--- title: "What we know about Megaspeed, Singapore-based customer of Nvidia" type: "News" locale: "en" url: "https://longbridge.com/en/news/304975849.md" description: "Singapore-based cloud firm Megaspeed faces US and Singaporean scrutiny over alleged ties to Nvidia CEO Jensen Huang and potential diversion of restricted AI chips to China. Megaspeed, an Nvidia partner, saw assets surge to $3 billion in 2024 despite a net loss. While Singapore authorities investigate Megaspeed for suspected legal breaches, they denied probing Alice Huang personally. The case highlights concerns about Chinese firms using Singapore to bypass US export controls." datetime: "2026-11-10T08:11:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/304975849.md) - [en](https://longbridge.com/en/news/304975849.md) - [zh-HK](https://longbridge.com/zh-HK/news/304975849.md) generator: "portal-rs" --- # What we know about Megaspeed, Singapore-based customer of Nvidia SINGAPORE: Singapore-based cloud computing firm Megaspeed faces renewed scrutiny as the United States looks into Nvidia CEO Jensen Huang's affair with Chinese businesswoman Alice Huang , alleged to be a spy for Beijing . Here are details of Megaspeed, where Huang used to be an executive. WHAT IS MEGASPEED? Megaspeed, an Nvidia customer, was incorporated in 2015 as 7Road International before changing its name to Megaspeed International in March 2023, its business filings showed. It is wholly owned by Singapore-registered Swiftdata incorporated in October 2023, which says providing hosting services by non-data centres is its principal activity. Two Singapore citizens are listed as officers of both companies. Tan Yong Pong was appointed a director of Swiftdata on Oct 31, 2023, before becoming a director of Megaspeed less than two weeks later. The same month, Huang Le ended an eight-month tenure as managing director of Megaspeed, media said. Huang Le is Alice Huang's Chinese name. Swiftdata also shares an address with Ng Wei Shi Khloe, who is listed as company secretary of both companies. Tan and Ng are the only listed officers of the two firms in their business filings. Reuters could not immediately contact Swiftdata, and Megaspeed did not respond to a request for comment. Megaspeed has faced US scrutiny over suspicions that it helped Beijing ‌gain access ⁠to Nvidia's advanced AI chips whose export to China is restricted. On its website, it says it is an Nvidia Cloud Partner in the Asia-Pacific region and offers access to the company's GB200 NVL72 and HGX H100 systems. Megaspeed's assets increased sharply to US$3 billion in 2024 from US$33 million in 2023, its business filings showed. It reported after-tax loss of US$20 million in 2024, versus a loss of US$21,283 a year earlier, while revenue jumped to US$294 million from zero. Its cashflow statement showed US$844,555 went to investing activities in 2024, after financing activities brought in cash of US$10 million the previous year.SINGAPORE'S ROLE Last October Singapore police said they were investigating Megaspeed over "suspected breaches of our domestic laws" after a US senator requested the Commerce Department to investigate whether Megaspeed had diverted Nvidia chips. Last month, the home affairs ministry responded to remarks in the Wall Street Journal that Singapore was concerned about Alice Huang's ties to Jensen Huang, with authorities separately investigating her alleged links to Chinese intelligence. "We would like to make clear that neither the Singapore Government nor its officials said this. And there were no such investigations conducted in respect of Alice Huang," it said, while adding that investigations into Megaspeed continue. The ministry did not immediately respond to a request for further comment on Tuesday. Singapore has become a key site for Chinese firms to set up offices in recent years, in efforts to "Singapore-wash", or domicile in the trade-focused country to reduce risks from China-US tensions. Singapore has said it does not enforce "unilateral export controls imposed by other countries", but it acts "firmly against companies and individuals who violate our laws and are engaged in fraudulent and dishonest practices". It is currently investigating four other individuals charged with chip fraud in an unrelated case. ### Related Stocks - [ANV.US](https://longbridge.com/en/quote/ANV.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [NVC.US](https://longbridge.com/en/quote/NVC.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [NVDB.US](https://longbridge.com/en/quote/NVDB.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVIB.US](https://longbridge.com/en/quote/NVIB.US.md) - [NVII.US](https://longbridge.com/en/quote/NVII.US.md) - [NVIT.US](https://longbridge.com/en/quote/NVIT.US.md) - [NVW.US](https://longbridge.com/en/quote/NVW.US.md) - [NVYY.US](https://longbridge.com/en/quote/NVYY.US.md) - [NYYY.US](https://longbridge.com/en/quote/NYYY.US.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) ## Related News & Research - [Alice Huang, Chinese businesswoman tied to Nvidia CEO, went from finance to chips](https://longbridge.com/en/news/304954920.md) - [Nvidia launches probe after report CEO Huang was target of foreign intelligence](https://longbridge.com/en/news/304768894.md) - [Nvidia Stock Downgraded Today — The $165 Billion Risk Behind the Call](https://longbridge.com/en/news/304920220.md) - [Nvidia Board Inquiry Puts $177.92 Support in Focus Ahead of Earnings](https://longbridge.com/en/news/304827618.md) - [House Democratic leader says lawmakers needs answers on Nvidia, wants China chip restrictions](https://longbridge.com/en/news/304905260.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**