Megaspeed Calls In Outside Lawyers

Megaspeed International has opened an internal investigation led by external legal counsel, while saying former executive Alice Huang left the Singapore-based cloud company on August 30, 2025, The Independent reported from an Associated Press account.

That is the concrete change: not another allegation, but a company under pressure deciding it now needs outside lawyers to look at itself. Megaspeed is a customer and cloud partner of Nvidia, and it has been under scrutiny over allegations that advanced Nvidia chips were diverted to Chinese companies despite U.S. export restrictions. In a statement, the company said it runs a “legitimate and lawful business” and described media claims about its operations and supply chain as unsupported by verifiable evidence. It did not answer specific accusations.

Megaspeed also said Huang “currently has no role with the company.” That matters because her status has been unusually slippery for a business handling politically sensitive hardware. Singapore authorities had identified her as Megaspeed’s then-chief executive, chairperson and a key controller when they investigated possible false declarations tied to server purchases. Authorities questioned her and withheld her passport, then concluded there was insufficient evidence she had committed a crime, though they suspected she had provided inaccurate information that downplayed her role.

Public filings and corporate gossip have not lined up neatly either, which is seldom a sign of administrative excellence. Megaspeed was incorporated in Singapore in 2015 as 7Road International and changed its name in March 2023 after its shares were transferred to a British Virgin Islands company. By November 2023, Huang was no longer listed as a director, and her shares had been moved to an entity owned by Singapore businessman Tan Yong Pong, also known as James Tan. But a May report by short seller Culper Research cited a Megaspeed employee saying Huang was still effectively in charge.

The scale of the business also changed fast enough to attract attention. Singapore corporate records, as cited by The Independent, show Megaspeed’s total assets jumped roughly 90-fold between the end of 2023 and 2024 to almost $3 billion. A balance sheet can grow quickly in cloud infrastructure. It can also grow quickly in places where regulators start asking impolite questions.

In a separate statement issued under Tan’s name, Megaspeed said it took U.S. export-control obligations “extremely seriously” and had cooperated with inspections by the U.S. Commerce Department’s Bureau of Industry and Security. The company now appears to be trying the oldest corporate damage-control move available: if the facts will not calm the room, hire people in suits to count them again.