Introduction
Megaspeed has finally spoken. The Singapore cloud company is at the center of the Nvidia scandal. On Sunday, November 15, it told CNBC that Alice Huang left the company last year. It also said it has hired outside lawyers to check the reports about its business. Megaspeed rents out computer power built on Nvidia chips. United States officials are asking a big question. Did powerful Nvidia chips reach China through Megaspeed, even though American rules ban such sales? The company says the reports about it are not backed by proof. Nothing has been proven in court.
What Happened
Megaspeed said Alice Huang “formally resigned from Megaspeed effective Aug. 30, 2025, and currently holds no role within the company.” Alice Huang was a senior executive at Megaspeed. She was also its controlling shareholder since March 2023, according to research group C4ADS. The company did not say whether she still owns shares in the firm. Megaspeed said it has “engaged external legal counsel to conduct a thorough internal investigation.” The probe will look at media reports about its business, supply chain and global operations. The company said those reports “are not supported by verifiable evidence.” It also said it runs a lawful business and follows export control rules.
Why It Happened
The story blew up after Jensen Huang resigned as Nvidia chief executive on November 12. Reports linked him to Alice Huang. United States intelligence officials believe Alice Huang is a Chinese intelligence asset, according to The New York Times. Beijing has denied that claim. The New York Times also reported that Megaspeed bought about $2 billion worth of Nvidia products in October 2025. United States authorities are checking whether that purchase broke export rules. It is still not clear whether the chips reached China. Singapore’s government said it started its own probe in February 2025. That probe covers possible false statements about server purchases. Singapore said it did not investigate Alice Huang for spying. In February 2026, Singapore said there was not enough proof that she committed the suspected offences.
Why It Matters
Megaspeed is a small company with a huge problem. If it moved banned chips to China, it could face serious penalties. If it did not, the suspicion alone hurts its business. Customers may walk away while the questions hang over it. The case also matters for Nvidia. Nvidia’s board hired the law firm Wachtell, Lipton, Rosen and Katz on November 10 to run an independent review. The board wants to know what happened and who knew what. The United States Attorney General, Todd Blanche, said on Thursday that the Justice Department has not decided whether Alice Huang is a Chinese spy. That shows how much is still unproven. Everyone is waiting for facts, not guesses.
What Happens Next
Megaspeed’s outside lawyers will now dig into the company’s records. The company said it will share what it finds with stakeholders when the review is done. It did not give a date. Nvidia’s board review is also still running, with no finish date given. Nvidia reports its quarterly results on Tuesday, November 17. Investors will listen for any word on the probe. The Justice Department’s inquiry into Megaspeed is also still open. Until the probes finish, the story will keep moving in small steps, one statement at a time.
Final Thoughts
Megaspeed’s statement answers one question and leaves many open. We now know Alice Huang left in August 2025. We still do not know whether any chips reached China. We do not know whether any rules were broken. The company’s own probe is a first step toward answers. For now, the smart move is to wait for proof. Claims about spying and smuggling are serious, and they need proof before anyone is judged.
Quick Questions
When did Alice Huang leave Megaspeed?
Megaspeed says Alice Huang formally left the company on August 30, 2025. She has no role there now, but the company did not say whether she still owns shares.
Why is Megaspeed under scrutiny?
United States authorities are checking whether powerful Nvidia chips reached China through Megaspeed, even though American export rules ban such sales. Megaspeed says the reports are not backed by proof.
What is Megaspeed doing about the reports?
Megaspeed has hired outside lawyers to run a thorough internal investigation. It says it will share the findings with stakeholders when the review is done.
Disclaimer: This article is for educational and informational purposes only and does not constitute financial advice.
Sources: CNBC https://www.cnbc.com/2026/11/15/megaspeed-alice-huang-probe-nvidia-scandal.html , Associated Press https://www.theheraldreview.com/business/article/megaspeed-says-alice-huang-left-in-2025-as-22531763.php , Seoul Economic Daily https://en.sedaily.com/world/2026/11/15/megaspeed-says-alice-huang-left-firm-in-august-2025