Megaspeed, chip firm at center of Nvidia scandal, pledges to cooperate with U.S. investigation

Detailed summary

The company said Thursday that it takes its obligation to comply with U.S. export control laws “extremely seriously,” in its first statement since reports emerged about Jensen Huang’s extramarital affair with an alleged Chinese spy and Megaspeed executive.

HONG KONG — Megaspeed, the tech company at the center of the Chinese spy scandal engulfing Nvidia CEO Jensen Huang, said Thursday it will cooperate with U.S. government investigations.

Megaspeed’s statement came as Nvidia’s board met to decide whether Huang, one of the leaders of the AI boom, will remain at the helm of the American chipmaker he co-founded and helped build into the world’s second most valuable company.

In its first statement since reports emerged about Huang’s extramarital affair with an alleged Chinese spy, raising concerns over U.S. national security and the future of the tech giant, Megaspeed said Thursday that it takes its obligation to comply with U.S. export control laws “extremely seriously.”

NBC News has reported that U.S. intelligence agencies determined that Alice Huang had an affair with the Nvidia CEO and was a Chinese intelligence operative.

She held a senior position at Megaspeed, a Singapore-based company that was one of Nvidia’s biggest customers in Southeast Asia. Megaspeed is under U.S. criminal investigation for allegedly smuggling American-made chips into China in defiance of U.S. export controls.

Megaspeed said in the statement Thursday that it has “cooperated with inspections by the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) and stands ready to cooperate fully with any other relevant U.S. government authority.”

It said that “Megaspeed is committed to working constructively and transparently with the U.S. government.”

China has dismissed the spying allegations as “smears” and on Thursday a foreign ministry spokesperson said that “the U.S. side should stop fabricating so-called espionage narratives as a pretext for implementing technological blockades.”

Megaspeed did not address the allegations surrounding Alice Huang, but said that “to further reinforce our commitment to compliance, Megaspeed has retained a leading U.S.

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