Megaspeed

Megaspeed, also styled MegaSpeed.Ai and registered as Megaspeed International, is a Singapore-based company that rents out computing power for artificial intelligence over the internet, a kind of business sometimes called a "neocloud".^[1] It was split off from a Chinese gaming company in 2023 and within a year was buying billions of dollars of advanced chips from Nvidia, the American company whose processors power most AI systems.^[2:1][3]

United States and Singaporean authorities have investigated whether Megaspeed helped Chinese companies get around American export controls, the rules that bar sales of the most powerful AI chips to China.^[2] Megaspeed and Nvidia say the company has complied with those rules.^[4][3] In 2026, reporting that US intelligence believed a former Megaspeed executive, Alice Huang, had passed information to Beijing, and Nvidia chief executive Jensen Huang's acknowledged intimate relationship with her, led Nvidia's board to open an independent investigation.^[5][6:1]

History

Megaspeed was created in 2023, when the Chinese gaming and cloud computing company 7Road split off its overseas operation in Singapore and renamed it.^[2:1] The Singaporean company had been called 7Road International.^[7] According to The New York Times, 7Road's owners include the Chinese central government and several local governments.^[2]

Corporate records list a Singaporean, Tan Yong Pong, as Megaspeed's sole director.^[7] The Straits Times could not establish where he was living in October 2025; the Times reported that business records and his social media place him in Shanghai, and that Megaspeed is owned by a shell company he owns.^[7][2] Both newspapers found Megaspeed's Singapore office nearly or entirely inactive when reporters visited.^[7][2]

Alice Huang, also known as Huang Le, was listed as managing director for the company's first eight months and has described herself as its chief executive. She is not related to Jensen Huang. She left Megaspeed in 2025.^[2] In early 2024 Megaspeed set up a Malaysian subsidiary, Speedmatrix.^[2:2]

Services and sites

Megaspeed's website describes it as a specialized cloud provider. It advertises access to Nvidia GB200 NVL72 and HGX H100 systems, which are rack-sized servers built around Nvidia's AI chips, along with managed Kubernetes (software that runs applications across many servers), virtual servers, storage and networking. The site lists offices in Singapore and Jakarta, and names PT Megaspeed International Indonesia as its legal entity.^[4]

The company's largest site by far was capacity in a data center hub run by Bridge Data Centres in Malaysia.^[1] It has also used data centers in Johor, the Malaysian state across the border from Singapore.^[2] The research firm SemiAnalysis reported in November 2025 that it had been tracking a large Megaspeed buildout across Malaysia but could not get access to any of the company's cloud services to test them. SemiAnalysis also asserted that Alibaba was Megaspeed's primary customer.^[8]

Chip purchases

Between June 2024 and June 2025, Speedmatrix received more than 200 shipments of restricted Nvidia technology, nearly $2 billion in total, according to trade records reviewed by the Times.^[2:2] Most came from Aivres, the California subsidiary of Inspur. Inspur, a Chinese technology company, was placed on the US Entity List in 2023 for supporting the Chinese military, which bars American firms from selling to it without a licence. Because Aivres is registered in the United States, it can buy Nvidia chips freely.^[2] Megaspeed became Nvidia's largest buyer in Southeast Asia.^[3]

The Times reported that Megaspeed sent the chips to data centers in Malaysia and Indonesia that appear to serve customers in China remotely. Serving Chinese customers from abroad in this way is not illegal in itself, but can be unlawful if done on behalf of a Chinese company.^[2] By late July 2025 the shipments had stopped. Morgan Stanley had projected that Megaspeed would buy as much as $3.2 billion of Nvidia's highest-performing computers over the following year.^[2] Later Times reporting, cited by the Associated Press, put Megaspeed's purchases of Nvidia chips over two years at more than $4.8 billion.^[6]

Investigations

In September 2024 an official from the Bureau of Industry and Security, the part of the US Commerce Department that enforces export controls, visited Megaspeed's data center in Malaysia and found Nvidia equipment still in boxes. Unopened hardware raises suspicion because some companies show inspectors equipment before shipping it elsewhere. US officials suspect some of the chips went on to China but, according to the Times, lack conclusive evidence.^[2:3] By October 2025 the Commerce Department had an active inquiry into whether Megaspeed was helping Chinese companies evade export restrictions, and Singapore police said they were investigating the company for breaching local laws.^[2]

In December 2025, Bloomberg reported gaps between the data center capacity Megaspeed had declared and the volume of hardware it imported.^[3] A US government probe also examined Megaspeed's ownership structure.^[1]

Responses

Megaspeed has said it operates in full compliance with all applicable laws, including US export controls.^[2] It disputed Bloomberg's reporting, said reviews by the Bureau of Industry and Security, Malaysia's Ministry of Investment, Trade and Industry and Nvidia found no violations, and said it might take legal action against Bloomberg.^[4] In November 2026 it repeated on LinkedIn that these reviews had found no evidence of illicit chip transfers.^[9]

Nvidia said its compliance team found Megaspeed to be wholly owned and operated by a company based outside China, with no Chinese shareholders, and that repeated visits to its facilities found no evidence of diversion.^[2] It described Megaspeed's business as a cloud service permitted under the export rules.^[3] The Commerce Department declined to comment on active enforcement matters, and Malaysia's trade ministry said the country had recently tightened its oversight of AI chip exports.^[2]

Loss of its Malaysian site

In early 2026, Bridge Data Centres, a data center operator backed by the investment firm Bain Capital, replaced Megaspeed at its Malaysian hub with Zenlayer, a Los Angeles-based cloud provider. A February letter to lenders said all 68.4 megawatts of capacity earmarked for Megaspeed had been replaced, without giving a reason. Megaspeed did not respond to Bloomberg's request for comment.^[1:1]

Intelligence allegations and Nvidia board investigation

On October 29, 2026, the Times reported, citing unnamed sources, that US intelligence agencies had concluded the year before that Alice Huang had passed information to Beijing while developing a close relationship with Jensen Huang, and that President Donald Trump had been briefed about a year earlier without acting.^[5] Nvidia said Jensen Huang's interactions with her were "not unusual or unexpected" and that the chip-diversion allegations had been investigated and debunked.^[5] Jensen Huang said Nvidia had accounted for all of its chips at Megaspeed and that the US government had not told him of its suspicions.^[10] China's government called the report "groundless speculation".^[11]

On November 4, 2026, the chairs of three House of Representatives committees asked Jensen Huang for a closed-door briefing on his dealings with Alice Huang and on Nvidia's safeguards against foreign espionage.^[10] On November 8, Nvidia's board opened an independent investigation, overseen by independent directors with outside counsel, saying it had no reason to believe national security or Nvidia's secrets had been compromised.^[12] The same day, Jensen Huang told employees he had been unfaithful to his wife and apologized; his letter did not name Alice Huang. The Times reported that he had acknowledged to the board that he had been intimate with her. He remained chief executive during the investigation.^[6:1][11] Nvidia's shares fell about 4% the next trading day.^[9:1]