Singapore’s Megaspeed International disclosed Sunday that Alice Huang, the company’s former chief executive, left the firm effective August 30, 2025. The announcement came alongside news that the firm has hired outside counsel to conduct a thorough internal investigation into its operations.
Background on the probe
Megaspeed, a cloud‑computing provider and Nvidia cloud partner, has been under intense scrutiny from U.S. authorities for alleged violations of export‑control rules that restrict the flow of advanced Nvidia chips to Chinese entities. The company previously asserted in December that it found “no evidence” of illicit chip transfers.
Singapore’s government launched its own inquiry in February 2025, probing possible false declarations related to server purchases. Authorities also questioned Huang and temporarily withheld her passport, later concluding there was insufficient evidence of criminal conduct, though they noted concerns about inaccurate information she may have provided.
Company’s response
In an emailed statement, Megaspeed emphasized that it operates a “legitimate and lawful business” and that media reports contain claims “that are not supported by verifiable evidence.” The firm added that it has retained external legal counsel to conduct a comprehensive internal review and will cooperate fully with the U.S. Commerce Department’s Bureau of Industry and Security and any other relevant U.S. agencies.
“Megaspeed does not comment on Ms. Huang’s personal and private matters,” the statement said, noting that she currently holds no role at the company.
U.S. government and presidential comments
U.S. Attorney General Todd Blanche said the Justice Department has not yet determined whether Huang acted as a Chinese spy. When asked about the allegation, President Donald Trump replied, “I don’t know if that’s been determined yet.” Beijing dismissed the accusations as unsubstantiated.
Corporate ownership and financial growth
Megaspeed began as the overseas arm of a Chinese video‑game developer, incorporated in Singapore in 2015 as 7Road International, and rebranded in March 2023 after its shares were transferred to Huang Le Limited, a British Virgin Islands entity. By November 2023, Huang was no longer listed as a director, and her shares were transferred to an entity owned by Singaporean businessman Tan Yong Pong (also known as James Tan).
Despite the controversy, Singapore corporate records show the company’s total assets surged roughly 90‑fold from the end of 2023 to 2024, reaching nearly $3 billion.
Industry implications
The investigation underscores ongoing concerns about the enforcement of U.S. export‑control laws on advanced semiconductor technology. As the U.S. seeks to limit China’s access to cutting‑edge chips, companies like Megaspeed find themselves at the intersection of global supply‑chain dynamics and national security policy.
Megaspeed’s cooperation with U.S. authorities and its internal review aim to demonstrate compliance and restore confidence among partners and regulators.
Original reporting: KTSA News/Talk (San Antonio) — read the source article.
