DOJ probes Nvidia chip buyer Megaspeed, CBS reports

Megaspeed, a Singapore-based cloud computing company that is little known outside the industry, is drawing international attention after Nvidia CEO Jensen Huang admitted to being unfaithful to his wife. The admission followed reports linking him to Megaspeed executive Alice Huang, who U.S. intelligence officials believe is a Chinese intelligence asset, CNBC reported. Two law enforcement sources told CBS News on Monday, November 9, that the Justice Department's National Security Division is investigating Megaspeed.cnbc.com+1

Nvidia opens board inquiry

On Sunday, November 8, Nvidia's board announced an independent investigation "in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort." A committee of independent directors, working with outside counsel, will run it, according to the company's statement. The board said it had "no reason to believe that either national security or NVIDIA secrets were compromised." It also said it still has confidence in Huang, who will remain CEO while the inquiry runs, Reuters reported.nvidianews.nvidia.com+1

Huang admitted the affair in an email to staff but did not name the woman, CNN reported. "I support the investigation and will cooperate fully. I love our country and our company," he wrote, according to CNBC. Earlier, he had described his dealings with Alice Huang, who is not related to him, as "related to Megaspeed, and it was all completely normal and not unusual," NBC News reported. Nvidia shares fell on Monday, according to Yahoo Finance.nbcnews.com+3

What Megaspeed does

Megaspeed rents out computing power from Nvidia chips held in Southeast Asian data centers to companies in the Asia Pacific region. It has offices in Singapore and Indonesia and calls itself a "core business partner" of Nvidia's cloud business in the region, CNBC reported. The New York Times reported that Megaspeed has become one of Nvidia's largest buyers, purchasing about $4.8 billion in equipment, Al Jazeera noted.aljazeera.com+1

The company has faced scrutiny before. In December 2025, Bloomberg reported that the U.S. government was examining Megaspeed's ownership and whether it had smuggled Nvidia chips into China. Megaspeed called that reporting misleading and said inspections by the U.S. Commerce Department, Malaysian authorities, and Nvidia had found "no evidence of any violations," according to CNBC. Last month, the company told the Times that it had hired outside legal advisers to carry out an internal investigation, the BBC reported.cnbc.com+1

Pressure from Congress

Reports differ on Alice Huang's current role. Reuters describes her as a former Megaspeed executive. Bloomberg reported that she also goes by Huang Le and helped set up the company, according to CNBC.reuters.com+1

Leaders of the House Select Committee on China have asked Jensen Huang to attend a briefing on November 18 to establish "the extent to which U.S. national security has been placed at risk," CNBC reported. Nvidia spokesperson John Rizzo said that "Jensen is committed to continuing to lead Nvidia as CEO without interruption," according to SFGate.cnbc.com+1