Megaspeed International, a Singapore-based cloud computing company, said Sunday that Chinese businesswoman Alice Huang left the firm last year. Huang’s reported relationship with former Nvidia CEO Jensen Huang has drawn attention amid U.S. national security concerns.
Megaspeed, which is facing scrutiny over alleged shipments of advanced Nvidia chips to Chinese companies, also said it had launched an internal investigation overseen by external lawyers.
In a statement to The Associated Press, the company said it operates a “legitimate and lawful business” and acknowledged media reports making claims about its business, supply chain and international operations “that are not supported by verifiable evidence.” Megaspeed did not respond to individual allegations.
“The company has retained external legal counsel to conduct a thorough internal investigation,” Megaspeed said in an emailed statement.
The company said Alice Huang “left Megaspeed effective Aug. 30, 2025, and currently has no role with the company.” It added that it does not comment on “Ms. Huang’s personal and private matters.”
Megaspeed, an Nvidia customer and cloud partner, has come under growing scrutiny in recent months, including from U.S. authorities. The allegations center on claims that the company bypassed U.S. export controls to move large volumes of advanced chips to Chinese firms. In December, Megaspeed said there was “no evidence” of illegal chip transfers.
Singapore’s government said Thursday that it opened an investigation into Megaspeed in February 2025, including possible “false declarations in relation to the purchase of servers.”
The investigation also examined Alice Huang, whom Singaporean officials identified at the time as Megaspeed’s CEO, chairperson and one of the company’s key controllers.
Authorities questioned Huang and retained her passport last year. They later determined that there was insufficient evidence to establish that she had committed a crime, although officials suspected she had provided “inaccurate” information intended to minimize her role in the company.
A previous report by The New York Times said U.S. officials believed Alice Huang was a Chinese spy recruited in an effort to influence Nvidia and make its most advanced chips more accessible to China.
The allegations, along with reports about Huang’s romantic relationship with Jensen Huang, intensified scrutiny. Nvidia announced Thursday that Jensen Huang was stepping down as the company’s CEO.
U.S. Attorney General Todd Blanche said Thursday that the Justice Department had not determined whether Alice Huang was a Chinese spy. When asked about the allegation, President Donald Trump said, “I don’t know if that’s been determined yet.”
China’s government dismissed the allegations as unsubstantiated.
The Associated Press has been unable to contact Alice Huang for comment.
Megaspeed was originally established as the international division of a Chinese video game developer. The company was incorporated in Singapore in 2015 under the name 7Road International. It adopted the Megaspeed name in March 2023, when all of its shares were transferred to Huang Le Limited, a British Virgin Islands company. Alice Huang is also known by her Chinese name, Huang Le.
By November 2023, Huang was no longer listed as a Megaspeed director, and her entire shareholding had been transferred to an entity owned by Singaporean businessman Tan Yong Pong, who is also known as James Tan.
Megaspeed’s financial growth has also attracted attention. Singaporean corporate records show that the company’s total assets increased by about 90 times between the end of 2023 and the end of 2024, reaching nearly $3 billion.
In a separate statement issued Thursday in James Tan’s name, Megaspeed said it takes its responsibilities under U.S. export-control laws “extremely seriously.”
The company said it had cooperated with inspections conducted by the U.S. Commerce Department’s Bureau of Industry and Security and would fully cooperate with any other relevant U.S. authorities.
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