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Follow-Up: Megaspeed Issues First Public Statement, Says It Cooperated With U.S. Inspections and Retained a U.S. Law Firm to Census Its GPUs

Thursday, November 12, 2026 · Finance · GSM News

Singapore-based cloud computing firm Megaspeed posted a statement on its website on November 12, its first public statement since the scandal erupted. In the statement, Chairman and Chief Executive James Tan Yong Pong said Megaspeed has cooperated with inspections by the U.S. Department of Commerce's Bureau of Industry and Security (BIS) and has retained a U.S. law firm to lead a comprehensive census of all the graphics processing units (GPUs) the company holds and to independently verify its export-control compliance practices.

"Compliance is a fundamental priority for the company, and Megaspeed is committed to working constructively and transparently with the US government," Tan said. He said the company has cooperated with the Bureau of Industry and Security's inspections and "stands ready to cooperate fully with any other relevant US government authority." The statement said Megaspeed takes its compliance obligations under U.S. export control laws "extremely seriously," welcomes government scrutiny, and intends to show through concrete actions that it operates responsibly and in line with U.S. law.

Singapore police said in October that they were investigating Megaspeed over suspected breaches of Singapore's domestic laws. In an October 31 clarification, Singapore's Ministry of Home Affairs said Singapore's government and officials had never said Alice Huang was involved in espionage and had not investigated her on that basis, while adding that investigations into Megaspeed were continuing. According to Reuters, both the U.S. and Singapore investigations remain ongoing.

Megaspeed is an Nvidia cloud partner in the Asia-Pacific region, and its former executive Alice Huang (Huang Le) and her dealings with Nvidia Chief Executive Jensen Huang have been at the center of recent U.S. media investigations. According to The New York Times and other outlets, U.S. intelligence officials assessed that Alice Huang had links to China's Ministry of State Security, an allegation that has not been established. U.S. authorities have also looked into whether Megaspeed helped Chinese businesses gain access to restricted Nvidia chips; Megaspeed has denied any involvement in illegal diversion and has said earlier inspections by the Bureau of Industry and Security and other agencies found no evidence of violations, a claim that has likewise not been independently established. Jensen Huang has acknowledged to employees that he was unfaithful to his wife, and Nvidia's board has opened an independent investigation, saying it has no reason to believe U.S. national security or Nvidia secrets were compromised.

Since GSM began covering this matter, the newsroom has written to Nvidia's media department seeking comment and had received no formal reply as of publication. GSM will continue to follow official developments.

Reference: Reuters

Related: Times Names Nvidia VP Kimberly Powell in Huang Investigation; Board Reportedly to Meet on His Future

Source: Megaspeed

Published by GSM · USA (original Chinese edition)

Photo: 图:英伟达位于加州 Santa Clara 的总部大楼(Endeavor 大楼),入口上方为英伟达标志。GSM 固定图库照片。 / Photo: Nvidia's headquarters (the Endeavor building) in Santa Clara, California, with the Nvidia sign above the entrance. GSM file photo.

Story Timeline
  1. 2026-10-29A Bar Photo Fuels 'Spy' Buzz Online: Jensen Huang and Alice Huang Seen Together Twice in Taipei as Huang Calls the Dealings Normal
  2. 2026-10-30Nvidia Rejects Report of a Chinese Spy Near Jensen Huang, Saying Singapore Cloud Executive Had Only Ordinary Business Contact
  3. 2026-11-04Three House Committee Chairs Ask Nvidia's Jensen Huang to Give a Closed-Door Briefing on November 18 on His Contacts With Alice Huang
  4. 2026-11-08Jensen Huang Admits Infidelity to Staff as Nvidia Board Launches Independent Investigation
  5. 2026-11-08When a Founder's Private Life Becomes a Public Company's Business
  6. 2026-11-08Follow-Up: Rubio Oversaw Classified Memo Warning Top Officials About Jensen Huang's Close Ties to Alice Huang
  7. 2026-11-08Follow-Up: Trump Calls Nvidia's Huang an 'Honorable Guy,' Says He Has Not Discussed the Allegations With Him
  8. 2026-11-09Follow-Up: China's Foreign Ministry Dismisses "Chinese Spy" Claim Linked to Nvidia as a Baseless Smear
  9. 2026-11-09Follow-Up: Musk and Ackman Publicly Back Jensen Huang as Nvidia Shares Tumble More Than 6% in Frankfurt on Monday
  10. 2026-11-09Nvidia Closes Down 4.29% at $178.64, Falling Alone as Market and Chip Peers Rally
  11. 2026-11-09Follow-Up: With the November 11 Reply Deadline Near, Nvidia Has Yet to Confirm Whether Jensen Huang Will Attend the Closed Congressional Briefing
  12. 2026-11-09Follow-Up: Trump Says He Called Jensen Huang, Who Said He Had 'Absolutely No Idea' She Was a Spy: 'I Really Believe Him'
  13. 2026-11-10Nvidia Falls Another 5 Percent to About $168.89: Two-Day Slide Erases Roughly $470 Billion in Market Value
  14. 2026-11-10Sen. Kevin Cramer Calls on Jensen Huang to Resign, Citing Blackmail Risk; Schumer Demands Full Accounting on Chip Bills
  15. 2026-11-11Viral 'Letters' From Jensen Huang's Wife and Daughter Are Fabricated; Neither Has Made Any Public Statement
  16. 2026-11-11Follow-Up: Rep. Lieu Says Trump Administration '1,000 Percent' Too Deferential to Nvidia; Lofgren Sees Momentum to Curb Chip Sales to China
  17. 2026-11-11Asian American Journalists Association Criticizes Surname Punchlines in Jensen Huang Coverage, Naming The Economist and the New York Post
  18. 2026-11-11Baird Downgrades Nvidia to Neutral and Slashes Its Price Target to $200 From $500
  19. 2026-11-11Shareholders Sue NVIDIA and Jensen Huang in Class Action Alleging Misleading Statements on Megaspeed Ties
  20. 2026-11-11Follow-Up: As Jensen Huang's Reply Deadline Passes, a House Chair Says Subpoenas Are Likely If He Does Not Agree to a Closed-Door Briefing
  21. 2026-11-11New York Times Reports Nvidia Board Discussed Jensen Huang's Future
  22. 2026-11-11Times Names Nvidia VP Kimberly Powell in Huang Investigation; Board Reportedly to Meet on His Future
  23. 2026-11-11Follow-Up: Senators Warren and Coons Tell Three Top Officials to Preserve All Nvidia China Export Records
  24. 2026-11-11Bessent Reportedly Confronted Lutnick Over Why Megaspeed Is Not on the Entity List; Commerce Denies Any Clash
  25. 2026-11-12Follow-Up: Megaspeed Issues First Public Statement, Says It Cooperated With U.S. Inspections and Retained a U.S. Law Firm to Census Its GPUsThis story
  26. 2026-11-12Follow-Up: Taiwan Revokes Alice Huang's Entry Permit, Interior Minister Says She Cannot Return
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