Megaspeed's vacant offices raise questions about ties to Nvidia, China
Singapore-based Megaspeed International, at the center of the Nvidia Chinese spy scandal, operated with practically empty corporate headquarters, fueling questions about whether it's a front for the Chinese government.
One of Megaspeed's leaders is Alice Huang, the woman with whom Nvidia CEO Jensen Huang was having an affair, and who is suspected by U.S. intelligence of being an asset of China's Ministry of State Security. In the past three years, Megaspeed, formerly a gaming company, has been one of Nvidia's biggest foreign customers, purchasing nearly $5 billion in AI chips and advanced hardware.
Published reports revealed that the company listed a newspaper vendor as the director of its Australian subsidiary, and one of its Malaysia offices consisted of a dilapidated storefront outside Kuala Lumpur. Yet another Malaysia office was tucked into a shopping mall.
Megaspeed began as an offshoot of a China-based gaming firm and grew into a juggernaut by gaining access to restricted Nvidia AI computer chips. U.S. investigators say that Alice Huang used her contacts in the industry and a series of shell companies to gain access to 240,000 chips banned for export into China.
Investigation Expands
Now Megaspeed is being probed in both the U.S. and Singapore for allegedly smuggling those chips into China. President Trump said this week the FBI is also investigating romantic and business ties between Nvidia's chief executive Jensen Huang and Alice Huang (who are not related).
If allegations are true, who will be fired? Nvidia has a compliance team that may have failed utterly.
Nvidia's Response
Earlier this week, Jensen Huang, who is married, apologized for the affair in a statement to Nvidia's employees. The company launched an independent investigation of the matter, and an Nvidia shareholder filed a class action lawsuit Tuesday alleging that Huang concealed a relationship with Alice Huang and misled shareholders about national security concerns.
Nvidia's board said it had no reason to believe that the company's secrets or national security were compromised. China expert Jacqueline Deal also questioned the effectiveness of the U.S. Commerce Department, which has jurisdiction over export controls that may have been bypassed, potentially giving the Chinese military access to the world's most advanced chips.
Megaspeed's Growth
Megaspeed and its Malaysian affiliate, Speedmatrix, purchased $4.8 billion of Nvidia's advanced artificial intelligence equipment and processors over the last three years. In 2025, Megaspeed International faced an investigation by Singapore police for alleged breaches of local laws, but no details have emerged about the probe.
The company grew rapidly, according to its LinkedIn profile which claims it has between 201 and 500 employees. Three years ago it listed between two and 10 employees, according to the South China Morning Post.
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