SINGAPORE: Megaspeed said on Sunday that Chinese businesswoman Alice Huang, whose ties to former Nvidia CEO Jensen Huang raised US national security concerns, had officially left Megaspeed on Aug 30, 2025, and had no current role at the Singapore-based company.
“Megaspeed does not comment on Ms. Huang’s personal and private matters,” the company added in a statement.
“Megaspeed is aware of recent media reports containing assertions about our business, supply chain and global operations that are not supported by verifiable evidence.”
The company said it conducted “legitimate and lawful business” and had retained external legal counsel to conduct a thorough internal investigation.
On Friday, US Treasury Secretary Scott Bessent said that four government agencies favoured putting Megaspeed, the Singapore company at the heart of the Nvidia scandal, on a trade black list but not the Commerce Department that was in charge.
Bessent said Treasury, Pentagon, the State Department and the US Trade Representative’s Office had favoured adding Megaspeed to the Commerce Department entity list for months.
“But Commerce has the pen,” Bessent told CNBC’s “Squawk Box.” “You will have to ask them about their internal processes.”
The Commerce Department’s so-called entity list is a trade blacklist of groups connected to China that US officials say pose national security risks.
The department did not immediately return a request for comment.
There is growing criticism of Secretary of Commerce, Howard Lutnick’s role in overseeing export controls on US chips to China.
Lutnick reportedly stalled President Donald Trump’s crackdown on companies suspected of diverting Nvidia’s chips to China, media outlets reported this week.
Republican Senator John Curtis said that “Secretary Lutnick’s reported stalling on export controls raises the question of whether the Commerce Department is acting in the best interests of the American people.”