Megaspeed International

History

The company was incorporated in Singapore on 28 September 2015 as 7Road International Pte. Ltd., the Singapore arm of the Chinese gaming company 7Road. It was renamed Megaspeed International in March 2023, when 7Road transferred its shares to Huang Le Limited, a British Virgin Islands company controlled by Alice Huang (Huang Le), and she became a director and managing director. Her directorship ended in November 2023, after eight months, when ownership passed to Swiftdata, a Singapore company incorporated in October 2023 and owned by Tan Yong Pong, a Singaporean businessman whom Bloomberg describes as Megaspeed's chief executive and who is now its sole director. According to Bloomberg, Megaspeed was appointed an Nvidia Cloud Partner four days after the ownership change. According to The Wall Street Journal, Huang continued to act as a company leader afterwards and introduced herself to a business partner as Megaspeed's CEO as recently as August 2025.

Operations

Megaspeed's website lists GPU servers including Nvidia HGX H100 and GB200 NVL72 systems, managed Kubernetes, virtual servers and storage, along with offices in Singapore (Ocean Financial Centre) and Jakarta (PT Megaspeed International Indonesia). According to Bloomberg, its main data centres are in Malaysia, where its affiliate Speedmatrix operates. Bloomberg reported, from Malaysian and Indonesian customs data, that Megaspeed imported at least US$4.6 billion of Nvidia hardware (about 136,000 chips) from 2023 to November 2025, and that it rents Nvidia chips to Alibaba Group at several Southeast Asian facilities. According to trade records cited by The New York Times, Speedmatrix bought at least US$4.8 billion of AI equipment containing Nvidia chips between June 2024 and February 2026. Its Singapore filings show assets rising from US$33 million in 2023 to US$3 billion in 2024, and revenue of US$294 million in 2024 with an after-tax loss of US$20 million, Reuters reported.

Investigations

In October 2025 The New York Times reported that Megaspeed had bought nearly US$2 billion of Nvidia's most advanced chips through Speedmatrix and that U.S. authorities had been investigating it since 2024 over possible efforts to channel Nvidia chips to China. The Times also reported that a U.S. Commerce Department official who visited a Malaysian data centre in late 2024 found Nvidia equipment still packed in boxes. The Singapore Police Force said in October 2025 that it was investigating the company for suspected breaches of Singapore law. In December 2025 Bloomberg reported that Megaspeed had imported about 50,000 more chips than Nvidia found when it checked the company's data centres, though it found no evidence that any reached China. Nvidia, which had first said the hardware was fully accounted for, said its inquiry found no evidence of diversion and that Megaspeed had no Chinese shareholders, and pledged to visit the data centres again. In 2026 Bloomberg reported that Bridge Data Centres, a Bain Capital data-centre business, had removed Megaspeed from its Malaysian site.

On 9 November 2026 the Times reported that the Commerce Department's investigation of Megaspeed, run by its Bureau of Industry and Security, was halted in late 2025 and transferred to the United States Department of Justice, which is conducting a criminal inquiry into the company. The handover followed an email in August 2025 from Nvidia's general counsel to the investigators, saying a senior Commerce official had given Nvidia permission to contact them. The Times also reported that other agencies had proposed adding Megaspeed to the Commerce Department's entity list, a trade blacklist, and that the department had not done so.

In a statement in December 2025, Megaspeed said Bloomberg's article "contains misleading information and incorrect insinuations". It said inspections by the U.S. Bureau of Industry and Security, Malaysia's Ministry of Investment, Trade and Industry and Nvidia had found no evidence of illegal chip transfers. In November 2026 it said investigations had found "no evidence of any violations concerning the illicit transfer of chips or any illegal activities", and told the Times it was conducting an internal investigation into the chip-diversion allegations and had repeatedly offered to cooperate with the U.S. government without reply.

2026 reports about Alice Huang

From 29 October 2026 The New York Times and other outlets reported that U.S. officials had assessed Alice Huang was recruited by China's Ministry of State Security to gather information on Nvidia CEO Jensen Huang. The allegation is unproven, she has not been charged, and China has denied it. On 31 October Singapore's Ministry of Home Affairs said there had been no investigation of her over those claims and that the police investigation into Megaspeed was ongoing. Jensen Huang told Bloomberg that his dealings with her related to Megaspeed and were "completely normal and not unusual". On 5 November three House Republican committee chairs asked him to brief their committees on his interactions with her, and on 8 November, after he acknowledged an extramarital relationship that media reports linked to her, Nvidia's board opened an independent investigation. Megaspeed said it was surprised by the allegations that a former executive had acted as a foreign intelligence asset.