Megaspeed International, a Singapore-based cloud computing company, is facing scrutiny over suspicions that it facilitated billions of dollars in restricted Nvidia chip shipments to China. Its former managing director, Alice Huang, was identified by U.S. intelligence as having been recruited by China’s Ministry of State Security to gather information on Nvidia CEO Jensen Huang. The Information reported that her relationship with Huang helped facilitate at least $7.5 billion in chip shipments to Chinese companies, although CNBC could not independently verify the report. In 2024, Megaspeed reported $294 million in revenue, about $3 billion in assets and a loss of approximately $20 million, before investigations were opened in Singapore and Malaysia. Megaspeed denies illegally transferring chips to China and says inspections by U.S., Malaysian and Nvidia officials found no evidence of violations.
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