Megaspeed: the Nvidia partner at the center of the chip probe
Megaspeed, a Singapore cloud firm tied to Nvidia CEO Jensen Huang's reported affair, saw its assets jump from $33 million to about $3 billion in a year. Here is what CNBC found about its footprint across Asia.
A small firm that grew fast
Megaspeed International, a Singapore-based cloud computing firm, is at the center of a US national security probe over suspicions that it helped restricted Nvidia chips reach China. The company says it is an Nvidia Cloud Partner in the Asia-Pacific region and offers access to Nvidia GB200 NVL72 and HGX H100 systems.
Filings show a startling rise. Megaspeed was incorporated in 2015 as 7Road International and changed its name in March 2023. Its assets surged to about $3 billion in 2024, from $33 million a year earlier and $75 in 2022. Revenue rose to $294 million in 2024, from zero in 2023, while the company posted a loss of about $20 million.
The company is wholly owned by Swiftdata, a Singapore entity incorporated in October 2023. Its director was Singapore citizen Tan Yong Pong. Alice Huang, the executive at the center of the scandal, served as managing director for 8 months in 2023 and received 1 Megaspeed share for 1 Singapore dollar on the day she stepped down.
Malaysia: the Speedmatrix link
Megaspeed is linked to a network of subsidiaries and facilities across Southeast Asia. Two Malaysian entities, Speedmatrix and MSFusion, list addresses in the same development in Iskandar Puteri, Johor, according to local outlet The Edge Malaysia.
Speedmatrix 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. The company reported a loss of 103.2 million ringgit, or $25 million, on revenue of 522.3 million ringgit in 2024.
MSFusion, which reported no revenue, agreed in August 2025 to buy a 52.5-acre industrial parcel in Kota Tinggi for 263.2 million ringgit. It later settled 225.9 million ringgit in overdue payments in September, after receiving a default notice from seller Crescendo Corp.
A US trade official found boxes of unopened Nvidia chips during a 2025 visit to a data center operated by Speedmatrix, according to The New York Times. The report said officials did not have conclusive evidence that the chips were being diverted at the time.
- Megaspeed assets, 2024About $3 billion
- Megaspeed assets, 2023$33 million
- Speedmatrix equipment buysAt least $4.8 billion
Indonesia and the wider network
Megaspeed's presence also extends to Indonesia, although little is known publicly about the entity there. Customs data through June 2026 shows 242 transactions involving 3 suppliers and 4 buyers, according to Indonesian outlet KumparanTEKNO.
The records include an import described as "MODULE NVIDIA GPU H100 SINGLE", an Nvidia H100 graphics processing unit used for AI training. The H100 has been subject to US export licensing requirements for China since August 2022.
Megaspeed was reportedly linked to Shanghai Century Litong, a China-based company that secured preferred cloud partner status with Nvidia in 2023. Short seller Culper Research alleged in May that Megaspeed and Speedmatrix had received funding connected to Chinese tech giant Alibaba, including through what it described as a large portion of a $4.2 billion tranche in March 2025.
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 had investigated Alice Huang over alleged links to Chinese intelligence, but Singapore's Ministry of Home Affairs disputed that account.
What is alleged — and what is denied
The Information reported that Alice Huang's relationship with Jensen Huang helped facilitate at least $7.5 billion in Nvidia chip shipments to Chinese firms. CNBC said it could not independently verify the report. US intelligence identified Alice Huang as having been recruited by China's Ministry of State Security, according to people briefed on the intelligence cited by The New York Times. Bloomberg reported that she has returned to Beijing.
Nvidia's board has opened an investigation into whether the chief executive was targeted by a foreign intelligence operation. The company has said it has no reason to believe that US national security or Nvidia confidential information was compromised.
Megaspeed has denied illegally transferring chips to China. In a December 2025 statement, it said it had undergone multiple on-site inspections by the US Commerce Department's Bureau of Industry and Security, Malaysia's Ministry of Investment, Trade and Industry, and Nvidia, and that those reviews had found no evidence of violations. "We operate fully within the bounds of all applicable export control regulations and maintain the highest standards of legal and ethical conduct," the company said.
