Singapore company Megaspeed International, under international scrutiny over its purchases of advanced artificial intelligence (AI) chips from Nvidia, has issued a second statement. The company said it “is aware of recent media reports containing assertions about our business, supply chain and global operations that are not supported by verifiable evidence”.
In a statement on Sunday (15 November), Megaspeed said: “Megaspeed conducts legitimate and lawful business.” It added that it “designs and maintains its global operational and supply-chain control frameworks to comply with all applicable laws and regulatory regimes, including US export control requirements and local jurisdiction rules in every market where we operate”.
The company said it has retained external legal counsel to conduct a thorough internal investigation.
The statement also said: “Ms. Alice Huang officially left Megaspeed effective 30 August 2025 and currently has no role with the Company.” The company said it “does not comment on Ms. Huang’s personal and private matters.”
Alice Huang, a former Megaspeed International executive alleged to have had an extramarital affair with Nvidia chief executive Jensen Huang, was found by Singapore police to have provided false information during an earlier investigation to downplay her role at Megaspeed. She was given a stern warning on 26 February this year and barred from re-entering Singapore.
Singapore’s Ministry of Home Affairs said on 12 November that the Singapore Police Force and Singapore Customs had been investigating several companies, including Megaspeed, and their key officers since February last year over suspected false declarations when purchasing servers and other related offences.
The Ministry of Home Affairs said on 12 November that Alice Huang, a Hong Kong resident, was Megaspeed’s chief executive and chair, as well as one of its key controllers, when she was investigated last year.
According to reports, Megaspeed imported at least US$4.6 billion (about S$5.9 billion) worth of Nvidia hardware through affiliates in Malaysia and Indonesia between 2023 and November 2025.
US Treasury Secretary Scott Bessent said earlier that the authorities had for months supported placing Singapore-registered Megaspeed on a trade blacklist.
Megaspeed said: “We uphold a commitment to responsible, fact-based journalism. We stand ready to engage with journalists and provide factual clarifications supported by relevant documentation. We are reviewing the reporting and will communicate further with our stakeholders as appropriate.”
