The rapid rise of Alice Huang’s Megaspeed maps the money trail of how Nvidia chips continued to benefit Chinese companies despite strict US export controls.

Within three years, she mysteriously grew the Singaporean company into Nvidia’s largest AI chip buyer in Southeast Asia.

After Nvidia CEO Jensen Huang admitted to a romantic affair with her, and US officials concluded that she worked for Chinese state intelligence, that mysterious rise to prominence makes a lot more sense.

Alice Huang masterfully capitalized on her relationship with the married billionaire and crafted a remarkable import/export scheme that routed one of the world’s most valuable commodities from the US to Singapore, Malaysia, and Indonesia.

In short, Alice Huang used Megaspeed’s Singapore offices to bring Nvidia’s AI chips hardware into data centers in Malaysia and Indonesia, and Chinese companies like Alibaba would then rent substantial portions of that computing power.

By November 2025, customs records show Megaspeed had brought at least $4.6 billion of Nvidia hardware into southeast Asia. That included at least 136,000 GPUs — including Blackwell chips that the US had barred at times for export to China.

Jensen Huang admitted this weekend to the affair and publicly apologized to his wife, shareholders, and board of directors. Shares of Nvidia, the world’s second-largest publicly traded company, fell over 6% by the open of trading yesterday.

In October 2022, President Joe Biden imposed sweeping curbs on advanced AI chip shipments to China.

Five months later, 7Road, a gaming company that counts Beijing’s central government among its shareholders , spun off its Singapore unit.

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