Singapore-based Megaspeed, the largest buyer of Nvidia chips in southeast Asia, was telling investors it had “no problem securing GPUs” and was courting Chinese tech giant Alibaba as a customer even while US officials were investigating the company over suspected chip smuggling, according to Bloomberg and the Financial Times.
The claims came from Alice Huang, also known as Huang Le, a Chinese citizen who served as a Megaspeed executive and is now at the center of a board investigation into Nvidia CEO Jensen Huang’s conduct. Huang Le is suspected of ties to China’s Ministry of State Security, and her relationship with the Nvidia chief has raised questions about whether he keeps his job.
Megaspeed rents out AI computing capacity to firms across Asia. US officials have long viewed southeast Asia’s computing market as a weak point in efforts to stop advanced Nvidia chips from reaching China in violation of export controls.
Last year, US officials asked Nvidia to audit its dealings with Megaspeed as part of that broader smuggling investigation. Nvidia initially told investigators its chip sales were all accurately recorded. But Bloomberg reported that Megaspeed had imported 50,000 more computer chips than Nvidia could account for at the company’s data centers.
Nvidia reportedly pledged in December 2025 to revisit Megaspeed’s data centers as part of an internal review. It is not clear whether that follow-up ever happened.
Records also show Megaspeed imported goods worth more than 1,000 times its cash on hand in 2023 — the same year it was admitted into Nvidia’s partnership program, which typically grants streamlined access to the company’s chips.
In early 2025, while seeking investment for a data center, Huang Le touted Alibaba as a customer and said her company had no trouble obtaining GPUs, the Financial Times reported.
A CEO pushing for looser export rules
Megaspeed’s dealings with Nvidia take on added weight because Jensen Huang has been one of the loudest voices urging the Trump administration to loosen export controls and make it easier to sell AI chips to China. Companies including Anthropic have warned that such a move would amount to a national security risk.
China’s foreign ministry has dismissed the spying allegations against Huang Le as “entirely based on groundless speculation—it’s nothing more than slander and smearing.”
Jensen Huang admitted Sunday to being unfaithful to his wife, days after reports surfaced that US officials were concerned about his “close relationship” with Huang Le. This spring, Secretary of State Marco Rubio reportedly oversaw a classified memo warning top Trump officials about that relationship.
“I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry,” Huang wrote in a memo to employees.
Huang Le previously worked as a television reporter at Chinese state media outlets CCTV and Hunan TV and reportedly speaks fluent English. Though she was only formally listed as a Megaspeed director from March 2023 to November 2023, the Wall Street Journal reported she was still introducing herself as a business partner of the company’s CEO as recently as August 2025.
Huang Le and Jensen Huang are believed to have met in early 2024 at an Nvidia event in California. A widely circulated photo shows the two together at a bar in Taipei after a trade show in June 2024. Their connection became public in May 2025, when they were photographed dining with a group of executives in Taiwan and later seen leaving in the same car.
