Company caught up in Nvidia controversy launches internal investigation

A cloud computing company facing scrutiny over claims involving tech giant Nvidia has launched an internal investigation conducted by external lawyers.

Singapore-based Megaspeed has faced allegations it transferred advanced Nvidia chips to Chinese companies.

Alice Huang - whose affair with Nvidia's chief executive Jensen ​Huang led to his resignation earlier this week - was Megaspeed's chief executive, chairperson and one of its key controllers.

The company confirmed on Sunday that she officially left the company in August 2025 and "currently has no role".

It told the Associated Press that it runs a "legitimate and lawful business" and said reports about its business, supply chain and global operations "are not supported by verifiable evidence".

Megaspeed confirmed in a statement: "The company has retained external legal counsel to conduct a thorough internal investigation."

A New York Times story published earlier this week claimed US officials believed Ms Huang was a Chinese spy recruited to influence Nvidia to make its advanced chips more available to China.

The reports - along with allegations that Mr Huang had a second extra-marital affair - led to his eventual resignation on Thursday.

It comes as US Treasury Secretary Scott Bessent said that Nvidia needs to "go outside the company" in its search for a new chief executive.

Mr Bessent wants Nvidia to answer questions about its culture of compliance and export restrictions within the next 10 days.

He told Fox News: "This makes me think ⁠that as the board ⁠conducts a search for a new leader, that they ‌need to go outside the company, that just (with) what was going on ‌inside the company, they need a dramatic shake-up."

On Thursday, US Attorney General Todd Blanche said the Justice Department had not concluded whether Ms Huang was a Chinese spy.

Asked whether she was a spy, US President Donald Trump also said: "I don't know if that's been determined yet."

Beijing has also rejected the allegations as unsubstantiated.

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Singapore's government launched an investigation into Megaspeed in February 2025, including possible "false declarations in relation to the purchase of servers".

In a response to a question from the Wall Street Journal on October 30 into the investigation, the Singapore Police Force said: " Investigations into Megaspeed are ongoing. We are unable to comment further at this juncture."

Authorities in the country also questioned Ms Huang and withheld her passport last year, believing she had provided "inaccurate" information to downplay her role at the company.

However, they later concluded there was insufficient evidence that she had committed a crime.

Sky News has contacted Nvidia for comment regarding Bessant's remarks.

The full Megaspeed statement said: "Megaspeed is aware of recent media reports containing assertions about our business, supply chain and global operations that are not supported by verifiable evidence.

"Megaspeed conducts legitimate and lawful business. The company has retained external legal counsel to conduct a thorough internal investigation.

"Megaspeed designs and maintains its global operational and supply-chain control frameworks to comply with all applicable laws and regulatory regimes, including US export control requirements and local jurisdiction rules in every market where we operate.

"We uphold a commitment to responsible, fact-based journalism. We stand ready to engage with journalists and provide factual clarifications supported by relevant, appropriately redacted documentation.

"We are reviewing the reporting and will communicate further with our stakeholders as appropriate.

"Ms Alice Huang officially left Megaspeed effective 30 August, 2025 and currently has no role with the company. Megaspeed does not comment on Ms Huang's personal and private matters.

"No additional comment will be provided at this time."

(c) Sky News 2026: Company caught up in Nvidia controversy launches internal investigation