Megaspeed Australia, a subsidiary of Singapore-based Megaspeed International, is registered with ASIC and lists a business address at 20 Martin Place in Sydney, ABC News reported. Correspondence ASIC sent to the address in January was returned undelivered, according to the regulator's filings.
The development comes as the FBI investigates whether Alice Huang, a former Megaspeed executive who had an affair with Nvidia chief executive Jensen Huang, was working for the Chinese government. US President Donald Trump has stated the affair and whether any state secrets were compromised is under investigation. Jensen Huang admitted to the affair; the two are not related.
The floor at 20 Martin Place where Megaspeed Australia is registered is shared by over 40 other businesses, among them migration lawyers, accountants and a private investigator. Desk space at the building, near the ASX, is available to rent from $17 a day per person. An employee at a migration law firm at the same address told ABC News they had never heard of Megaspeed or its registered director, a man named Kang.
No listed financial assets are recorded for Megaspeed Australia, nor does it appear to have undertaken any work in Australia since its 2024 registration. Whether it has any employees beyond Kang is unknown. Attempts to reach Kang were unsuccessful; he is believed to be overseas and faces no accusations of wrongdoing.
Megaspeed is one of several south-east Asian companies that acquire Nvidia chips, construct data centre facilities and sell computing capacity to customers including, according to Culper Research, buyers in China. US government scrutiny of Megaspeed over allegations it helped Chinese companies bypass American export controls on advanced AI chips reportedly began in late 2024. Singapore police are examining Megaspeed for suspected breaches of domestic law after a US senator asked the Commerce Department to look into whether the company had diverted Nvidia chips, CNA reported.
Nvidia told stakeholders it did not believe any company or national secrets were exposed and would conduct an internal investigation, with Jensen Huang remaining as chief executive. Shareholders in Nvidia have commenced a class action against the company and Jensen Huang.
Reporting: ABC News, CNBC, The Guardian, CNA
Background: Yahoo Finance
Written by Pick & Scroll News from the reporting and documents linked above.
