HONG KONG — Megaspeed, the technology company at the center of the Chinese spying scandal that has engulfed Nvidia CEO Jensen Huang, said Thursday it will cooperate with U.S. government investigations into the matter.
Megaspeed’s statement comes hours before the resignation of Huang, one of the leaders of the AI boom, co-founder of the American chipmaker and helped make it the second most valuable company in the world.
In its first statement since reports surfaced of Huang’s extramarital affair with an alleged Chinese spy, raising concerns about U.S. national security and the tech giant’s future, Megaspeed said it takes its obligation to comply with U.S. export control laws “extremely seriously.”
U.S. intelligence agencies determined that Alice Huang was having an affair with Nvidia’s CEO and was an agent of Chinese intelligence, a person with knowledge of the matter told NBC News on Sunday.
She held a management position at Megaspeed, a Singapore-based company that was one of Nvidia’s largest customers in Southeast Asia. Megaspeed is under criminal investigation in the United States for allegedly smuggling U.S.-made chips into China, in defiance of U.S. export controls.
A criminal investigation is underway in Singapore, where officials said Thursday that Alice Huang was barred from entering the country. The government also issued her with a stern warning after discovering she had knowingly provided police with inaccurate information to downplay her role in the company. He said Huang had not been investigated for espionage.
The country’s Interior Ministry said in a statement that authorities questioned Huang and seized his passport in 2025, but his requests for cooperation from U.S. authorities went unanswered.
“Despite these repeated requests, Singapore has so far received only limited information or assistance regarding the company,” the statement said.
Investigators concluded in February that there was “insufficient evidence to establish that Huang committed any offenses,” the statement said, adding that investigations into Megaspeed and six others were continuing, linked to the shipment of servers through Singapore.
Megaspeed, meanwhile, said in a statement Thursday that it had “cooperated with inspections conducted by the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) and stands ready to fully cooperate with any other relevant U.S. government authorities.” The statement was signed by its chief executive officer Tan Yong Pong, also known as James Tan.
He said “Megaspeed is committed to working constructively and transparently with the U.S. government.”
China called the spying allegations “slander.” On Thursday, a Foreign Ministry spokesperson said that “the US side should stop fabricating so-called spy narratives as a pretext for implementing technological blockades.”
Megaspeed did not respond to the allegations regarding Alice Huang, but stated that “to further strengthen our commitment to compliance, Megaspeed has retained a leading U.S. law firm to conduct a comprehensive census of its graphics processing units (GPUs) and independently verify its export control compliance practices.”
The company added that it “welcomes appropriate scrutiny of the government and commits to demonstrating through concrete actions that it is operating responsibly, transparently, and in compliance with applicable U.S. laws.
Nvidia’s stock price has plunged since its 63-year-old boss admitted this weekend to having been “unfaithful” to his wife.
Huang resigned Thursday following reports that he had multiple extramarital affairs. In a statement, Nvidia named its executive vice president and chief financial officer, Colette Kress, as interim CEO.
Nvidia’s board of directors met Wednesday evening to discuss Huang’s future at the company, a source familiar with the matter told NBC News, adding that the White House was aware of the meeting.
The scandal raised questions about what U.S. government officials knew about Alice Huang and Megaspeed.
In the spring, Secretary of State Marco Rubio circulated a memo to Trump administration officials describing how U.S. intelligence had shown that Nvidia’s CEO was romantically involved with a company executive who was an asset of Chinese spy services, according to a person close to Nvidia and a former national security official with knowledge of the matter. The New York Times and the Financial Times were the first to report this note.
The precise role of Alice Huang and her relations with Chinese spy services, however, remain unclear. It’s possible she was not a career spy for China’s spy agency, the Ministry of State Security, but was asked to cooperate and share information based on her access to Huang, a former national security official with knowledge of the matter told NBC News.
Rep. Jim Himes, D-Conn., the ranking Democrat on the House Intelligence Committee, told NPR that Alice Huang’s role still needs to be clarified.
Democrats will soon hold control of the House and Senate and, therefore, have subpoena power.
On Wednesday evening, as Nvidia’s board of directors met, Senators Elizabeth Warren, Democrat of Mass., and Chris Coons, Democrat of Del., announced that they had written to Commerce Secretary Howard Lutnick asking him to preserve records on the subject.
Gn headline
