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Business & Finance · November 12, 2026

Nvidia’s Disappearing Singapore Sales Deepen Mystery Around Megaspeed

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Nvidia is facing heightened scrutiny and market volatility following reports that its board is considering ousting CEO Jensen Huang. The move stems from investigations into the company's relationship with Megaspeed International, a Singapore-based cloud computing firm. Authorities are probing allegations that Megaspeed facilitated the transfer of billions of dollars in restricted AI processors to China. The controversy includes a reported romantic relationship between Jensen Huang and Megaspeed executive Alice Huang, who U.S. intelligence allegedly identifies as a recruit of China's Ministry of State Security. While Singaporean authorities confirmed a domestic law investigation into Megaspeed, they denied conducting an espionage probe into Alice Huang. Nvidia's stock has plummeted in after-hours trading as the board prepares to decide the CEO's fate.

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Reported by multiple outlets

  • Megaspeed International is a Singapore-based cloud computing provider.
  • Megaspeed is under investigation for its role in moving restricted Nvidia AI chips to China.
  • The investigation involves the relationship between Nvidia CEO Jensen Huang and Megaspeed executive Alice Huang.
  • Singaporean authorities are investigating Megaspeed for suspected breaches of domestic laws.

Reported by only some outlets

  • Alice Huang has reportedly returned to Beijing.
  • Nvidia stopped reporting revenue from Singapore last year.
  • Nvidia's board is reportedly preparing to oust CEO Jensen Huang.
  • Megaspeed allegedly used its Malaysian subsidiary, Speedmatrix, to move chips.
  • U.S. intelligence reportedly identified Alice Huang as having been recruited by China's Ministry of State Security.
  • Nvidia shares fell in after-hours trading following news of the board's potential action against Jensen Huang.

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