Alibaba-backed Megaspeed buys $4 billion in Nvidia chips from Singapore base

Singapore-based Megaspeed International, reportedly backed by Alibaba, purchased over $4 billion worth of Nvidia chips. Its Chinese business connections and alleged links to restricted US technology have raised questions about cross-border investments and semiconductor oversight. Megaspeed, incorporated in 2015 as a video game developer, transformed into a cloud computing and data-centre provider, becoming one of Asia's largest Nvidia buyers. Singapore records show Alibaba funding, though investment size and control details remain unspecified. The company denies wrongdoing, calling itself compliant and legal. US intelligence officials reportedly suspect Alice Huang, a former Megaspeed director linked to Nvidia's ex-CEO, of gathering information for Chinese intelligence, though allegations are unproven. Nvidia says no corporate or national-security secrets were compromised. Regulators face challenges monitoring ultimate chip users across jurisdictions.