huang was a Chinese spy. When asked whether she was a spy, President Donald Trump replied, “I don’t know if that’s been determined yet.”
Beijing dismissed the allegations as unsubstantiated.
The Associated Press has been unable to contact Alice Huang for comment.
Megaspeed began as the international arm of a Chinese video game developer and was incorporated in Singapore in 2015 under the name 7Road International. The company adopted its current name in March 2023, when all of its shares were transferred to Huang Le Limited, a British Virgin Islands company. Alice Huang is also known by her Chinese name, Huang Le.
By November 2023, Huang was no longer listed as a Megaspeed director, and all of her shares had been transferred to an entity owned by Singaporean businessman Tan Yong Pong, who is also known as James Tan.
However, short seller Culper Research cited a Megaspeed employee in a report released this May who said Alice Huang was “actually still our boss” and continued to participate in the company’s daily operations.
Megaspeed’s financial growth has also drawn attention. Singaporean corporate records show that the company’s total assets increased by about 90 times between the end of 2023 and the end of 2024, reaching nearly $3 billion.
In a separate statement issued Thursday in James Tan’s name, Megaspeed said it takes its responsibilities under U.S. export-control laws “extremely seriously.”
The company said it had cooperated with inspections conducted by the U.S. Commerce Department’s Bureau of Industry and Security and would fully cooperate with any other relevant U.S. authorities.
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