What we know so far about Nvidia partner Megaspeed’s expansion into Asia

MegaSpeed ​​International, a Singapore-based cloud computing company that operates data centers across Southeast Asia, is facing new scrutiny over allegations that it facilitated billions of dollars in exports of restricted Nvidia chips to China and the close relationship between the company’s de facto leader and CEO Jensen Huang.

Alice Fan, also known by her Chinese name Huang Le, was identified by U.S. intelligence as having been recruited by China’s Ministry of State Security to gather information on Jensen, according to people briefed on the intelligence agency cited by The New York Times.

The Information reported that her relationship with Jensen helped facilitate at least $7.5 billion in shipments of NVIDIA chips to Chinese companies, according to two people who know her cited by the magazine. CNBC could not independently verify this report.

Bloomberg also reported that she returned to Beijing after receiving information from Chinese security officials.

The case has drawn intense scrutiny from Washington as Jensen Huang cultivates a relationship with President Donald Trump and advocates for easing restrictions on chip exports to China.

Nvidia’s board of directors has launched an investigation into whether its CEO was the target of foreign intelligence operations. The company said it has no reason to believe that U.S. national security or NVIDIA’s confidential information was compromised.

Megaspeed lists Singapore as its principal office location and has subsidiaries across Southeast Asia. Here’s what we know about its presence in the region.

Megaspeed was incorporated as 7Road International in 2015 and has operations in Singapore and Indonesia, it said. The company’s offices on Collier Quay showed no signs of activity when visited by local media in October 2025.

The company is wholly owned by Swiftdata, a Singapore corporation established in October 2023. According to company filings, Megaspeed’s director was Tan Yong Pong, a Singaporean national.

Alice Huang, a Chinese executive who allegedly used her relationship with Nvidia’s CEO to solicit business, served as managing director for eight months in 2023. Company filings show that she received one Megaspeed share for S$1 on the day she resigned as managing director.

Megaspeed, which is an Nvidia cloud partner in the Asia-Pacific region and provides access to Nvidia’s GB200 NVL72 and HGX H100 systems, said its assets jumped from just $33 million the year before to nearly $3 billion in 2024, and just $75 in 2022.

Sales rose from zero in 2023 to $294 million in 2024, but the company posted a loss of about $20 million, according to the filing.

Singapore Police launched an investigation into MegaSpeed ​​in October 2025 on suspicion of violating domestic law.

Separately, the Wall Street Journal reported that Singaporean authorities had investigated Alice Huang for possible ties to Chinese intelligence services, but Singapore’s Ministry of Home Affairs disputed that explanation.

“No such investigation has been conducted regarding Alice Huang,” city-state authorities said.

Singapore’s Ministry of Foreign Affairs, Economic Development Board and Ministry of Home Affairs did not respond to CNBC’s requests for comment.

Megaspeed is reportedly associated with Shanghai Century Litong, a China-based company that secured preferred cloud partner status with Nvidia in 2023.

Short seller Calper Research alleged in May that MegaSpeed ​​and its Malaysian subsidiary SpeedMatrix had received large sums of money linked to Chinese tech giant Alibaba. Culper said Megaspeed “was secretly funded by Alibaba through a series of shell companies,” including what he called the bulk of the $4.2 billion tranche in March 2025.

The company denied illegally transferring chips to China. The company said in a December 2025 statement that it had undergone multiple on-site inspections and reviews by the U.S. Department of Commerce’s Bureau of Industry and Security, the Malaysian Ministry of Investment, Trade and Industry, and Nvidia, and those reviews found no evidence of violations.

“We operate fully within the confines of all applicable export control regulations and maintain the highest standards of legal and ethical conduct,” Megaspeed said in a statement.

Apart from its Singapore legal entity, Megaspeed is connected to a network of subsidiaries and facilities across Southeast Asia. The three data centers listed on the website were previously identified as being in Malaysia and Indonesia, but are now only listed as being in “Southeast Asia.”

According to local business media The Edge Malaysia, two Malaysian companies said to be linked to MegaSpeed, Speed ​​Matrix and MS Fusion have listed addresses at the same development in Iskandar Puteri, Johor.

SpeedMatrix purchased at least $4.8 billion worth of advanced AI equipment, including systems powered by Nvidia chips, between June 2024 and February 2026, according to transaction records cited by the newspaper. The Edge Malaysia said the company posted a loss of RM103.2 million ($25 million) in 2024 on revenue of RM522.3 million.

Although MSFusion reported no revenue, it agreed to buy 52.5 acres of industrial land in Kota Tinggi in August 2025 for RM263.2 million. After receiving a notice of default from the seller, Crescendo Corporation, the company settled in September for RM225.9 million in arrears.

According to the NYT, when US trade officials visited a data center run by Speedmatrix in 2025, they discovered boxes of unopened Nvidia chips, raising suspicions that the hardware may have been illegally re-exported to China. According to the report, authorities did not have conclusive evidence at the time that the chips had been diverted.

Malaysia’s Minister of Investment, Trade and Industry Johari Abdul Ghani reportedly said on Tuesday that his ministry had not presented any evidence that Speedmatrix violated Malaysian law and had not opened an investigation into the company.

He pledged that the country would not become a “conduit for circumventing export controls,” adding that authorities would act if there was credible evidence or a formal request from a foreign authority.

Megaspeed’s presence extends to Indonesia, but little is known about the company.

Indonesian media KunparanTEKNO reported that the Jakarta-based company is actively working on cross-border trade. Customs data through June 2026 shows 242 transactions involving three suppliers and four buyers.

This recording includes an import labeled “MODULE NVIDIA GPU H100 SINGLE,” which refers to the Nvidia H100 graphics processing unit used for artificial intelligence training and high-performance computing.

The H100 has been subject to U.S. export licensing requirements to China since August 2022, when Washington imposed new regulations targeting Nvidia’s A100 and H100 chips and systems containing them.