Megaspeed says Alice Huang left in August 2025 and opens its own probe into Nvidia fallout

Megaspeed, the Singapore-based cloud computing company at the center of the Nvidia scandal, said on Sunday that Alice Huang left the company on August 30, 2025 and "currently has no role." In an emailed statement to CNBC, the company also said it has retained outside legal counsel to run an internal investigation into media reports about its business, supply chain and global operations.

What Megaspeed said

According to CNBC, the statement says Ms. Huang "officially left Megaspeed effective August 30, 2025," and that the company "does not comment on Ms. Huang's personal and private matters." As BBC News reports it, Megaspeed also said it is aware of reports "containing assertions about our business, supply chain and global operations that are not supported by verifiable evidence." It said it "conducts legitimate and lawful business" and designs its control frameworks to comply with US export rules and local rules in every market where it operates.

These are the company's own statements. We have not seen documents that confirm the departure date, and Megaspeed did not say in the portions reported what her role was or why she left.

The date matters

Our earlier report on Singapore's account, which relied on The New York Times, said officials held her passport from June 2025 until February over possible false declarations tied to a Megaspeed investigation. Megaspeed's August 2025 date falls inside that window, so by the company's account she left while Singapore still held her passport. The company has not said whether the two events are connected, and nothing published so far says so. That earlier story described her as running Megaspeed; Megaspeed's statement describes her as a former executive, and readers should treat the company's departure date as a claim still to be tested.

The pressure on Washington

BBC reports that Treasury Secretary Scott Bessent told CNBC on Friday that several agencies "were in favour of putting Megaspeed on the entity list for months," but that the Commerce Department "has the pen." We covered that exchange in our story on Bessent and Lutnick. BBC adds that Commerce Secretary Howard Lutnick has been called to testify before the Senate Banking Committee next month, and that other congressional committees have asked Commerce to retain all records on Nvidia and Jensen Huang.

BBC describes Megaspeed as the biggest buyer of Nvidia chips in Southeast Asia and says it is suspected of giving Chinese companies backdoor access to Nvidia chips through data centers in Malaysia, Indonesia and Thailand. That is a suspicion, not a finding. China has denied that Ms. Huang is a spy, according to BBC, and has warned the US against using the scandal as a "pretext for imposing a technological blockade."

Who it hits

For Nvidia shareholders, a customer opening an internal probe is not the same as a regulator clearing it. The stock closed Friday 31.9% below its Oct. 6 peak, per Yahoo Finance data in our chart, with the company set to report earnings on Nov. 17 and brief House committees on Nov. 18, as we reported earlier. For other Nvidia resellers and cloud partners in the region, the practical question is whether Washington tightens end-user checks on Singapore, Malaysia, Indonesia and Thailand, which would slow orders from buyers there.

What to watch

• Whether Megaspeed publishes its counsel's findings or a timetable for the probe.
• Whether Commerce adds Megaspeed to the entity list, the step Bessent said other agencies had favored.
• Lutnick's Senate Banking testimony, which BBC says is scheduled for next month.
• What Nvidia says on Nov. 17 about Megaspeed's share of its sales.

Sources: CNBC; BBC News; AP and Reuters ran the same Megaspeed statement, and we read their headlines only. Market data via Yahoo Finance. This is market information, not investment advice.