What we know so far about Nvidia partner Megaspeed’s Asia footprint

Key points

• Alice Huang, a Chinese executive identified by U.S. intelligence as recruited by China’s Ministry of State Security to gather information on Jensen Huang, is alleged to have used her relationship with the Nvidia CEO to solicit business for Megaspeed, contributing to a reported flow of Nvidia chips to Chinese firms.
• Megaspeed claims Nvidia Cloud Partner status in the Asia-Pacific and has advertised access to Nvidia systems, while its assets surged to about $3 billion in 2024 from $33 million a year earlier, with 2024 revenue of $294 million and a net loss of around $20 million.
• Singapore police opened an investigation into Megaspeed in October 2025 over suspected breaches of domestic law, as authorities and media outlets scrutinize links between Megaspeed, its Malaysian subsidiary Speedmatrix, and alleged Chinese financing channels.
• Speedmatrix and MSFusion in Malaysia are tied to a development in Iskandar Puteri, with Speedmatrix purchasing billions of ringgit worth of AI equipment and MSFusion planning large land acquisitions, highlighting the region-wide footprint linked to Megaspeed.
• U.S. trade officials and multiple national authorities conducted or announced reviews and inspections related to export-controls compliance, including visits by the U.S. Commerce Department and Malaysia’s investment authorities, with Megaspeed stating it operates within export-control regulations.
• Media reports connect Megaspeed to Shanghai Century Litong and mention Culper Research’s allegations of substantial Alibaba-linked funding through shell companies, though Megaspeed denies illegal transfers and officials in several jurisdictions have not confirmed investigations.
• Indonesian activity includes a Jakarta-based presence with cross-border trade, and customs data through mid-2026 shows multiple Nvidia-branded GPU shipments, underscoring ongoing exposure to high-end chips subject to U.S. licensing.