Singapore Investigation Into Megaspeed Continues After Severe Warning to Alice Huang
Key Facts
Singapore’s Ministry of Home Affairs said an investigation into Megaspeed International and six people was still ongoing, after police concluded in February 2026 that there was insufficient evidence to establish that Alice Huang had committed offenses related to the company’s declarations. The ministry said police issued Huang a stern warning and barred her from returning to Singapore after assessing that she had provided information she knew was inaccurate to downplay her role in the company. The investigation concerns suspicions over declarations about server purchases and shipping routes, while no final outcome has been announced in the ongoing investigation into Megaspeed and the six other people. Singapore police and customs opened a separate investigation in February 2025 involving companies and officials. The ministry stressed that Huang was not investigated for espionage and that the Singapore investigation was not launched at the request of another country or sovereign entity.
According to the Ministry of Home Affairs, police examined whether servers bought by companies under investigation had passed through Singapore to Malaysia without entering the Singapore market, then been redirected elsewhere contrary to the declarations filed. The ministry said the investigation considered the possibility of false statements about the servers’ purchase and final destination. It said none of the six other people had been in Singapore since the investigation began in February 2025. This matter is separate from the espionage suspicion; the ministry said Huang was not investigated on that basis. It also clarified that the investigation was not opened in response to a request from a foreign government or sovereign entity.
Alice Huang, also known as Huang Li, is a Chinese businesswoman who held senior positions at an investment firm in Shanghai before becoming the controlling shareholder of Megaspeed, a Singaporean cloud computing company, according to Reuters. NVIDIA listed Megaspeed as an official cloud computing partner in its directory, while the company describes itself as an NVIDIA business partner in the Asia-Pacific region. Reuters reported that shipping records it reviewed showed Megaspeed’s Indonesian subsidiary imported NVIDIA hardware between 2024 and 2026, including H100 processors. The H100 is an advanced processor subject to export restrictions to China. But Reuters stressed that shipments to Indonesia alone do not establish a violation of U.S. export controls.
Megaspeed said it had cooperated with inspections conducted by the U.S. Commerce Department’s Bureau of Industry and Security and was prepared to cooperate fully with any other relevant U.S. government agency. The company added that it had retained a U.S. law firm to conduct a comprehensive inventory of its graphics processing units and independently verify its export-control compliance practices. Megaspeed had been subject to U.S. scrutiny over suspicions that it helped Chinese companies obtain advanced NVIDIA chips subject to export restrictions. No public announcement has established that the company violated those restrictions. This matter remains separate from the allegation that Huang held stakes in companies that benefited Huawei; that allegation could not be verified in reliable open sources.
On ownership, Reuters reported that Megaspeed shares were transferred in late 2023 to Singaporean company SwiftData, which holds all 10 million ordinary shares. C4ADS was unable to identify SwiftData’s ultimate owner, Reuters reported. These details come as the company faces questions about its commercial ties to the AI chip sector and server routes. Reuters said it could not independently verify the allegation that Huang was a Chinese intelligence asset, while China denied it. NVIDIA announced that its board had launched an independent investigation into reports that its chief executive had been targeted by a foreign intelligence operation, and the board said it saw no reason to believe national security information or company secrets had been disclosed.
U.S. lawmakers sought answers from NVIDIA’s chief executive about his ties to Huang, including whether he knew of any alleged intelligence activity and whether sensitive information had been disclosed. Lawmakers said they still wanted a briefing from him after his resignation and had first requested the interview on 5 November 2026. The chairman of the Foreign Affairs Committee said a subpoena could be used to compel him to appear if necessary. In Singapore, the police investigation into Megaspeed and the six people remains ongoing, according to the Ministry of Home Affairs. The company also announced it would conduct an independent review of its GPU inventory and compliance practices, and said it was prepared to cooperate with U.S. authorities.