By Sasha Rogelberg
Publication Date: 2026-11-13 00:44:00
A sudden change in how Nvidia reported some of its financial results last year is getting renewed attention, raising questions about its relationship with Megaspeed, a major Nvidia client at the time and now at the center of chip smuggling allegations.
The financial change under scrutiny involves Nvidia’s accounting for revenue from Singapore, where Megaspeed is based.
Nvidia cofounder Jensen Huang stepped down as CEO of the semiconductor chip giant on Thursday, following stunning revelations of his affair with former Megaspeed executive Alice Huang (no relation), a woman suspected of being an operative for China. Nvidia CFO Colette Kress will lead the company in the interim, Nvidia announced on Thursday.
Megaspeed, one of Nvidia’s largest buyers in Asia, has been suspected of diverting Nvidia’s advanced chips to China, in violation of U.S. export laws. Megaspeed, and its Malaysian subsidiary Speedmatric, moved at least $7.5 billion in Nvidia chips to China, tech news site The Information has reported.
Singapore authorities said on Thursday that they investigated Megaspeed and its former executive Alice Huang beginning in February 2025 and did not find sufficient evidence of espionage. However, Singapore barred Alice Huang from re-entering the country. The U.S. is also investigating Megaspeed for export control violations. Jensen Huang has previously said there is no evidence of Nvidia chips being smuggled to China, and Megaspeed has denied…
