In the last three years, an unknown Singapore company has become the largest buyer of NVIDIA chips in Southeast Asia. This singular activity has caused alarms to go off, especially now that the trade war between the US and China means that the “illegal trafficking” of these components is extremely monitored.
The suspicion. The company, called Megaspeed, is being investigated by the US government. The objective is to find out exactly if there are ties that unite this company with the Chinese government and if the NVIDIA chips that the company has purchased have ended up in China despite the veto and prohibition that said cards can end up there. The Singapore government is also checking whether Megaspeed has violated local laws, they say. on Bloomberg.
Megaspeed denies the major. In a statement sent by mail to that newspaper, those responsible for Megaspeed declare that the company “is based in Singapore and operates fully in accordance with applicable laws, including United States export control regulations.”
At the moment there is no evidence. An NVIDIA spokesperson indicates that its request for information from Megaspeed shows no evidence that there was a violation of the terms of those transactions. In their visits to Megaspeed’s data centers they confirmed that “the GPUs are where they are supposed to be.” Furthermore, according to its data, Megaspeed has owners and operates entirely outside of China, and there is no Chinese shareholder.
But it does serve Chinese tech giants. Megaspeed has a “neocloud”, cloud infrastructure dedicated to offering computing capacity for AI projects. It has several data centers in Southeast Asia, and the company rents NVIDIA chips to Alibaba. This is an option that the US government does continue to allow: no buying chips, but access to those from suppliers from “non-vetoed” countries.
Delicate situation. The question is whether Megaspeed has really done things right or whether it has ended up serving as an intermediary for NVIDIA chips to end up in Chinese technology companies. It would also be disturbing if in the end Megaspeed did have ties to companies or the Chinese government. This discovery comes just as President Donald Trump has stated that he would approve the sale of certain NVIDIA chips to China, something that until now was prohibited.
Confusing data. Although Bloomberg admits that they have found no evidence that Megaspeed’s NVIDIA chips have ended up being sent to China, doubts remain. They have analyzed documents with records of commercial transactions, appointments and job offers from both Megaspeed and some of its collaborating companies, and have detected “inconsistencies” between the inventory of chips and those that should really be installed in their data centers.
Megaspeed has thousands of NVIDIA GPUs. And the problem is that this company has a huge number of company chips. Since it was founded in 2023 and until November 2025, Megaspeed has imported at least 136,000 NVIDIA GPUs according to Malaysian and Indonesian customs records. More than half are Blackwell chips, which Trump said I would not approve of them being exported to China. Most of those newer GPUs were purchased six months ago, but NVIDIA employees who visited the data centers did not definitively clarify that those that were exported actually ended up where they were supposed to be.
The suspicion: a mysterious data center in China. On the Megaspeed website it says that they have three data centers in Malaysia and Indonesia. There is also mention of a room under construction in an unspecified “specific area.” The problem is that Megaspeed showed an image of a render with a data center in Shanghai financed in part by Megaspeed’s original parent company, a Chinese company. Not only that: Megaspeed has a kind of corporate twin in China with an identical website that shows that in reality the employees of the Singapore company are its employees. All of this raises clear questions that remain unresolved and that raise even more suspicions.
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