Suspected Chinese spy allegedly offered Nvidia chips to investors despite US export curbs

An American intelligence report named Alice Huang as a suspected Chinese spy, and she is accused of using her relationship with Nvidia chief executive Jensen Huang to gain access to the company’s technology. She reportedly told investors she could obtain Nvidia chips despite US export restrictions, raising questions about whether advanced computing power was channelled to Chinese firms and whether US authorities responded adequately.

Huang pitched a Singapore data centre project to Beijing investors without disclosing her relationship with Jensen Huang, according to the report. Her company, Megaspeed International, was founded in 2023 and became a major Nvidia chip buyer in south-east Asia; its imports reportedly exceeded £3.6 billion, and it rented computing capacity to Alibaba. Jensen Huang admitted being unfaithful to his wife, while Nvidia commissioned an independent investigation; the company’s value briefly fell by about £292 billion, or 9 per cent, before recovering some losses.