Singapore-based cloud firm Megaspeed broke its silence on Thursday, November 12, 2026, pledging full cooperation with the United States investigation at the centre of the Nvidia scandal. In its first statement since Nvidia chief executive Jensen Huang admitted an affair with a former Megaspeed executive, the company said it takes compliance with American export control laws "extremely seriously" and has cooperated with US inspections.

Key Points

• Megaspeed said on Thursday, November 12, 2026, in its first statement since the scandal broke, that it takes compliance with US export control laws "extremely seriously" and has cooperated with US inspections.
• Chief executive James Tan Yong Pong said compliance is "a fundamental priority" and Megaspeed will work "constructively and transparently" with the US government.
• The firm said it cooperated with inspections by the Commerce Department's Bureau of Industry and Security and "stands ready to cooperate fully with any other relevant US government authority".
• Megaspeed hired an American law firm to run a "comprehensive census" of its graphics processing units and verify its export control compliance.
• US authorities suspect Alice Huang, the former Megaspeed executive at the centre of the affair, of being a Chinese intelligence asset, while Nvidia's board weighs Jensen Huang's future.

What Happened

Megaspeed spoke out on Thursday, November 12, 2026, weeks after the affair and the espionage suspicions around it became public and engulfed Nvidia, whose processors power much of the world's artificial intelligence industry. Until now the Singapore cloud company, which buys AI chips from Nvidia, had said nothing in public while US investigators, lawmakers and Singapore's government examined its business. The statement was reported by Reuters and The Hindu.

At its heart was a compliance pledge aimed at the central accusation in the case: that advanced Nvidia chips barred from shipment to China may have reached Chinese buyers through intermediaries. Megaspeed said it had cooperated with inspections by the Bureau of Industry and Security, the Commerce Department arm that enforces export controls, and that it "stands ready to cooperate fully with any other relevant US government authority". It has also hired an American law firm to run a "comprehensive census" of its graphics processing units.

Background and Context

The statement lands in a scandal that has already shaken Nvidia. Jensen Huang admitted an affair with Alice Huang, a former Megaspeed executive. US authorities suspect her of being a Chinese intelligence asset, and US intelligence believes she was recruited by China's Ministry of State Security to seek AI-chip secrets. No charges have been brought against her.

The fallout has been swift. Nvidia's board has opened an independent inquiry and, according to the Wall Street Journal, is discussing whether to remove Huang, 63, after two affairs. Read more in our report on Nvidia's board preparing to oust Jensen Huang. The FBI is investigating the alleged spy affair and shareholders have sued Huang, with shares down about 25 percent from their peak a month earlier. Read more in our report on the FBI probe and shareholder lawsuit against Huang. Three House Republican chairs have asked Huang to brief Congress on November 18. Read more in our report on the congressional briefing demand. Singapore police have investigated Megaspeed since last October.

Megaspeed US Probe: What the Company's Pledge Does and Does Not Settle

Megaspeed's pledge matters because export controls are the front line of the technology rivalry between the United States and China. Washington bars shipment of the most advanced AI chips to China, fearing they will power military and surveillance systems, and relies on firms in the supply chain to keep the chips out of Chinese hands. A cloud company buying Nvidia's most powerful processors in large numbers sits squarely in the middle of that system.

The GPU census is the practical test of the pledge. If an independent American law firm can account for every graphics processing unit Megaspeed has bought and show where each is deployed, that is strong evidence no chips were diverted. The census will not answer what most interests investigators: what Alice Huang knew, and whether information passed to Beijing.

Reactions and Quotes

The most important words were those of chief executive James Tan Yong Pong. "Compliance is a fundamental priority for the company, and Megaspeed is committed to working constructively and transparently with the US government," he said. The statement added that the firm "stands ready to cooperate fully with any other relevant US government authority", extending the pledge to any other agency, including the FBI.

The language was careful throughout. Megaspeed called the GPU review a "comprehensive census", signalling thoroughness without conceding that anything went wrong. It did not address the suspicions against Alice Huang, nor say whether its findings would be made public.

Why It Matters

This story sits at the intersection of three forces: the artificial intelligence boom, the rivalry with China, and the question of who controls the world's most powerful chips. If the controls fail, the strategy of keeping advanced chips from China fails with them. That is why a little-known Singapore cloud firm is now under investigation by the FBI, the Commerce Department, Congress and two governments.

It matters for investors too. Nvidia is one of the most valuable companies in the world, and its shares have already fallen sharply as the scandal has widened. A board decision on Huang, the November 18 briefing and the census outcome could each move the stock again, while every cloud provider buying advanced chips watches Washington's next move.

What Happens Next

The immediate next step is the GPU census, whose findings will shape how US investigators view the firm. The Bureau of Industry and Security inspections continue, and Singapore's investigation, under way since last October, remains open. On the Nvidia side, the board is discussing Huang's future, he is due to brief Congress on November 18, 2026, and the company reports earnings on November 17. Each brings fresh scrutiny to a scandal that began as a personal affair and has become a test of American export controls.

Frequently Asked Questions

What did Megaspeed say on Thursday?
The Singapore cloud firm said it takes compliance with US export control laws "extremely seriously", has cooperated with inspections by the Commerce Department's Bureau of Industry and Security, and "stands ready to cooperate fully with any other relevant US government authority".

Who is James Tan Yong Pong?
James Tan Yong Pong is Megaspeed's chief executive and chairman. He said compliance is "a fundamental priority for the company" and that Megaspeed will work "constructively and transparently" with the US government.

Who is Alice Huang?
Alice Huang is a former Megaspeed executive who had an affair with Nvidia chief executive Jensen Huang. US authorities suspect her of being a Chinese intelligence asset recruited to seek AI-chip secrets. No charges have been brought against her.

What is the Bureau of Industry and Security?
It is the Commerce Department arm that enforces export controls, including the rules barring shipment of the most advanced AI chips to China.

What happens next for Nvidia's chief executive?
Nvidia's board is discussing whether to remove Jensen Huang, he briefs Congress on November 18, 2026, and Nvidia reports earnings on November 17. The FBI investigation and shareholder lawsuit continue.