Nvidia's Huang says dealings with firm in US spy probe were 'normal' as China denies allegations
Jensen Huang said Nvidia's relationship with Singapore-based Megaspeed International officials was proper and the company had checked that Megaspeed did not illegally divert Nvidia artificial intelligence (AI) chips to China.
Nvidia chief executive officer Jensen Huang defended the company's business with Singapore-based Megaspeed International, calling it "normal and not unusual", Bloomberg News reported on Thursday (Oct 29).
Huang's comments followed a New York Times report that said a former Megaspeed executive was under US investigation for allegedly spying on behalf of China.
China has since denied the claims Huang was the target of a Chinese spy plot, calling it "groundless speculation".
"The report in question is based on groundless speculation and is nothing more than an attempt to smear China," foreign ministry spokesman Guo Jiakun said at a regular briefing on Friday.
Huang said Nvidia's relationship with Megaspeed officials was proper and the company had checked that Megaspeed did not illegally divert Nvidia artificial intelligence (AI) chips to China, Bloomberg News reported.
"We've studied all their deployments of our GPUs and counted every one," Huang said in an interview with Bloomberg.
The remarks followed a New York Times report that US authorities were investigating a former Megaspeed executive for allegedly providing information to the Chinese government and helping evade US chip export curbs.
Huang said his interactions with the executive were typical of those with Chinese customers and executives and that the person was no longer with Megaspeed, according to the report.
Nvidia has argued that smuggling of its advanced AI chips into China is not a significant issue despite US export restrictions, the report added.
SINGAPORE AUTHORITIES STILL INVESTIGATING COMPANY
In response to CNA's queries about its probe into Megaspeed, the Singapore Police Force (SPF) told CNA on Friday that investigations were still ongoing and it was unable to comment further at this point.
"Singapore does not implement unilateral export controls imposed by foreign jurisdictions," said SPF.
"At the same time, Singapore does not condone businesses deliberately using their association with Singapore to circumvent or violate other countries’ export controls."
The police told CNA all companies operating in Singapore were expected to take into account other countries’ regulations, including export controls, in their international business activities.
"While we do not enforce unilateral export controls imposed by other countries, we act firmly against companies and individuals who violate our laws and are engaged in fraudulent and dishonest practices," they added.
Between February 2025 and July 2026, Singapore charged four individuals and four companies for committing fraud on suppliers of servers, with these entities facing charges that carry imprisonment terms of up to 20 years each, said the police.
"Singapore holds a zero-tolerance stance towards such offences and will act resolutely against those - whether businesses or individuals - who violate our laws, and safeguard Singapore's integrity as a trusted global financial and business hub underpinned by the rule of law," they added.
Singapore's Ministry of Home Affairs (MHA) said on Saturday that the government had not investigated Alice Huang, who was reportedly linked to Megaspeed, over her alleged ties to Chinese intelligence or her relationship with Huang.
In a statement, MHA also addressed claims in an Oct 30 Wall Street Journal (WSJ) article that Singapore officials were concerned about Alice Huang's close ties to Nvidia's chief executive or her being an alleged Chinese intelligence source.
MHA said neither the Singapore Government nor its officials had said this.
The ministry added that the government had responded to WSJ's queries on Oct 30, but the response made no mention of Alice Huang or any concerns or investigations relating to her alleged ties to Jensen Huang or Chinese intelligence.
The response to WSJ, issued by the Singapore Police Force, stated that investigations into Megaspeed were ongoing and declined further comment. It also outlined Singapore's position on foreign export controls and enforcement against fraudulent practices.
