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

By Steve Goldstein

Megaspeed International says it's hired a law firm to lead a review of the company's practices.

The Singaporean company Megaspeed International, 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. Department of Commerce's Bureau of Industry and Security and stands ready to cooperate fully with any other relevant U.S. government authority. Megaspeed said it hired a "leading U.S. law firm" to lead 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 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 China's security officials are aware of that.

-Steve Goldstein

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