Nvidia says it cut off Megaspeed in 2025, but Bloomberg found later imports

Nvidia says it banned all sales and shipments to Megaspeed in June 2025, and that the ban is still in place, a company spokesman told The Wall Street Journal. Since then, Commerce has allowed Nvidia to send it parts and replacement components, the spokesman said.

Malaysian trade records show that Megaspeed imported at least 17,544 of Nvidia’s GB300 chips, worth about $787m, in November 2025, Mackenzie Hawkins reported for Bloomberg. Nvidia gave US officials a count of chips sold to Megaspeed through hardware partners. It was 50,000 units short, Bloomberg found. Megaspeed is still an official Nvidia Cloud Partner. TNW has not independently verified the reports.

Megaspeed is the Singapore company at the centre of the Jensen Huang affair. Nvidia’s board opened an independent investigation after Huang admitted an affair with Alice Huang, a Megaspeed executive. US officials believe she is a Chinese intelligence asset. China has denied the espionage claims.

What Nvidia told Washington

In mid-November 2025, Nvidia told Bloomberg that its inventory checks found everything where it should be. It also said it had asked the US government whether it needed to cut off Megaspeed, and was told no.

In December 2025, Nvidia told Bloomberg it had checked more warehouses that held the missing hardware. It did not say how many chips it found. Two of the eight data centre operators Nvidia told Washington it had visited said they had no Megaspeed hardware. Nvidia declined to comment on that to Bloomberg. Megaspeed’s largest landlord has since dropped it as a tenant.

About three months ago, Nvidia general counsel Tim Teter told a White House official that Alice Huang was “not as important” in Megaspeed as she made out, according to a person familiar with the call. He said that, because of the bad publicity around her, Nvidia had stopped doing business with Megaspeed.

A call about Singapore

In late summer 2025, Teter called Jeffrey Kessler, the Commerce under secretary in charge of chip export curbs. He asked whether Kessler’s Bureau of Industry and Security had a role in Singapore’s detention of Alice Huang. It did not, people familiar with the matter told Bloomberg. An Nvidia spokesperson said Teter did not know about the affair at the time.

It is unclear whether Teter made any specific requests of Kessler, according to Bloomberg. In the following weeks, bureau staff were told to route all requests of Nvidia through Kessler or get his approval. The people called that highly unusual, and unique to Nvidia. Staff were also told not to name Megaspeed or Speedmatrix, its Malaysian subsidiary, in external communications.

In late 2025, the Justice Department, which was working on the Megaspeed smuggling case with the bureau, asked it to pause. The bureau has made no progress since, despite having enough evidence to move forward, Bloomberg reported.

“BIS conducts all enforcement strictly by the book,” a bureau spokesman said.

“We work to resolve any allegations of ‘diversion’ promptly, to help government and our partners halt any would-be smugglers while serving the critical market of lawful customers that help America win worldwide,” an Nvidia spokesperson told Bloomberg.

A dinner in Singapore

In December 2023, Jensen Huang and a small group of colleagues met Alice Huang at an Italian restaurant in Singapore, according to The New York Times. She had just restructured Megaspeed. Four days after its ownership change, Nvidia named it a cloud partner, the Times reported on Tuesday.

Megaspeed went on to secure more than $4bn of Nvidia chips. In late 2024, the Commerce Department sent an official to inspect one of its data centres, where some Nvidia equipment was still packed in boxes. That year, Taiwan began monitoring Alice Huang’s trips to the island at the suggestion of the US government, a person familiar with the matter told the Times.

In 2025, Singapore barred her from leaving and questioned her in a probe into false import declarations. The investigations against her were closed for lack of evidence, the person said, but Singapore is still investigating Megaspeed. She later flew to Shanghai.

Megaspeed has categorically denied the chip diversion allegations. It told Bloomberg that Singapore’s probe ended this year with no adverse action against it. Its outreach to the US government went unanswered, it said. Nvidia and Megaspeed declined to comment to the Times. Alice Huang did not respond to the Times, and Bloomberg has been unable to reach her.

Congress turns to chip sales

Senators Jim Banks, a Republican, and Elizabeth Warren, a Democrat, urged Commerce to suspend or reconsider Nvidia’s China export licences, Bloomberg reported. Their bill would temporarily bar Nvidia from selling Chinese customers any chip more advanced than the H200. Lawmakers are negotiating to add it to the annual defence bill, which typically passes in December.

“I think we’re going to work hard to make sure that those provisions make it into the final version of the National Defense Authorization Act,” House Democratic leader Hakeem Jeffries said.

Senator Richard Blumenthal wants a Senate investigation, Semafor reported. In the House, three committee chairs have asked Huang to attend a closed briefing on 18 November.