CNBC reported on November 15, 2026, that Megaspeed had retained external legal counsel to investigate media reports about its AI cloud business, supply chain and global operations. The Singapore-based company also said Alice Huang left effective August 30, 2025, and currently has no role there.
Megaspeed said the reports were not supported by verifiable evidence. It will review the reporting and communicate further with stakeholders as appropriate. Its operational and supply-chain controls are designed to comply with applicable laws, including US export-control requirements and local rules in the markets where it operates.
Separate GPU Compliance Measures
The new investigation follows a separate company statement dated November 12, 2026. Chairman and CEO James Tan Yong Pong said Megaspeed had cooperated with inspections by the US Department of Commerce’s Bureau of Industry and Security and was ready to cooperate with other relevant US authorities.
The company had also retained a US law firm to lead a comprehensive census of its GPUs and independently verify its export-control compliance practices. That earlier announcement addressed GPU inventory and compliance verification, while the newly reported investigation concerns media accounts covering the wider business, supply chain and global operations.
Megaspeed describes itself as a core regional business partner for Nvidia’s computing-power cloud business. Customers rent computing capacity from Nvidia graphics processing units, chips designed to perform many calculations simultaneously. Its products include GPU compute, GPU-accelerated virtual servers, managed Kubernetes, storage and networking for machine learning, AI and inference workloads. The company has offices in Singapore and Indonesia.
Singapore’s Investigation Remains Open
Singapore’s Ministry of Home Affairs said in a November 12, 2026 release that the Singapore Police Force and Singapore Customs opened an independent investigation in February 2025 into several companies and their key officers, including Megaspeed and its controllers. The suspected domestic offences involved potential false declarations related to server purchases and other related offences.
Singapore does not enforce other countries’ unilateral export controls, but expects companies operating there to account for such regulations in their international business activities. The ministry said it does not condone companies using their association with Singapore to circumvent those controls through fraud or dishonest practices.
The physical servers had been purchased by companies under investigation and exported through Singapore to Malaysia without entering the Singapore market. Police are investigating whether they were subsequently routed from Malaysia to another destination, contrary to declarations made in Singapore. Investigators therefore needed to check the declarations against information and records in the jurisdictions from which the servers originated and their eventual destinations.
The ministry said Supermicro, a US-based server supplier relevant to the investigation, provided limited cooperation. Singapore police and the Attorney-General’s Chambers raised the issue with US authorities on July 7, 2025, and police repeated the request to the US Department of Justice and FBI several times beginning in September 2025. Singapore had received limited information or assistance concerning the company.
Alice Huang, a Hong Kong resident also known as Huang Le, was investigated because she was then Megaspeed’s CEO, chairperson and one of its key controllers. In February 2026, police concluded there was insufficient evidence to establish that she had committed offences relating to the possible inaccurate declarations. They assessed that she knowingly provided inaccurate information to downplay her role at Megaspeed. She received a stern warning and was barred from re-entering Singapore; her passport was returned on February 26, 2026, and she left the country that day.
Investigations into Megaspeed and six other individuals remain ongoing. None of those six people has been in Singapore since the investigations began in February 2025.
Megaspeed’s counsel-led review now runs alongside that unresolved official investigation. For its AI cloud business, the central issue is whether the GPU census and broader inquiry can substantiate the company’s compliance account while police continue examining whether the servers’ actual route matched the declarations made in Singapore.