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Headquartered in a curved glass skyscraper that boasts commanding views over Singapore’s Marina Bay district, Megaspeed International is just the type of fast-growing tech start-up that Asia’s wealthy city-state has been keen to attract.

In three years, the corporate entity has gone from an inactive Chinese gaming subsidiary to one of Asia’s biggest buyers of cutting-edge semiconductors from the US.

But its rapid rise has also propelled it to the center of an alleged spy scandal that’s now engulfing Nvidia, the $4 trillion company behind the world’s most advanced chips.