Key facts
- Megaspeed is wholly owned by Singapore-registered Swiftdata, incorporated in October 2023, its business filings showed.
- Megaspeed's assets rose to $3 billion in 2024 from $33 million in 2023, its business filings showed.
- Megaspeed reported an after-tax loss of $20 million in 2024 on revenue of $294 million.
- Singapore police said in October 2025 they were investigating Megaspeed over suspected breaches of domestic laws.
- Singapore's home affairs ministry said no such investigations were conducted in respect of Alice Huang.
- Megaspeed says on its website it is an Nvidia Cloud Partner offering GB200 NVL72 and HGX H100 systems.
Singapore-based cloud computing firm Megaspeed, an Nvidia customer, faces renewed scrutiny as the United States looks into Nvidia CEO Jensen Huang's affair with Chinese businesswoman Alice Huang, alleged to be a spy for Beijing, Reuters reported on November 10, 2026. Megaspeed did not respond to a request for comment, and Reuters said it could not immediately contact Swiftdata, its owner.
Megaspeed was incorporated in 2015 as 7Road International and changed its name to Megaspeed International in March 2023, its business filings showed. It is wholly owned by Singapore-registered Swiftdata, incorporated in October 2023, which lists providing hosting services by non-data centers as its principal activity.
Two Singapore citizens are listed as officers of both companies. Tan Yong Peng was appointed a director of Swiftdata on October 31, 2023, before becoming a director of Megaspeed less than two weeks later. The same month, Huang Le, Alice Huang's Chinese name, ended an eight-month tenure as managing director of Megaspeed, media said. Swiftdata also shares an address with Ng Wei Shi Khloe, listed as company secretary of both firms.
Megaspeed has faced US scrutiny over suspicions that it helped Beijing gain access to Nvidia's advanced AI chips whose export to China is restricted. On its website, it says it is an Nvidia Cloud Partner in the Asia-Pacific region and offers access to the company's GB200 NVL72 and HGX H100 systems.
Megaspeed's assets increased to $3 billion in 2024 from $33 million in 2023, its business filings showed. It reported an after-tax loss of $20 million in 2024, versus a loss of $21,283 a year earlier, while revenue rose to $294 million from zero. Its cashflow statement showed $844,555 went to investing activities in 2024, after financing activities brought in cash of $10 million the previous year.
In October 2025, Singapore police said they were investigating Megaspeed over "suspected breaches of our domestic laws" after a US senator requested the Commerce Department to investigate whether Megaspeed had diverted Nvidia chips. Last month, the home affairs ministry responded to remarks in the Wall Street Journal that Singapore was concerned about Alice Huang's ties to Jensen Huang, with authorities separately investigating her alleged links to Chinese intelligence. "We would like to make clear that neither the Singapore Government nor its officials said this. And there were no such investigations conducted in respect of Alice Huang," it said, while adding that investigations into Megaspeed continue.
Singapore has said it does not enforce "unilateral export controls imposed by other countries," but it acts "firmly against companies and individuals who violate our laws and are engaged in fraudulent and dishonest practices." It is investigating four other individuals charged with chip fraud in an unrelated case.