Singapore-based AI infrastructure company Megaspeed, which has recently come under renewed attention following reports about Nvidia CEO Jensen Huang’s admitted affair with one of its executives, continues to stand by a statement it first issued nearly 10 months ago denying allegations that it was involved in illegally transferring Nvidia chips to China. The statement, dated December 23, 2025, was released after a Bloomberg report raised questions about Megaspeed’s operations and suggested the company may have played a role in moving restricted AI chips into China. The company rejected the allegations, describing the report as containing “misleading information and incorrect insinuations.”
Megaspeed denies illegal chip transfers
In its official response, Megaspeed said there was “no evidence” that it had violated export-control rules or engaged in illicit transfers of advanced semiconductors. The company said it had undergone multiple on-site inspections and reviews over a six-month period by the US Commerce Department’s Bureau of Industry and Security (BIS), Malaysia’s Ministry of Investment, Trade and Industry, and Nvidia itself.“These thorough investigations have confirmed that there has been no evidence of any violations concerning the illicit transfer of chips or any illegal activities,” the company said in the statement.Megaspeed added that it operates in compliance with all applicable export-control regulations and maintains “the highest standards of legal and ethical conduct.”
Company threatened legal action
The Singapore-based firm also signalled that it could pursue legal remedies over the reporting.“Our company has always adhered to the law, and we take these accusations seriously. As such, we do not rule out pursuing legal action to protect our reputation and to hold Bloomberg accountable for the misleading nature of the article,” the statement said. The company concluded by thanking customers and partners for their support.
Renewed attention after reports involving Nvidia CEO
The New York Times reported on October 29 that US intelligence agencies believed Alice Huang, also known as Huang Le, a Chinese citizen and senior Megaspeed executive, was passing information to Beijing. She is not related to Jensen Huang. According to the report, surveillance of her as part of the chip-smuggling investigation revealed her close relationship with the Nvidia chief. The Commerce Department investigation, which began in late 2024, was later handed to the Justice Department, the Times reported. China’s embassy has called the allegations groundless smears.Nvidia opened an investigation into Jensen Huang on Sunday after he acknowledged to the company that he had been intimate with Alice Huang. The company said it has no reason to believe national security or Nvidia secrets were compromised. Nvidia has said claims that Megaspeed diverted chips to China were “thoroughly investigated and debunked last year.” Singapore’s Ministry of Home Affairs said Alice Huang was not investigated over alleged ties to China, though authorities there have confirmed a domestic investigation into Megaspeed over corporate fraud and supplier misrepresentation, according to WION.
Read Megaspeed’s official statement here
We are aware of the recent article published by Bloomberg which has raised concerns regarding our operations. We would like to clarify that the article contains misleading information and incorrect insinuations, including suggestions that we may have been involved in illegal chip transfers.We want to be absolutely clear: over the past six months, our company has undergone multiple on-site inspections and reviews by key institutions, including the Bureau of Industry and Security of the U.S. Commerce Department, the Ministry of Investment, Trade and Industry of Malaysia, and NVIDIA. These thorough investigations have confirmed that there has been no evidence of any violations concerning the illicit transfer of chips or any illegal activities, and this demonstrates that we are a compliant and legitimate company. We operate fully within the bounds of all applicable export control regulations and maintain the highest standards of legal and ethical conduct.Our company has always adhered to the law, and we take these accusations seriously. As such, we do not rule out pursuing legal action to protect our reputation and to hold Bloomberg accountable for the misleading nature of the article.We appreciate the continued trust and support from our clients and partners.Megaspeed December 23, 2025