Megaspeed International, a Singapore-based firm is under investigation by U.S. and local authorities for alleged chip-smuggling. Its registered addresses appear vacant or belong to unrelated businesses.
The firm grew from a gaming company into a major buyer of Nvidia hardware. This growth has drawn scrutiny from regulators.
Megaspeed Uses Empty Offices
In Australia, the company’s subsidiary, Megaspeed Australia, lists its address on the 10th floor of a Sydney commercial tower. This tower houses more than 40 other businesses.
The subsidiary’s director is Kai Kang, a 29-year-old man. His father told ABC News his son worked at a newsstand in a small rural town in Northern Victoria. This town is over 400 miles from Sydney.
The father said he had never heard of Megaspeed. He was unaware his store was being used as his son’s listed address.
The Company Grew Rapidly
Megaspeed was incorporated as 7Road International. It began as a subsidiary of a China-based gaming firm.
Huang Le Limited acquired the company in March 2023. This shell company was named after Alice Huang. The firm rebranded as Megaspeed International at that time.
The firm became a wholly-owned subsidiary of Swiftdata by November 2023.
“once-obscure spinoff of a Chinese gaming enterprise has evolved into the single largest South-east Asian buyer of Nvidia chips” Bloomberg reported of Megaspeed and its affiliates which imported at least US$4.6 billion in Nvidia hardware between its 2023 founding and November 2025. This happened between its 2023 founding and November 2025, according to Bloomberg.
Financial records from the Accounting and Corporate Regulatory Authority (ACRA) show a massive surge in assets. Total assets rose from US$32.9 million in 2023 to almost US$3 billion in 2024. This is a 90-fold increase.
Authorities Probe Chip Transfers
American authorities are looking into Alice Huang. She was the managing director at Megaspeed between March and November 2023.
Investigators want to know if she used corporate networks and front companies to acquire 240,000 Nvidia chips. These chips are prohibited from being exported to China.
Singapore police confirmed they were investigating the company in October 2025. They are looking for suspected breaches of domestic laws.
The company posted a statement on its website regarding the allegations. It called the claims “misleading information” and “incorrect insinuations” about illegal chip transfers.
The firm said it underwent reviews by Nvidia. It also underwent reviews by the Malaysian Ministry of Investment, Trade and Industry and the Commerce Department’s Bureau of Industry and Security.
The company said it hired a leading U.S. law firm. This firm will independently verify its export control compliance practices.
Nvidia Faces Legal Challenges
Jensen Huang admitted to the affair in a statement to Nvidia employees on Nov 8. China’s foreign ministry denied the allegations against Alice Huang. They called them “unsubstantiated” and “smears against China.”