Singapore firm Megaspeed International faces intensifying scrutiny after US authorities launched an investigation into the potential diversion of advanced artificial intelligence hardware to China.
The company operated from a registered address at Midview City that an interior design firm says it has occupied for more than four years, The Straits Times reported.
Swiftdata, the parent company of Megaspeed, changed its registered address to the Midview City unit in April. Tenants and the co-founder of the design firm stated they had never heard of Swiftdata or Megaspeed.
Megaspeed imported at least US$4.6 billion worth of Nvidia hardware between its founding in 2023 and November 2025, according to Bloomberg data cited by The Straits Times.
Corporate Structure and Financial Surges
Megaspeed lists Tan Yong Pong as its sole director, alongside Khloe Ng Wei Shi as corporate secretary. ACRA records show that Swiftdata shares the same officers and corporate secretary connections.
Financial records filed with ACRA show Megaspeed’s total assets surged from US$32.9 million in 2023 to almost US$3 billion in 2024. Revenue rose from near zero to US$294.3 million over the same period.
The firm describes itself on its website as an Nvidia Cloud Partner. Jensen Huang stated in an interview on Oct 29 that Nvidia’s dealings with Megaspeed were normal and that the company had checked to ensure processors were not sent illegally to China.
Authorities investigate Megaspeed amid executive ties
The firm drew broader attention when reports emerged regarding Jensen Huang’s close ties to Alice Huang, a former Megaspeed executive also known as Huang Le. Jensen Huang admitted to having an affair with her on Nov 8, according to The Straits Times.
Alice Huang served as managing director of Megaspeed from March to November 2023. Singapore police confirmed in October 2025 that they were investigating Megaspeed over suspected breaches of domestic laws.
US authorities began investigating Megaspeed over chip export restrictions in late 2024. Media personnel have been denied access to Megaspeed’s registered address at Collyer Quay.
Investigators seek Tan as his whereabouts remain unclear
The whereabouts of Tan remain unclear as investigators probe the firm’s operations. A family member at Tan’s registered residential address in the east of Singapore stated in October 2025 that he no longer lived there and was believed to be in China.
Local businesses must maintain a registered office in Singapore that can receive communications and notices under the Companies Act. Philip Chang, complex manager for Midview City, said he was unable to provide information on Swiftdata’s tenancy due to Personal Data Protection Act regulations.
Frequently Asked Questions
What does Megaspeed do?
Megaspeed describes itself as a specialised cloud provider and “a core business partner of Nvidia's computing power cloud business in the Asia-Pacific region”.
Who owns Megaspeed?
Megaspeed is a wholly-owned subsidiary of Swiftdata, a Singapore-incorporated company where Tan Yong Pong serves as the sole director.
When did authorities begin investigating the firm?
US authorities launched their probe in late 2024, and Singapore police confirmed in October 2025 that they were also investigating the company.
What were Megaspeed’s financial figures for 2024?
ACRA records show Megaspeed held almost US$3 billion in total assets and generated US$294.3 million in revenue for 2024.