SINGAPORE (The Thursday Times) — Megaspeed International, the Singapore-based cloud computing company under scrutiny over alleged transfers of advanced Nvidia chips to Chinese firms, said on Sunday that businesswoman Alice Huang left the company in 2025 and has no role there now. It also announced an internal investigation led by outside lawyers.
“Ms Alice Huang officially left Megaspeed effective August 30, 2025, and currently has no role with the company,” the statement said. The company said it “conducts legitimate and lawful business” and has “retained external legal counsel to conduct a thorough internal investigation”, including a review of its compliance with US export controls. It said media reports about its business, supply chain, and operations were “not supported by verifiable evidence”, and added that it does not comment on her personal matters.
What Singapore has said
Megaspeed is suspected of buying Nvidia’s advanced chips for data centres in South-East Asia and routing them to Chinese companies in breach of US restrictions. Last December it said there was “no evidence” of illicit transfers. Singapore’s government said on Thursday that it opened an investigation into the company in February 2025, including into possible false declarations over the purchase of servers. Authorities have said servers holding advanced AI chips were shipped to Malaysia and may have been delivered elsewhere, contrary to what was declared in Singapore, and police say the investigation is continuing.
The government identified Alice Huang as Megaspeed’s then chief executive, chairperson, and one of its key controllers. Officials questioned her and withheld her passport last year, but concluded there was insufficient evidence that she had committed a crime, even though they suspected she had given “inaccurate” information to play down her role.
Washington’s focus
US Treasury Secretary Scott Bessent said on Sunday that it “doesn’t matter to me” whether Alice Huang is a spy. His concern, he said, is whether Nvidia had a culture of compliance with US export restrictions, and he urged the company’s board to look outside for a new chief executive because “they need a dramatic shake-up”. Jensen Huang, who resigned as chief executive on Thursday, is reported to be discussing a return, and Bessent has also blamed the Commerce Department for failing to blacklist Megaspeed. Nvidia reports quarterly results on Tuesday, its first since Huang’s departure.
