Megaspeed International stated on Sunday that suspected Chinese intelligence asset Alice Huang left the Singapore-based cloud computing company in August 2025, according to CBS News.
The announcement follows the resignation of Nvidia CEO Jensen Huang in November 2025, after reports revealed his romantic and professional ties to Alice Huang, who is no relation. U.S. intelligence officials allege that Alice Huang operated as an asset for China’s Ministry of State Security, utilizing industry connections and shell companies to route 240,000 restricted Nvidia AI processors into China, CBS News reported.
We spoke to @Reuters for their latest profile of Alice Huang, assessing that she may retain influence over Singapore-based Megaspeed International even after its shares moved (based on appearances where she was identified as its chair). Read 👇https://t.co/eKqjpDQMVa
“Ms. Alice Huang officially left Megaspeed effective August 30, 2025 and currently has no role with the Company,” Megaspeed said in an emailed statement to CNBC, adding that the firm “does not comment on Ms. Huang’s personal and private matters.”
Megaspeed denied allegations of illicit operations, stating that recent media reports concerning its business and supply chains lack verifiable evidence. The company retained external legal counsel to perform a thorough internal investigation, according to CNBC.
“Megaspeed designs and maintains its global operational and supply-chain control frameworks to comply with all applicable laws and regulatory regimes, including United States export control requirements and local jurisdiction rules in every market where we operate,” the firm said to CBS News.
Over the past three years, Megaspeed emerged as one of Nvidia’s largest foreign customers, purchasing nearly $5 billion in advanced hardware, The New York Times reported. Originally incorporated in 2015 as a gaming firm named 7Road International, the company rebranded to Megaspeed in early 2023 when Alice Huang joined it, according to reports.
Singaporean authorities seized Alice Huang’s passport in June 2025 while attempting to engage U.S. authorities regarding the chip-smuggling allegations, according to a source cited by CBS News. The Singapore Ministry of Home Affairs held her travel documents until February before releasing her with a warning over potential false declarations related to corporate filings, The Guardian reported.
President Trump confirmed that the FBI opened an investigation into the business and personal relationships surrounding the scandal. Meanwhile, Nvidia’s stock dropped approximately 30 percent from its all-time peak, erasing over $1 trillion in market capitalization following the executive departure, The New York Times reported.
Alice Huang officially left Megaspeed on August 30, 2025, and currently holds no role at the company, according to statements provided to CNBC.
U.S. investigators are reviewing the alleged diversion of 240,000 restricted artificial intelligence chips, including high-end processors that Washington bans from export to China to protect national security interests, CBS News reported.
Authorities in both the United States and Singapore are investigating Megaspeed over suspected breaches of domestic laws and export regulations, according to CBS News and The Guardian.
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