Megaspeed

The Straits TimesThe Straits TimesThe Straits Times is Singapore’s oldest English-language daily, founded in 1845 as The Straits Times and Singapore Journal of Commerce. Long part of Singapore Press Holdings, it has been published since December 2021 by the not-for-profit SPH Media Trust.Open the full entry’s article of October 10, 2025, drawing on Singapore corporate records, states that Megaspeed was named 7Road International when it was incorporated in Singapore in 2015; a ReutersReutersReuters is an international news agency founded in London in 1851 by Paul Julius Reuter and is now the news business of Thomson Reuters. It provides text, photo, video, and graphics coverage to media and institutional clients and distributes it through channels such as Reuters Connect.Open the full entry dispatch of November 10, 2026 (drawing on business filings) and a CNA article of November 11, 2026, likewise give its incorporation in 2015 as 7Road International. The Straits Times’s article of November 11, 2026, relaying Bloomberg, gives 2023 as the year of the company’s founding (“since its founding in 2023”).⁠[1][2][3][4]

The Straits Times’s article of October 17, 2025, calls 7Road International “a Chinese gaming company with ties to state-backed investors”; Bloomberg’s article of December 2025 calls Megaspeed “the once-obscure spinoff of a Chinese gaming enterprise”; and an Agence France-Presse (AFP) dispatch of November 9, 2026, says that the Singapore Government’s website shows the earlier name 7Road International, “suggesting links to Chinese gaming company 7Road.”⁠[5][6][7]

In March 2023, 7Road International was renamed Megaspeed International. In the same month Alice Huang became a director and the managing director, another director was appointed with her, and ownership of the company passed to Huang Le Limited.⁠[1][4][2]

Swiftdata, registered in Singapore, was incorporated in October 2023. Tan Yong Pong was appointed a director of Swiftdata on October 31, 2023, and became a director of Megaspeed on November 10. In November the ownership of Megaspeed passed from Huang Le Limited to Swiftdata, which became its sole owner; by November 10 both Alice Huang and the other director had resigned as directors, her time as director and managing director having run from March to November 2023.⁠[2][5][1][4]

Malaysian corporate records show that Speedmatrix was incorporated in February 2024, is owned by Megaspeed and has two addresses in Johor, and that Tan Yong Pong has been a director since its incorporation. The Straits Times’s article of October 17, 2025, relaying The New York TimesThe New York TimesThe New York Times is an American morning daily newspaper published in New York City. Founded in 1851, it is published by The New York Times Company.Open the full entry, states that Speedmatrix is used to receive shipments of NVIDIA chips from the United States.⁠[5]

Filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) show that the company’s total assets rose from US$32.9 million in 2023 to almost US$3 billion in 2024 and its total liabilities from US$22.9 million to almost US$3 billion; revenue rose from almost zero in 2023 to US$294.3 million in 2024, and the company recorded an after-tax loss of US$20 million in 2024, against a loss of US$21,283 a year earlier. Its financial statements have received unqualified audit opinions in recent years; as of November 11, 2026, it had not publicly disclosed its financial statements for 2025.⁠[4][2]

The Straits Times’s article of November 11, 2026, states that U.S. authorities began investigating Megaspeed in late 2024 on suspicion that it had breached U.S. restrictions on chip exports. The AFP dispatch of November 9, 2026, relaying The New York Times, has the U.S. government probing Megaspeed since 2024 over “its potential steering of Nvidia chips to China.”⁠[4][7]

The New York Times published an article on Megaspeed in October 2025; the article’s web address carries the date October 9, and The Straits Times credits the newspaper with being the first to write about the matter. A Reuters dispatch of October 14, 2025, relays the article as having “detailed the alleged diversion of Nvidia chips” by Megaspeed and as stating that Megaspeed funneled NVIDIA chips to Malaysia and Indonesia that “appeared to serve customers in China remotely.” The Straits Times’s article of October 10, 2025, relaying the newspaper, states that the U.S. Commerce Department was probing whether the company was involved in helping Chinese technology firms sidestep U.S. export controls to obtain restricted NVIDIA artificial-intelligence chips.⁠[8][9][1]

The opening of the article as carried by The Straits Times calls Megaspeed a Singapore-based data-centre company that in June 2024 “was poised to buy US$2 billion (S$2.6 billion) of Nvidia AI technology over the next year”; the caption of the photograph published with it says that only two employees were present at the company’s Singapore office on a weekday in October 2025.⁠[10]

Singapore’s police confirmed that investigations into Megaspeed were under way for suspected breaches of local laws, without giving details of the nature of the potential offences; on October 14 the Singapore Police Force said that “investigations are ongoing into Megaspeed for suspected breaches of our domestic laws.” Answering a query from The Straits Times, a spokesperson for Singapore’s Economic Development Board said, “We expect companies in Singapore to comply with our domestic legislation, and with laws in the jurisdictions that they operate in.”⁠[1][9]

Reporters of The Straits Times visited the company’s office on the seventh floor of Ocean Financial Centre on October 10; their article states that the office, behind a locked glass door, showed no signs of activity and that attempts to reach the company by telephone ended in a dead ring tone. It adds that NVIDIA declined to comment when the newspaper contacted it.⁠[1]

On October 13, 2025, U.S. Senator Tom Cotton wrote to Commerce Secretary Howard Lutnick, “I respectfully request the Commerce Department investigate Megaspeed,” and he made the letter public the next day. The letter describes Megaspeed as a spin-off of 7Road, which it calls a cloud company owned by the Chinese government; referring in a footnote to the New York Times article, it says that the article details a complicated routing of the U.S. chips that flowed to Megaspeed through “a subsidiary of Inspur, a sanctioned Chinese company,” the company’s “near-empty offices” in Malaysia and Singapore, and a Malaysian data center where U.S. officials found export-controlled U.S. chips still in boxes. Reuters, writing about the letter, stated, “Megaspeed did not immediately respond to a request for comment.”⁠[8][11][9]

Drawing on Singapore corporate records, The Straits Times wrote on October 17, 2025, that Tan Yong Pong was Megaspeed’s sole director and that Megaspeed was owned by his company Swiftdata. Its reporters found that Swiftdata’s registered address, in an office building in Jurong East, was occupied by a professional-services firm; a director of that firm, who had previously served as company secretary of both Swiftdata and Megaspeed, said that it was common for clients to use its office address for company registration and declined to comment further because of ongoing investigations.⁠[5][1]

Answering the newspaper’s queries, Malaysia’s Ministry of Investment, Trade and Industry said that the country had strengthened regulatory oversight of exports of advanced AI chips; a spokesperson said that the ministry could not comment on investigations, if any, of companies not registered in Malaysia, but welcomed “the sharing of credible, verifiable information” from partner countries to assist in investigating suspected illicit trade within Malaysia’s jurisdiction.⁠[5]

On December 22, 2025, Bloomberg published an article whose subheading reads, “Singapore-based Megaspeed has imported tens of thousands more chips than Nvidia saw when checking its data centers.” Its opening paragraphs state that in less than three years Megaspeed International Pte. had become “the single largest Southeast Asian buyer of Nvidia Corp. chips” and was now a focal point of Washington’s fears about semiconductor smuggling into China, and they refer to NVIDIA’s repeated assurances that chip diversion does not exist. The Straits Times, relaying the article, gives the figure that Megaspeed, through its affiliates, imported at least US$4.6 billion worth of NVIDIA hardware between 2023 and November 2025. The article’s page notes a correction made on January 6, 2026.⁠[6][4]

On the home page of its website Megaspeed published a statement dated December 23, 2025, saying that the Bloomberg article “contains misleading information and incorrect insinuations, including suggestions that we may have been involved in illegal chip transfers.” The statement says that over the preceding six months the company had undergone multiple on-site inspections and reviews by the Bureau of Industry and Security of the U.S. Commerce Department, Malaysia’s Ministry of Investment, Trade and Industry, and NVIDIA, and that these investigations confirmed that “there has been no evidence of any violations concerning the illicit transfer of chips or any illegal activities”; it adds, “we do not rule out pursuing legal action.” As of November 11, 2026, the statement was still displayed on the home page.⁠[12]

On March 20, 2026, Senator Tom Cotton and Representative Bill Huizenga wrote to Commerce Secretary Howard Lutnick asking the department to begin applying some of the measures of the Chip Security Act, a bill. Referring in a footnote to the Bloomberg article, the letter says that Megaspeed “imported over $4.6 billion worth of Nvidia hardware” and “is now under investigation for potential violations of U.S. export controls.”⁠[13]

A Bloomberg article of April 8, 2026, drawing on people familiar with the matter who asked not to be identified, states that Bridge Data Centres (BDC), owned by Bain Capital, had replaced Megaspeed International Pte Ltd with the cloud provider Zenlayer at its Malaysian computing hub; the people based this on a letter that BDC sent to its lenders in February, which said that all 68.4 MW of capacity earmarked for Megaspeed had been taken over by Zenlayer and gave no reason for the switch. The article states that the change followed a U.S. government probe into Megaspeed’s ownership structure and into whether it had smuggled advanced NVIDIA AI chips to China in violation of American export restrictions.⁠[14]

The article also states that NVIDIA performed spot checks across Megaspeed’s Southeast Asian footprint several times in 2025 and said in December 2025 that it would do so again “in the near future”; NVIDIA declined to comment on whether it was aware of the change at BDC, and Megaspeed did not respond to a request for comment.⁠[14]

On May 13, 2026, Culper ResearchCulper ResearchCulper Research is an activist short-selling research firm that publishes investigative reports on listed companies and discloses in them that it holds short positions in the companies’ shares, which profit when the share price falls. Its targets have included LifeMD, SoundHound AI, Acadia Pharmaceuticals, Kaspi.kz, AppLovin, Gorilla Technology, Archer Aviation, Tecnoglass and NVIDIA; several of the companies named have publicly rejected its claims, and LifeMD, Gorilla Technology, Tecnoglass and investors named in its AppLovin report have sued it and its founder, Christian Lamarco, for defamation. Its report on NVIDIA of May 13, 2026, wrote about Jensen Huang’s dealings with Megaspeed and Alice Huang and drew renewed media attention in November 2026.Open the full entry, a short seller based in New York City, published a 40-page report on NVIDIA written by Christian LamarcoChristian LamarcoChristian Lamarco is a short seller and the founder of Culper Research, which publishes research reports on listed companies and discloses short positions in their shares; several companies and investors named in its reports have sued him for defamation.Open the full entry of Culper Research; Fox Business’s article of November 10, 2026, gives the report’s title as “NVIDIA (NVDA): The China Problem.” In the report Culper Research disclosed that it had bet against NVIDIA’s stock, that is, that it held a short position, which yields a profit when the shares decline. CBS NewsCBS NewsCBS News is the news organization of the U.S. CBS system, part of Paramount, providing news coverage through television, the web and streaming. Its history extends from radio newsgathering to television and digital platforms; its signature programs include CBS Evening News, 60 Minutes and Face the Nation, and CBS News 24/7 is its streaming news service.Open the full entry’s article of November 11, 2026, calls the actions of Megaspeed key to Christian Lamarco’s investigation and states that the report drew on interviews with employees of Chinese companies, Singaporean and Malaysian corporate filings, and social media posts that appeared to show Jensen HuangJensen HuangJensen Huang is the co-founder, president, and CEO of NVIDIA and has served on its board since the company was founded in 1993. He has a background in electrical engineering education and the semiconductor industry, and under his leadership NVIDIA’s business expanded from graphics chips to GPU general-purpose computing, artificial intelligence, and data center computing platforms.Open the full entry and Alice Huang socializing together at various events. The article also states that NVIDIA’s stock was trading at $225.83 per share when the report was published and that between that date and the close of trading on Tuesday, November 10, 2026, the shares lost 25% of their value.⁠[15][16]

CBS News relays the report as noting that Megaspeed had “relatively few assets at year-end 2023” but within a year spent $2.9 billion to purchase NVIDIA-powered servers, and as stating that Megaspeed and its Malaysian affiliate, Speedmatrix, together purchased $4.8 billion of NVIDIA’s advanced AI equipment and processors over the last three years; it quotes Culper Research as stating, “Megaspeed went from very little business to billions in a rapid time frame.” Fox Business relays the report as noting that NVIDIA has vouched for Megaspeed.⁠[15][16]

CBS News relays the report as stating that Jensen Huang appeared to have an “uncomfortably close relationship” with Alice Huang. Fox Business quotes Culper Research as writing that Jensen Huang “has not only vouched for Megaspeed, but seems to have quite literally walked alongside Megaspeed at every step, while maintaining an uncomfortably close relationship with Megaspeed’s Alice Huang.” CBS News states that the report did not directly refer to a romantic relationship between the two but included several photos and video stills showing them together at various events; Fox Business states that the report “didn’t directly suggest an affair” and that it noted they were seen together in June 2024 and May 2025.⁠[15][16]

CBS News quotes a social media thread that Culper Research posted on May 13, 2026: “Nvidia claims its China business went to ‘zero’ after April 2025 U.S. trade restrictions,” and “We believe that in reality, over 20% of Nvidia’s FY 2026 compute revenues remained driven by China via illegal GPU diversion and Southeast Asian intermediaries.” Fox Business relays the report as stating that Chinese firms are still accessing NVIDIA’s advanced chips through diversion from other buyers in Southeast Asia, and states that Culper Research said it was short on NVIDIA because of the company’s close ties to China.⁠[15][16]

CBS News’s article of November 11, 2026, states that NVIDIA “didn’t immediately respond to a request for comment” and that Christian Lamarco did not immediately respond to requests for comment either. It quotes a remark by Culper Research of November 5, 2026, “We wrote about this in May,” and a remark by Christian Lamarco in a recent interview with The New York Times: “Everyone was just mocking us, and now everyone is singing our praises.”⁠[15]

On October 29, 2026, The New York Times published an article on the relationship between Jensen Huang, the chief executive of NVIDIA, and Alice Huang. An Associated PressAssociated PressThe Associated Press is a cooperative news agency headquartered in New York City. Founded in 1846, it is the oldest and largest news agency in the United States.Open the full entry dispatch of November 9, 2026, relays the article as stating that U.S. intelligence agencies had discovered that Jensen Huang “had developed a close relationship with Alice Huang” and had “determined that she was feeding information directly to Beijing”; ABCABCABC (American Broadcasting Company) is an American commercial broadcast television network. It grew out of NBC’s Blue radio network, took its name after becoming independent in 1943, developed into a national television network after merging with United Paramount Theatres in 1953, was acquired by Capital Cities in 1985, and has been owned by The Walt Disney Company since 1996. With CBS and NBC it is one of the three traditional U.S. broadcast networks, and it is one of the five networks that rotate in the White House television pool.Open the full entry News’s article of October 30, 2026, relaying the same content, has “U.S. intelligence officials allegedly determined.” The Associated Press dispatch calls Alice Huang “a top executive” of Megaspeed, a Singapore-based data-center company, and Reuters’s dispatch calls her “a former executive” of the company; the Associated Press dispatch states, as information from the newspaper, that she and Jensen Huang are not related.⁠[17][18][19]

Bloomberg’s article of October 30, 2026, states that in an interview on October 29 Jensen Huang said that NVIDIA’s dealings with Megaspeed International were “normal and not unusual,” that she was no longer with Megaspeed, and that he had not been informed by the U.S. government of its suspicions about her. An NVIDIA spokesperson responded in a statement that Jensen Huang “talks with thousands of customer executives every year,” that “Jensen’s interactions with Ms. Huang are not unusual or unexpected,” and that “Meetings with customers are part of a CEO’s job.” ABC News’s article states, “Neither Alice Huang nor her employer, Megaspeed International, responded to ABC News’ request for comment.” On October 30, asked about the article at a regular press conference, Chinese Foreign Ministry spokesperson Guo Jiakun said, “Relevant report is unsubstantiated.”⁠[20][17][19][21]

In the same interview Jensen Huang said of NVIDIA’s checks on whether Megaspeed had illegally sent AI processors to China, “We’ve studied all their deployments of our GPUs and counted every one,” and “And I think the US government also has as well.” The Bloomberg article describes Megaspeed as one of a group of companies that, in the accounts of Bloomberg News and others, may have tried to illegally divert into China shipments of chips intended for data centres elsewhere. The Associated Press dispatch relays The New York Times as stating that Megaspeed “bought more than $4.8 billion worth of Nvidia chips over the past two years,” and says that it has become “one of Nvidia’s biggest customers in Southeast Asia”; Reuters’s dispatch states that U.S. authorities have scrutinized Megaspeed over suspicions that it “helped Beijing gain access to advanced AI chips.”⁠[20][18][19]

On October 31, 2026, Singapore’s Ministry of Home Affairs issued a statement about an article that The Wall Street JournalThe Wall Street JournalThe Wall Street Journal is a U.S. news publication founded in 1889, with a focus on business, finance and economics. It is published by Dow Jones, part of News Corp.Open the full entry had published on October 30; as AFP relays it, the article stated that officials in the United States, Taiwan and Singapore “have grown concerned” about the ties between Jensen Huang and Alice Huang, and the ministry’s statement says, “neither the Singapore Government nor its officials said this,” and “there were no such investigations conducted in respect of Alice Huang.” The statement reproduces the newspaper’s query and the police reply of October 30, of which it says that “nothing was said about Alice Huang or any concerns or investigations.”⁠[22][23]

On November 4, 2026, the chairmen of three committees of the U.S. House of Representatives — Brian J. Mast of the Committee on Foreign Affairs, John Moolenaar of the Select Committee on the CCP and Eric A. “Rick” Crawford of the Permanent Select Committee on Intelligence — wrote to Jensen Huang requesting a joint, closed-door briefing of the three committees on “NVIDIA’s security protocols against foreign adversary espionage.” The other subject the letter lists is his interactions with “Megaspeed executive Alice Huang,” to whom it applies the term “People’s Republic of China (PRC) intelligence asset,” presenting it as a description made in public reports.⁠[24]

On October 30, 2026, The Wall Street Journal published an article headed “Chinese Executive Close to Nvidia CEO Suspected of Giving China Information.” The newspaper had asked Singapore’s embassy about the scope and status of Singapore’s investigation into Megaspeed and its affiliated companies, and on October 30 the Singapore Police Force replied, “Investigations into Megaspeed are ongoing. We are unable to comment further at this juncture.” The reply adds that “Singapore does not implement unilateral export controls imposed by foreign jurisdictions” and that it “does not condone businesses deliberately using their association with Singapore to circumvent or violate other countries’ export controls.” On the same day the police force, answering queries from CNA, likewise said that investigations were still ongoing.⁠[23][25]

An AFP dispatch of November 2, 2026, says that on October 30 AFP called the telephone number listed on Megaspeed’s website and that the person who answered said they were unfamiliar with the company and that the number was a residential line.⁠[22]

A Fortune article of November 8, 2026, states that the United States investigated Megaspeed in 2025 for allegedly helping to smuggle restricted AI chips into China, “which the company has denied,” and that representatives of NVIDIA and Megaspeed “didn’t immediately respond to requests for comment.” A second Associated Press article, of November 9, 2026, says that Megaspeed’s website “prominently touts its partnership with Nvidia” and that the company maintained in December 2025 that there was “no evidence” that it had illicitly shipped advanced NVIDIA chips into China.⁠[26][27]

At a routine briefing on November 9, 2026, Chinese Foreign Ministry spokesperson Guo Jiakun said, “The so-called Chinese spy allegation is unsubstantiated. It is nothing but smears against China.”⁠[27]

On November 10, 2026, the Financial TimesFinancial TimesThe Financial Times (FT) is a London-based English-language business and financial news organization, known for its salmon-pink newspaper and its motto “Without Fear and Without Favour.” It was owned successively by the British Pearson group and Japan’s Nikkei Inc., and today digital subscriptions are its main source of revenue.Open the full entry published an article headed “US commerce department delays Megaspeed’s inclusion on trade blacklist.” A Reuters dispatch carried by CNA on November 11, 2026, relays it as stating that several U.S. government agencies had pushed for Megaspeed to be placed on the entity list, a U.S. trade blacklist, but that the Commerce Department was delaying efforts to blacklist the company; that the department had sought more information about some companies under consideration; and that it was unclear whether Megaspeed was among them, though the delay had left it off the list. The Reuters dispatch states that the Commerce Department and NVIDIA did not respond to requests for comment, that Megaspeed and other companies “were not immediately available for comment outside regular business hours,” and that Reuters could not independently verify the reports.⁠[28][3]

Another Reuters dispatch, of November 10, 2026, which sets out the company’s details from its business filings, states that Reuters could not immediately contact Swiftdata and that Megaspeed did not respond to a request for comment.⁠[2]

The Straits Times’s article of November 11, 2026, states that Swiftdata changed its registered address in April 2026 from an office building in Jurong East to Midview City and that, when its reporter visited on November 11, Swiftdata did not appear to be occupying the unit; an interior-design firm says that it has occupied the unit for more than four years, and a co-founder of that firm said, “I do not know Swiftdata, Megaspeed or any of their affiliates.” The article states that the newspaper was unable to get in touch with Swiftdata, that neither NVIDIA nor Megaspeed responded to its requests for comment, and that media personnel had been denied access to Megaspeed’s registered address in Collyer Quay.⁠[4]

A CNA reporter who went to Megaspeed’s office at Ocean Financial Centre at noon on the same day was stopped by the building’s staff, and Swiftdata’s registered address, visited that afternoon, appeared to be unoccupied.⁠[3]

The Straits Times’s article of November 11, 2026, states that Megaspeed is being probed in Singapore and the United States.⁠[4]

The company’s website, under the name MegaSpeed.Ai, presents it as a specialized cloud provider. The services it lists are GPU and CPU compute, managed Kubernetes, virtual servers, storage and networking, and its solutions menu lists VFX and rendering, machine learning and AI, an inference service and pixel streaming; the product menu lists NVIDIA GB200 NVL72 and NVIDIA HGX H100, and the site says that its HGX H100 infrastructure can scale to 16,384 H100 GPUs under a single InfiniBand fabric.⁠[12][29]

The site’s company page says that Megaspeed is an NCP (NVIDIA Cloud Partner) partner of NVIDIA in the Asia-Pacific region and “a core business partner of NVIDIA’s computing power cloud business in the Asia-Pacific region,” providing privatized, customized computing-power services that cover NVIDIA’s entire GPU product line to clients in the Asia-Pacific region; its partner page lists NVIDIA, Intel and Gigabyte.⁠[30][31]

The site’s data-center page describes two data centers, DC1 and DC2, giving the location of each only as “East South Asia” and the tier of DC1 as T3+. The main office listed on the site is at Ocean Financial Centre, Collyer Quay, Singapore; the footer of the home page also lists PT Megaspeed International Indonesia with an address in South Jakarta.⁠[32][12]

The primary business activity registered for the company with ACRA is hosting services by non-data centres as a cloud service provider, and its secondary activity is data analytics, processing, hosting and related activities. The AFP dispatch of November 9, 2026, says that the company rents out computing power to other companies to train and run AI and that on LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry it lists offices in Singapore, Malaysia and Indonesia, about two to 10 employees and 25 “associated members.” The Straits Times’s article of October 10, 2025, says that the company describes itself as a “premier business partner of Nvidia” and states on LinkedIn that its partnership with NVIDIA gives it “privileged access to cutting-edge products, services, and cloud computing capabilities.”⁠[4][7][1]

As of November 11, 2026, ACRA records show Swiftdata as the sole shareholder of Megaspeed, holding all of its 10 million shares; Tan Yong Pong is the sole director of both Megaspeed and Swiftdata and the sole shareholder of Swiftdata. The two companies have the same company secretary, and the director and the secretary are the only officers listed in the business filings of the two firms; Swiftdata gives the provision of hosting services by non-data centres as its principal activity.⁠[4][3][2]

The Straits Times’s article of October 10, 2025, states that the company’s corporate administration in recent years had been handled by a succession of Singapore-based professionals and that Ink Assurance was appointed its auditor in September 2025; a spokeswoman for Ink Assurance said that her company would support any authority’s investigation if needed.⁠[1]

Megaspeed: Official website: https://megaspeed.ai/ (opens in a new window).⁠[12]