Alice Huang’s unusual Megaspeed exit draws attention Amid Nvidia China chip controversy: She got one share for just one Singapore dollar on the day she left

A single share worth 1 Singapore dollar was recorded in Alice Huang's name on the day she stepped down as managing director of Megaspeed International in 2023, this has drawn attention as the firm is under scrutiny over allegations involving billions of dollars in Nvidia chip shipments to China.

Huang, who is also known by her Chinese name Huang Le had served as Megaspeed's managing director for 8 months. The filing shows that she received one share for S$1 on the day she left the position, according to CNBC. It does not explain the circumstances behind the transaction.

Her former role at the company has come to focus following reports about her relationship with ex-Nvidia CEO Jensen Huang. And allegations that the connection helped facilitate chip sales to Chinese businesses.

Alice Huang Received One Megaspeed Share for S$1 in 2023

Megaspeed was incorporated in Singapore in 2015 under the name 7Road International. The company is wholly owned by Swiftdata, a Singapore entity incorporated in October 2023, according to corporate filings.

Singapore citizen Tan Yong Pong was listed as Megaspeed's director. Alice Huang served as managing director for eight months in 2023 before stepping down.

The corporate records show that she received one Megaspeed share for 1 Singapore dollar on the day she left the position. They do not provide further details about the reason for the transaction.

Megaspeed lists Singapore as its main office and says it operates in Singapore and Indonesia. Its office at Collyer Quay showed no signs of activity when local media visited in October 2025, according to The Straits Times.

Megaspeed's Assets Rose to $3 Billion in 2024

Megaspeed reported assets of $33 million in 2023. Which rose to about $3 billion in 2024. The filings also list its 2022 assets at $75, according to CNBC report.

Revenue increased from zero in 2023 to $294 million in 2024. Despite the growth, the company recorded a loss of about $20 million.

Megaspeed is reportedly an Nvidia Cloud Partner in the Asia-Pacific region. Its website also lists access to Nvidia's GB200 NVL72 and HGX H100 systems.

Reported $7.5 Billion in Nvidia Chip Shipments

Megaspeed's business activities have attracted attention amid reports about Alice Huang's relationship with Nvidia's chief executive.

The Information reported that her relationship with Jensen Huang helped facilitate at least $7.5 billion in Nvidia chip shipments to Chinese firms.

The New York Times separately reported that Alice Huang had been recruited by China's Ministry of State Security to gather information on Jensen Huang.

According to Bloomberg, she had returned to Beijing with the knowledge of Chinese security officials.

Singapore Police Investigated Megaspeed, Not Alice Huang

Singapore police opened an investigation into Megaspeed in October 2025 over suspected breaches of domestic law.

Singapore's Ministry of Home Affairs disputed report of Singapore officials had investigated Alice Huang over alleged links to Chinese intelligence, saying, “There were no such investigations conducted in respect of Alice Huang,” as quoted by CNBC.

Megaspeed has denied illegally transferring Nvidia chips to China. In a December 2025 statement, the company said it had undergone multiple on-site inspections and reviews by the US Commerce Department's Bureau of Industry and Security, Malaysia's Ministry of Investment, Trade and Industry, and Nvidia. It said those reviews found no evidence of violations.