The Singapore cloud computing firm said former executive Alice Huang has no current role as scrutiny grows over advanced Nvidia chip sales to China.
Megaspeed International announced Sunday that it has hired outside lawyers to conduct an internal inquiry into its operations, while maintaining that former executive Alice Huang left the firm last year. According to PBS NewsHour, the Singapore-based cloud computing provider said Huang stepped down effective Aug. 30, 2025, and holds no active role in the organization.
The inquiry follows intense corporate fallout that started when Nvidia investigates CEO Jensen Huang after reports linked him to the businesswoman.
The executive turmoil widened after former Nvidia CEO Jensen Huang stepped down from his position.
Market instability had already grown after Nvidia shares drop as Trump confirmed a federal review.
Allegations of illicit chip transfers
Megaspeed stated that media claims regarding its global operations, business practices and supply chains are not backed by verifiable evidence. The company said it has retained “external legal counsel to conduct a thorough internal investigation” while declining to discuss personal matters, adding that “Megaspeed does not comment on Ms. Huang’s personal and private matters.”
Federal investigators in the United States suspect Alice Huang used personal industry contacts and a network of shell entities to obtain 240,000 artificial intelligence chips barred from export to China, CBS News reported. Megaspeed has emerged as one of Nvidia’s largest overseas buyers over the past three years, purchasing nearly $5 billion worth of advanced chips and computer hardware. Intelligence officials suspect Alice Huang of serving as an asset for China’s Ministry of State Security to help secure advanced computing equipment, an accusation the Chinese government denies. Alice Huang and Jensen Huang are not related.
Data center routing and congressional scrutiny
Megaspeed is also suspected of routing access to advanced Nvidia processors to Chinese businesses through data centers located in Indonesia, Malaysia and Thailand, BBC News reported. The transactions have sparked sharp debate across Washington over how federal agencies enforce trade limits on high-performance semiconductors.
United States Treasury Secretary Scott Bessent criticized the Commerce Department on Friday, telling CNBC that multiple federal agencies supported placing Megaspeed on the federal trade restriction list months ago. The entity list bars designated foreign organizations from purchasing American technology without government approval. Commerce Secretary Howard Lutnick is scheduled to testify before the Senate Banking Committee next month regarding export licensing decisions, and congressional committees have directed Lutnick and his department to preserve all documents related to Nvidia and Jensen Huang.
Singapore inquiry and corporate history
Megaspeed started operations in Singapore in 2015 under the name 7Road International as the overseas arm of a Chinese video game company. It rebranded in March 2023 when ownership shifted to Huang Le Limited, an entity registered in the British Virgin Islands. Alice Huang is also known by her Chinese name, Huang Le. By November 2023, corporate filings listed Singaporean businessman Tan Yong Pong, also known as James Tan, as the owner, and Huang was removed as a director.
Singaporean authorities began a criminal investigation into Megaspeed in February 2025 over potential false declarations regarding computer server acquisitions. Officials questioned Alice Huang and seized her passport in June 2025. Singapore later concluded there was insufficient evidence to bring criminal charges, although investigators suspected she provided inaccurate details about her corporate role. A source familiar with the case said Singapore sought help from Washington during the inquiry but received no meaningful response.
Corporate assets and next steps
Despite official filings indicating Alice Huang departed, a report published in May by short seller Culper Research cited an employee who stated she still acted as boss and managed daily tasks. Public corporate records in Singapore show Megaspeed’s total assets expanded roughly 90-fold from the end of 2023 to 2024, climbing to nearly $3 billion.
In a recent statement, James Tan said Megaspeed cooperated with inspections conducted by the Commerce Department’s Bureau of Industry and Security and remains ready to assist other American officials. Megaspeed said its supply chain framework strictly follows local regulations and United States export control rules. United States Attorney General Todd Blanche stated Thursday that the Justice Department has not yet reached a final conclusion on whether Alice Huang worked as a foreign spy.
