SINGAPORE.– Megaspeed came out this Sunday to distance itself from Alice Huang, the Chinese businesswoman who found herself at the center of the scandal that ended with Jensen Huang's departure as CEO of Nvidia. The cloud computing company, based in Singapore, stated that Huang formally left the company on August 30, 2025, and that she currently holds no position or role there. At the same time, it rejected the accusations about its operations and announced an internal investigation led by external lawyers.
Jensen Huang and Alice Huang - CTI/AFPTV
"Megaspeed conducts legitimate and legal business," the company said in a statement. The firm also said it had become aware of recent reports containing claims about its business, its supply chain, and its global operations that, it stated, "are not supported by verifiable evidence." For that reason, it hired external legal counsel to conduct a review of its obligations under U.S. export control regulations.
The statement seeks to separate the company from a woman whose name became linked to a plot combining artificial intelligence, chips, China, espionage, and a romantic relationship with the founder of Nvidia.
The story began long before Alice Huang appeared in the headlines. Megaspeed became a major Nvidia client at the height of the artificial intelligence boom, when the U.S. company's processors came to be considered a strategic resource. Washington had imposed restrictions to prevent the most advanced chips from reaching China, concerned about their possible use in artificial intelligence systems with military applications.
Megaspeed operated from Singapore and other Southeast Asian countries. Its business consisted of acquiring infrastructure equipped with Nvidia processors and offering computing capacity to third parties. The problem that U.S. authorities began investigating was whether that structure could be used to circumvent export restrictions and allow Chinese companies indirect access to technology they could not buy directly.
In parallel, Singapore opened an investigation in February 2025 into Megaspeed and other companies for possible false statements related to the purchase of servers. Alice Huang was then CEO, chairwoman, and one of the main people controlling the company.
Jensen Huang with Alice Huang
The case took on an international dimension when U.S. officials inspected Megaspeed facilities in June of that year. Singaporean authorities were investigating whether servers purchased by companies under suspicion had been sent to Malaysia and could subsequently have ended up in other destinations, contradicting the declarations made in Singapore.
But there is a fundamental distinction: Singapore did not investigate Alice Huang for espionage. That country's government recently clarified that there was no investigation by its authorities into her alleged ties to Chinese intelligence. The local investigation was related to Megaspeed's operations and possible false statements.
In February of this year, Singaporean authorities determined there was insufficient evidence to establish that Huang had committed the crimes originally under investigation. However, they considered that she had provided inaccurate information to minimize her role within Megaspeed.
Meanwhile, in the United States, another far more explosive suspicion had begun to take shape. Intelligence sources cited by U.S. media claimed that Alice Huang might have ties to China's Ministry of State Security and might have acted as an asset for Beijing. Those accusations were not publicly proven, and the Chinese government rejected them.
Huang's personal relationship with Jensen Huang turned the case into a global scandal. The Nvidia founder admitted on November 8 that he had been unfaithful to his wife, though he initially did not identify the woman. Days later, he stepped down as CEO of the company he had turned into one of the most powerful firms in the tech world.
Huang's departure also led Nvidia to open an internal investigation into the episode. In Washington, the case raised new questions about the controls designed to prevent advanced U.S. chips from reaching China and about the possibility that intermediary companies might allow those restrictions to be circumvented.
Megaspeed is now trying to move away from that center of gravity. "Alice Huang officially left Megaspeed effective August 30, 2025, and currently has no role in the company," the company stated, avoiding comment on the private life of its former executive.
Jensen Huang with Alice Huang
In the middle remains the question that turned a business investigation into one of Nvidia's biggest scandals: what really happened to the technology that left the U.S. company, and how far the network built around Megaspeed extended.
Agencies Reuters, AP and AFP