Megaspeed Hires Outside Lawyers to Probe Alleged Smuggling of $12B in Nvidia Chips

Megaspeed has launched an internal audit of its shipping and distribution networks following reports that it coordinated the delivery of high-end AI processors to Chinese entities in violation of US trade rules. The company appointed outside lawyers to investigate its business and supply chain after allegations that it arranged nearly $12B in shipments of Nvidia chips between March 2024 and June 2025. In a statement denying wrongdoing, Megaspeed also disclosed that Alice Huang, its former head, left the firm in August 2025 and currently has no role at the company.

The internal review coincides with an ongoing investigation by Singaporean authorities into whether the company used false declarations to purchase servers in February 2025. While Singapore's Ministry of Home Affairs stated it found insufficient evidence to charge Huang with espionage, the ministry has barred her from re-entering the country because she provided inaccurate information to police about her professional role. US officials, including Attorney General Todd Blanche, have stated that the Justice Department has not yet reached conclusions regarding whether Huang acted as a Chinese intelligence asset.