Megaspeed, Singapore firm at centre of US Nvidia chip probe, goes dark

[SINGAPORE] The streets outside the Central Business District were bustling with the lunchtime crowd. But on the seventh floor of Ocean Financial Centre, one office stood out for its silence.

A self-described “premier business partner of Nvidia”, Megaspeed International showed no signs of activity when The Straits Times visited the office on Friday (Oct 10). Behind a locked glass door, the company’s nameplate still hung above the reception area, where two grey armchairs and some flowers stood. “It is always dark for as long as it has been here,” said a tenant in the building who was on her way to lunch. “I hardly see anyone visiting or in the office.”

Another tenant said he found it odd that any company would pay high rent for a prime office space, only to leave it unoccupied.

Megaspeed, which bills itself as a specialised cloud computing service provider, appeared to have gone dark. Attempts to reach the company ended up with a dead ring tone.

Singapore police confirmed that investigations are ongoing into Megaspeed for suspected breaches of local laws, although no details were given regarding the nature of the potential offences.

The US Commerce Department is also reportedly probing whether the company was involved in helping Chinese technology firms sidestep US export controls to obtain restricted Nvidia artificial intelligence (AI) chips, according to The New York Times (NYT), which first reported the case.

In response to ST’s query, Singapore’s Economic Development Board (EDB) said the Republic has always acted decisively and firmly against individuals and companies that flout the rules.

“We expect companies in Singapore to comply with our domestic legislation, and with laws in the jurisdictions that they operate in,” an EDB spokesperson said.

Megaspeed was a little-known company until it committed to buying US$2 billion worth of Nvidia’s chips.

On LinkedIn, Megaspeed said its partnership with Nvidia gives it “privileged access to cutting-edge products, services, and cloud computing capabilities”, enabling it to drive innovation and foster sustained growth for its clients.

According to corporate records, Megaspeed was known as 7Road International when it was first incorporated in Singapore in 2015.

Not much is known about its financials, with some websites indicating wide-ranging revenue from US$1 million to US$10 million as at Sept 3, 2025.

The company 7Road was renamed Megaspeed in March 2023 when Ms Huang Le – also known as Alice Huang, according to NYT – came on board as a managing director, along with another director, Cang Yang.

Ownership of the firm was transferred to Huang Le Limited in the same month, before it was transferred again in November to Swiftdata, then a newly incorporated company. By Nov 10, 2023, both Ms Huang and Cang Yang had resigned as directors.

In June 2024, Huang was seen at the Computex 2024 party in Taipei, where Nvidia’s chief executive, Jensen Huang, met his top clients. Nvidia declined to comment when contacted by ST.

Swiftdata remains the registered shareholder of Megaspeed. Its owner, Tan Yong Pong, is now Megaspeed’s sole director.

On another business intelligence website, Tan is also listed as a “key principal” of Speedmatrix, a subsidiary that Megaspeed had set up in Malaysia in early 2024, reportedly to receive shipments of advanced chips.

Megaspeed’s corporate administration in recent years has been handled by a succession of Singapore-based professionals.

In September, Ink Assurance was appointed as Megaspeed’s auditor. A spokeswoman for Ink Assurance said her company will support any authority’s investigation if needed.

The US government had in 2022 imposed a number of export controls to restrict the sale of high-performance AI chips to China.

Singapore came under the spotlight in early 2025 when the US launched its probe into DeepSeek. The Chinese AI start-up was suspected of circumventing US restrictions by acquiring Nvidia chips through third parties in other countries, including Singapore.

Three men – two Singaporeans and a Chinese national – are now facing fraud charges in Singapore for allegedly providing false information to two US companies about the end users of their servers, possibly embedded with Nvidia chips.

Preliminary investigations showed that these servers were sent to Singapore-based companies first before being exported to Malaysia. It is unclear if Malaysia was the intended final export destination. THE STRAITS TIMES