What is Megaspeed?
Megaspeed was formed in 2023 when 7Road, a Chinese gaming and cloud company, spun off its overseas business in Singapore and renamed it, according to reporting by the New York Times. It runs data centres in the region, including in Malaysia and Indonesia, and buys Nvidia’s advanced AI chips for them.
Why is Megaspeed under investigation?
The US restricts sales of Nvidia’s most advanced AI chips to China. In October 2025 the New York Times reported that Megaspeed, through a Malaysian subsidiary, had bought around US$2 billion of Nvidia’s top chips, and raised questions over whether Chinese customers were using them remotely.
- United States: the Commerce Department has been examining whether Megaspeed sidestepped export controls, and the US government has accused it of violating them, according to reports.
- Singapore: the police confirmed an investigation into suspected breaches of Singapore law and later said it was ongoing.
No court has ruled on any of this.
Who is Alice Huang?
Alice Huang (黄乐) is a Singapore-based senior executive at Megaspeed. Jensen Huang admitted to an affair with her in a message to Nvidia staff. According to the Financial Times, a US intelligence assessment alleges she was recruited by China’s Ministry of State Security. She has not been charged, and China’s embassy in the US has called the reports baseless.
What does Nvidia say about Megaspeed?
Nvidia has said it found no evidence that its chips sold to Megaspeed were illegally diverted to China, and that it has engaged with the US government about the company. Jensen Huang repeated this to Bloomberg.
Why this matters for Nvidia investors
Export rules decide where Nvidia can sell its most valuable chips. Any finding that its chips reached China against US rules, or that its CEO was targeted to influence that, could bring tougher rules or closer oversight. That is why the story moved the shares. Read more in what it means for Nvidia shareholders.
Frequently Asked Questions
Is Alice Huang related to Jensen Huang?
No. They share a surname but are not related.
Did Megaspeed send Nvidia chips to China?
That is what US and Singapore authorities are investigating. Nvidia says it found no evidence of illegal diversion. Nothing has been proven in court.
Does Megaspeed operate in Malaysia?
Reports say it runs data centres in Malaysia and bought chips through a Malaysian subsidiary.
Sources
This is a developing story, written from the reports above as of 9 November 2026 (Malaysia time). The espionage claims are allegations by US officials reported by the media; they have not been proven, no one has been charged, and China has called the reports baseless.
Disclaimer: This article is for education and information only. It is not a recommendation to buy, sell or hold any security. Dexter Chia is a licensed dealer’s representative (R336) at Malacca Securities (M+ Global).
