At a party in Taipei in June 2024, Alice Huang reportedly told friends she could get Jensen Huang to show up, according to the New York Times. Nvidia’s chief executive arrived a short while later in his black leather jacket and took a whiskey shot with the group.

On November 8, Huang told employees that he had been unfaithful to his wife, and Nvidia’s board opened an investigation. Alice Huang, who is no relation, is said to work for Megaspeed, a Singapore data center company. US intelligence agencies concluded she is a Chinese intelligence asset. That claim comes from US officials and hasn’t been tested in public.

Megaspeed itself is the less-told part of this. In about two years it went from a name change in Singapore to one of Nvidia’s largest buyers in Southeast Asia.

The company was incorporated in 2015 as 7Road International, the Singapore arm of a Chinese gaming firm with state-backed investors. It was renamed Megaspeed in March 2023. Corporate records, according to The Information, list Alice Huang as managing director from March to November 2023.

In November 2023, ownership passed to a new Singapore company, and four days later Megaspeed became an Nvidia Cloud Partner, a designation that signals Nvidia’s approval. Chips are scarce enough that Nvidia largely decides who gets them, so four days is fast. By December 2023, Megaspeed’s total assets were about $33 million.

Twelve months later its Singapore accounts showed just under $3 billion. Most of the increase comes from two matching entries.

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