Here's what Megaspeed, the company at the forefront of the Nvidia scandal, is now saying

By Steve Goldstein

The company is accused of skirting U.S. export control rules to deliver restricted Nvidia chips to China

Megaspeed International says it has hired a law firm to lead a review of its practices.

The Singaporean company Megaspeed International, which stands at the center of the scandal engulfing Nvidia, on Thursday issued its first public statement since the scandal erupted.

The company, accused of skirting U.S. export control rules to deliver restricted Nvidia (NVDA) chips into China, said it "takes its compliance obligations under U.S. export control laws extremely seriously. Compliance is a fundamental priority for the company, and Megaspeed is committed to working constructively and transparently with the U.S. government."

Megaspeed said it has cooperated with inspections by the U.S. Commerce Department's Bureau of Industry and Security and stands ready to cooperate fully with any other relevant U.S. government authority. Megaspeed said it has hired a "leading U.S. law firm" to conduct a comprehensive census of its graphics processing units and independently verify its export control compliance practices.

The statement was signed by Tan Yong Pong, identified as the company's chairman and chief executive.

Alice Huang, the Megaspeed founder who allegedly had an affair with Nvidia CEO Jensen Huang, was not mentioned in the statement. Bloomberg reported that she is in Beijing and that Chinese security officials are aware of that.

Singapore's government on Thursday issued its own statement on the situation. It said it had banned Huang from re-entry in February, after finding that she knowingly provided inaccurate information to the Singapore Police Force. Singapore said it did not investigate her for espionage.

The police force's investigation into Megaspeed and six other individuals - over alleged false declarations in buying servers - is ongoing, but none of the six people have been in Singapore since investigations commenced in February 2025.

-Steve Goldstein

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11-12-26 1023ET