--- title: Alice Huang Helped Build Megaspeed Into One of Nvidia's Largest Buyers in Southeast Asia description: Megaspeed's assets grew from $33 million to about $3 billion in a year. What is on the record about Alice Huang, who helped set it up, and what is not known. author: Darie Nani (Editor-in-Chief) date: 2026-11-10T13:39:08.547Z updated: 2026-11-10T13:39:08.561Z canonical: https://www.sovereignmagazine.com/article/who-is-alice-huang-megaspeed image: https://cdn.nanimediahouse.com/megaspeed-homepage-screenshot.webp categories: Artificial Intelligence content_type: News region: Singapore, United States publication: Sovereign Magazine about: - type: Organization name: Nvidia - type: Organization name: Megaspeed description: Megaspeed is a Singapore-based AI computing company and Nvidia customer that took its current name in 2023, when the Chinese gaming and cloud company 7Road split off its overseas operation. industry: Cloud computing --- Alice Huang helped set up Megaspeed in 2023, and the Singapore company has since become the largest buyer of Nvidia chips in Southeast Asia, according to Bloomberg, which describes her as its founder. A classified US memo identifies Alice Huang, a Chinese citizen also known as Huang Le, as a recruit of China's Ministry of State Security, the New York Times has reported, and the Financial Times reported that the memo describes her relationship with Nvidia's chief executive, Jensen Huang, as romantic. On 8 November Jensen Huang admitted in a message to Nvidia staff that he had been unfaithful, without naming the woman, and Nvidia's board [is investigating](https://www.sovereignmagazine.com/article/nvidia-jensen-huang-investigation) whether a foreign intelligence service had targeted him. China's foreign ministry calls the allegation a smear. Alice Huang has not been charged in any country, and she has not responded to the reports. ## Alice Huang Was Megaspeed's Managing Director for Eight Months in 2023 Megaspeed was incorporated in Singapore in 2015 as 7Road International and took its current name in March 2023. Bloomberg has reported that the company was spun out of the Chinese game company 7Road that year, months after the Biden administration's curbs on chip exports. According to Singapore corporate records, Alice Huang was a director of Megaspeed International from March to November 2023. She also spent eight months as its managing director. She had resigned as a director by 10 November 2023 but carried on acting as one of the company's leaders, The Wall Street Journal has reported, and as recently as August 2025 she introduced herself to a business partner as Megaspeed's chief executive. In October 2025, Senator Tom Cotton asked the US Department of Commerce to investigate Megaspeed in a letter in which he named the company's chief executive as "James Tan, a Singaporean national residing in Shanghai." Alice Huang's current role at Megaspeed is unclear. One person familiar with the company has said she "had become less active", the Times reported, and Culper Research, a short seller, said in May 2026 that she had not left. ## Megaspeed Reported Assets of About $3 Billion for 2024, Up from $33 Million a Year Earlier Megaspeed joined Nvidia's partner program in November 2023, and it advertises itself as "a core business partner of Nvidia's computing power cloud business in the Asia-Pacific region." According to Singapore filings, the company reported assets of about $3 billion for 2024, against $33 million for 2023. It reported revenue of $294 million for 2024, having had none in 2023, and an after-tax loss of $20 million. It is wholly owned by Swiftdata, a Singapore-registered company incorporated in October 2023. Between June 2024 and February 2026, Megaspeed's sister company in Malaysia bought at least $4.8 billion worth of AI equipment containing Nvidia chips. Megaspeed rents computing power to Chinese customers, which is legal, and Alibaba is one of them. Alibaba has also lent money to Megaspeed through subsidiaries, according to documents cited by the Financial Times. Nvidia says Megaspeed has no Chinese shareholders and is owned and run by a company based outside China. The Department of Commerce began investigating Megaspeed in late 2024, and the case [is now a Justice Department criminal inquiry](https://www.sovereignmagazine.com/article/commerce-department-megaspeed-lutnick). In Malaysia, the trade minister said on 10 November that no investigation had been opened into Speedmatrix, Megaspeed's Malaysian unit, and that no evidence of a breach of Malaysian law had been received. Megaspeed said in December 2025 that reporting about it "contains misleading information and incorrect insinuations", and that no evidence of illicit chip transfers was found when Nvidia, Malaysia's trade ministry and the department's Bureau of Industry and Security inspected it. In the same statement, which is still on its website, Megaspeed called itself "a compliant and legitimate company" and said, "we do not rule out pursuing legal action to protect our reputation and to hold Bloomberg accountable." ## Alice Huang and Jensen Huang Met in California and Taipei Between Early 2024 and May 2025 Alice Huang met Jensen Huang at an Nvidia event in California in early 2024, where she was representing Megaspeed, the Journal has reported, although it is not clear when the two first met. In June 2024, during the Computex trade show in Taipei, the two appeared with other executives in photos later posted on LinkedIn. In September 2024 they were pictured together at the CordeValle golf resort in California, in a photo shared on WeChat. On 22 May 2025, again during Computex, Jensen Huang hosted a dinner in Taipei, and Alice Huang appears among the guests in a video of the evening. > "Jensen's interactions with Ms. Huang are not unusual or unexpected." > — John Rizzo, Nvidia spokesman John Rizzo, an Nvidia spokesman, has said that customers such as Megaspeed receive "ordinary business information" and not "sensitive Nvidia trade secrets." Nvidia said in October that "Jensen talks with thousands of customer executives every year", and Jensen Huang has called the interactions "all completely normal and not unusual." ## Alice Huang Has Not Been Charged in Any Country No country has charged Alice Huang with any offense. According to the Times report of 29 October, US officials concluded that she is a Chinese intelligence asset after keeping her under electronic surveillance for at least a year, and the White House, the CIA, the National Security Agency and the State Department declined to comment. The paper reported on 6 and 8 November that she is described in a classified memo, drafted in spring 2026 under the oversight of Secretary of State Marco Rubio, as having been recruited by China's Ministry of State Security, and that the memo was circulated to officials before President Donald Trump's trip to China in May. According to the Times, the aim of recruiting her was to gather intelligence on Jensen Huang and on US AI chips, and possibly to influence Nvidia to push for its most advanced chips to be sold in China. China's foreign ministry spokesman, Guo Jiakun, described the allegation on 9 November as unsubstantiated and "nothing but smears against China." The Chinese embassy has called the reports "groundless smears and slanders." Megaspeed's current leadership says it takes the matter "extremely seriously and is committed to getting to the facts behind these allegations." It has brought in outside lawyers for an internal investigation and is cooperating with the US government. ## Singapore's Government Says It Did Not Investigate Alice Huang's Ties to China The Journal reported on 30 October, citing sources, that Singapore officials had been concerned about Alice Huang's close ties to Jensen Huang, or about her being an alleged Chinese intelligence source, and had separately investigated her ties to China. In [a statement the next day](https://www.mha.gov.sg/media-room/newsroom/clarification-statement-on-wall-street-journals-article/), Singapore's Ministry of Home Affairs said that "neither the Singapore Government nor its officials said this. And there were no such investigations conducted in respect of Alice Huang." The Times and the Journal have reported that Singaporean authorities questioned Alice Huang in 2025 and then released her. Bloomberg has reported that she was questioned and barred from leaving the country. Singapore's police said on 30 October that "investigations into Megaspeed are ongoing", adding that Singapore does not implement unilateral export controls imposed by foreign jurisdictions but acts firmly against companies and individuals that break its own laws. Megaspeed has said that Singapore's investigation concluded with no adverse action. ## Alice Huang Has Made No Public Statement or Appearance Since 2025 No statement from Alice Huang or a lawyer acting for her has been published, and she did not respond to the Times's requests for comment. She has made no public statement or appearance since 2025, and Bloomberg has reported that her whereabouts are unknown. The classified memo has not been published, and it has not been shown publicly what, if anything, Alice Huang gathered or passed on, whether Jensen Huang knew of any intelligence role, or whether she influenced Nvidia or US policy. Her formal titles since November 2023 have not been made public, nor has the identity of Megaspeed's ultimate owner, and it is not known whether she still has a role or a stake in the company. Three House committee chairs want Jensen Huang to brief them in private on 18 November about his contact with her. ## FAQ **Q: Is Alice Huang related to Jensen Huang?** No. Alice Huang, a Chinese citizen also known as Huang Le, shares a surname with Nvidia's Taiwanese-born chief executive but is not related to him. She met him at an Nvidia event in California in early 2024 while representing Megaspeed, an Nvidia customer, and the two were later pictured together in Taipei and California. Nvidia says Jensen Huang talks with thousands of customer executives every year and that his interactions with her were not unusual. **Q: Who owns Megaspeed?** According to Singapore filings, Megaspeed is wholly owned by Swiftdata, a company registered in Singapore and incorporated in October 2023. Who ultimately owns Megaspeed has not been made public. The company was spun out of the Chinese game company 7Road in 2023, and Nvidia says Megaspeed has no Chinese shareholders. Whether Alice Huang still holds a role or a stake in the company is not known. **Q: What does Megaspeed do?** Megaspeed buys Nvidia chips and rents out the computing power, including to Chinese customers such as Alibaba, which is legal. It joined Nvidia's partner program in November 2023 and describes itself as a core partner of Nvidia's cloud computing business in the Asia-Pacific region. Between June 2024 and February 2026, its sister company in Malaysia bought at least $4.8 billion worth of AI equipment containing Nvidia chips, and Bloomberg has reported that Megaspeed is the largest Nvidia buyer in Southeast Asia.