Nvidia CEO Jensen Huang investigation and Singapore ties, Digi Mart USA News (Singapore): Nvidia, which is powering the global artificial intelligence revolution with the chips it makes, is investigating whether its chief executive officer, Jensen Huang, was the target of foreign spying.
This comes after media reports in October alleged that the Taiwan-born technology executive had a close relationship with a Chinese businesswoman who passed information to Beijing. The woman, Alice Huang, is a former executive of Singapore-based cloud computing firm Megaspeed International.
She is reportedly being monitored by United States authorities, which suspect she was helping China evade limits on its ability to access advanced AI chips.
Singapore has traditionally been among Nvidia’s top four markets in billable revenue. Nvidia’s financial reports over the past three years showed Singapore was among its top global markets by revenue, but no Singapore revenue breakdown has been given since the middle of 2025.
Singapore accounted for 22% of Nvidia’s total revenue, at close to US$10.2 billion (S$13 billion), for the quarter that ended on July 27, 2025. That was the most recent known quarterly revenue breakdown for Singapore.
The United States was Nvidia’s largest market, accounting for about 50% of total revenue, at around US$23.5 billion in that quarter.
In the financial year that ended on Jan. 26, 2025, Singapore was also the No. 2 contributor to Nvidia’s total revenue, accounting for 18% of it at nearly US$23.7 billion. The United States contributed 47% of total revenue, at almost US$61.3 billion.
Nvidia has explained that customers used Singapore to “centralise invoicing,” while its products were almost always shipped elsewhere. For the quarter that ended on July 27, 2025, over 99% of Nvidia’s revenue billed to Singapore from selling export-controlled data center products, including AI chips, was for orders from US-based customers.
Earlier in January 2025, it was reported that the United States was investigating whether Chinese AI firm DeepSeek obtained Nvidia AI chips through countries such as Singapore. In February 2025, Singapore’s then Ministry of Trade and Industry responded to these allegations, citing Nvidia as saying many of its customers “use their business entities in Singapore to purchase chips for products destined for the US and other Western countries.”
“We expect US companies, like Nvidia, to comply with US export controls and our domestic legislation,” the ministry said, adding that Singapore would act decisively and firmly against individuals and companies that flout the rules. Nvidia had also stated that there was no reason to believe DeepSeek obtained any export-controlled products from Singapore.
In October 2025, it was reported that the United States was investigating whether Singapore’s Megaspeed was involved in helping Chinese tech firms sidestep US export controls to obtain restricted Nvidia AI chips. Nvidia has many business and research dealings with organizations in Singapore.
In March 2026, Singtel unit NCS said it was integrating its AI platforms with Nvidia’s AI enterprise software so highly regulated organizations can deploy AI agents, bots that can take actions with minimal human supervision, with necessary safeguards, including protection of sensitive operational data. In September 2026, Nvidia said Sea, which owns e-commerce platform Shopee, financial services arm Monee and gaming platform Garena, was adopting an Nvidia platform to scale its use of AI.
Nvidia also has ties with the Singapore government. In September, Singapore’s Home Team Science and Technology Agency (HTX) said it was the first organization in the country to deploy Nvidia’s latest GB300 chip, which provides computing power for training AI that processes text, video and audio at once and controls robots at scale.
This builds on HTX’s earlier partnership with Nvidia.
Many institutes of higher learning in Singapore work with Nvidia on research. In March 2026, the Singapore University of Technology and Design worked with Nvidia and other partners to show how robots and autonomous vehicles can distribute their “thinking” across the device and the cloud.
The Singapore Institute of Technology and Nvidia jointly established the SIT x Nvidia AI Centre in 2024, and in October 2025 it launched a training initiative to help fresh graduates and mid-career professionals become AI practitioners.
The outlook remains unclear. Taiwan’s Commercial Times cited supply chain rumors suggesting Nvidia plans to slow chip orders, though it is not clear whether this is linked to the probe into its chief.
Reuters reported analysts saying a prolonged investigation could delay Nvidia’s investment decisions or product launches, affecting the broader semiconductor industry.
In the near term, competitors such as Advanced Micro Devices could gain attention, Ryu Young-ho, a senior analyst at NH Investment & Securities, told Reuters. However, replacing Nvidia’s products would be difficult, he said.
Megaspeed is under investigation in Singapore and the United States over possible breaches of export laws involving advanced Nvidia AI chips. It was first incorporated in 2015 as 7Road International, a Chinese gaming company with ties to state-backed investors.
Records from the Accounting and Corporate Regulatory Authority show Megaspeed is still operating at its Collyer Quay office.
In February 2024, Megaspeed incorporated Speedmatrix, with two addresses in Johor and Singaporean Tan Yong Pong as its director. According to The New York Times, Speedmatrix was used to receive shipments of Nvidia chips from the United States.
Tan became Megaspeed’s director in November 2023, shortly after he incorporated Swiftdata, which owns Megaspeed.
When 7Road was renamed Megaspeed in March 2023, it was owned by Huang Le Limited and led by Huang Le, who also goes by the name Alice. Ownership was later transferred to Tan’s Swiftdata in November 2023.
Alice was seen at the Computex 2024 party in Taipei, where Nvidia’s chief met his top clients. The two Huangs are not related despite sharing the same surname.
On Oct. 29, The New York Times reported that Alice, a Chinese citizen, was recruited by Beijing to collect intelligence on the Nvidia chief. He later admitted in a message to employees that he had been unfaithful to his wife and took “full responsibility” for his actions.
Nvidia said its CEO was committed to continuing to lead the company without interruption.
The Singapore Police Force told The Wall Street Journal on Oct. 30 that Megaspeed is being investigated and was unable to comment further on the case for now. Police said that while Singapore does not implement unilateral export controls imposed by foreign jurisdictions, the country “does not condone businesses deliberately using their association with Singapore to circumvent or violate other countries’ export controls.” Police added that firm action would be taken against those engaged in fraudulent and dishonest practices.
Singapore has charged four people and four companies in court between February 2025 and July 2026 for committing fraud on suppliers of servers, the police said. They face charges that carry jail terms of up to 20 years each.
The Wall Street Journal’s report cited sources saying Singapore officials were concerned with Alice’s close ties to the Nvidia chief, or her being an alleged Chinese intelligence source, and had separately investigated her ties to China. Singapore’s Ministry of Home Affairs clarified on Oct. 31 that neither the Singapore government nor its officials had said that, adding that “there were no such investigations conducted in respect of Alice Huang.”
