Nvidia scandal firm Megaspeed faces US scrutiny over China chip smuggling claims

Cloud computing firm Megaspeed faces fresh US scrutiny over suspicions it helped China access Nvidia's advanced AI chips, amid an investigation into Nvidia CEO Jensen Huang's affair with former Megaspeed director Alice Huang, whom US intelligence believes was a Chinese spy. Megaspeed, incorporated in 2015 and renamed in 2023, saw assets surge to $3 billion from $33 million and became one of Nvidia's biggest Asian customers, linking the US chipmaker to Chinese tech group Alibaba. Singapore police are investigating the firm alongside US authorities, though Megaspeed denies wrongdoing and says no evidence of illicit chip transfers exists. Alice Huang, a former Chinese finance executive, became Megaspeed's controlling shareholder in March 2023 but transferred her shares by November 2023, though reports suggest she remains involved. China calls the spy allegations "entirely groundless" and intended to smear the country.