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The Singapore-based cloud operator, formerly a gaming company, is reportedly under US and Singaporean investigation over suspected diversion of Nvidia hardware
Megaspeed International, a Singapore-based AI cloud and data center operator, is facing scrutiny from both US and Singaporean authorities. Investigators are examining whether Nvidia chips it bought were diverted to China, a possible breach of US export controls.
From gaming studio to GPU heavyweight #
According to business filings cited by Reuters, Megaspeed was incorporated in 2015 under the name 7Road International. It changed its name to Megaspeed International in March 2023.
Between 2023 and late 2025, Megaspeed and its affiliates reportedly imported at least $4.6 billion in Nvidia hardware, including approximately 136,000 GPUs.
One shipment stands out. A November 2025 batch reportedly contained 17,544 GB300 processors, valued at around $787 million.
The company’s balance sheet grew at a similar clip. Its asset value reportedly rose from $33 million to $3 billion between 2023 and 2024.
How the investigation unfolded #
The probe reportedly gathered pace after Nvidia’s general counsel contacted the US Commerce Department in August 2025. That outreach is said to have helped move the inquiry from a civil matter to a criminal one.
Investigators have reportedly flagged discrepancies between customs records and Nvidia’s own audits.
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Megaspeed is also said to serve prominent Chinese clients, reportedly including Alibaba, through data centers in Southeast Asia.
Megaspeed, for its part, maintains its innocence. The company says it complies with the rules, and it has reportedly passed multiple inspections by US, Malaysian and Nvidia teams with no formal violations identified so far.
Singaporean authorities are conducting their own investigation, which remains ongoing. No charges against Megaspeed have been reported.
The Alice Huang thread #
The case has drawn outsized attention because of a former Megaspeed executive, Alice Huang. US officials have reportedly identified her as a potential Chinese intelligence asset, and reports have linked her to Nvidia CEO Jensen Huang.
These remain allegations. Nothing in the reported findings indicates that any person has been charged in connection with them.
What this means for Nvidia and the AI supply chain #
There is a counterpoint worth noting. Nvidia’s own general counsel reportedly raised the issue with Commerce, which positions the company as a whistleblower rather than a participant.
Congress is another stage to watch. The case could feed debates over whether current export rules adequately cover cloud access, where a Chinese customer rents computing power rather than taking delivery of the chips.
For now, the key checkpoints are the US criminal inquiry, Singapore’s parallel investigation, and whether the customs-audit discrepancies get explained or escalate. Megaspeed says it has done nothing wrong, and so far no inspection has found a formal violation. Disclosure: This article was edited by Diego Almada Lopez. For more information on how we create and review content, see our Editorial Policy.