Unnamed US officials believe a Chinese executive close to Jensen Huang, the founder and boss of Nvidia, was working for Beijing. She is Alice Huang, a Chinese citizen. Singapore company filings list her as a former managing director of Megaspeed, a small data-centre company in Singapore. Huang is a common Chinese surname. On 29th October 2026, the day the first report about her came out, Jensen Huang said Nvidia’s dealings with Megaspeed were normal.
Since then, unnamed US officials have told reporters they believe China’s Ministry of State Security, the country’s main spy agency, recruited her and that she passed information to Beijing. She hasn’t been charged, and she hasn’t commented. China’s foreign ministry dismissed the claim: “Relevant report is unsubstantiated. It is nothing but smears against China.”
Nvidia’s chips and Megaspeed
Nvidia makes the chips that train and run many of the world’s AI systems. It was worth about USD 4.5 trillion, or about KES 585 trillion, at the close on Friday 6th November. (KES figures use the Central Bank of Kenya’s rate of KES 129.96 to the dollar on 9th November 2026.) Nvidia’s shares were about 5% lower in New York on Monday afternoon.
Washington treats those chips as a national security matter, so US export rules limit which ones Nvidia may sell to China. By Jensen Huang’s own count in October 2025, Nvidia’s share of China’s AI chip market had gone from 95% to zero, as we laid out in September.
Chips bought outside China can still be shipped there, and that’s where Megaspeed comes in. US Commerce Department officials have examined whether about USD 2 billion (about KES 260 billion) of Nvidia hardware that Megaspeed’s Malaysian unit bought or planned to buy ended up in China. Megaspeed hasn’t been charged. It says it complies with the law, including US export controls, and that US and Malaysian officials and Nvidia found “no evidence of any violations”.
Singapore’s government says “Investigations into Megaspeed are ongoing.” In the same statement, its Home Affairs ministry says it never investigated Alice Huang herself.
The memo and the email
On 6th November, reports said a classified US memo, circulated earlier this year, describes a romantic relationship between Jensen Huang and Alice Huang. The memo hasn’t been published. One report says unnamed US officials don’t think Jensen Huang knew of the suspicions about her, and that he never got a defensive briefing, the warning US agencies give a person they think a foreign government is targeting.
On Sunday 8th November, Jensen Huang emailed Nvidia’s staff. “I was unfaithful to my wife,” he wrote. “There is no excuse for what I did. I am deeply sorry.” His email doesn’t name the woman, and Nvidia hasn’t said who she is. He also wrote: “I support the investigation and will cooperate fully.”
Nvidia’s board opened that investigation the same day, after reports that Jensen Huang “has been the target of a foreign intelligence effort”. It says it has “no reason to believe that either national security or NVIDIA secrets were compromised” and that “The Board has confidence in Jensen and his leadership team”. A committee of independent directors, with outside counsel, will oversee the investigation. The statement doesn’t name Alice Huang or Megaspeed.
Three Republican committee chairs in the US House of Representatives, citing press reports, call Alice Huang “a publicly reported Chinese intelligence asset”. They have asked Jensen Huang to a closed-door briefing on 18th November. He has until 11th November to accept or offer other dates. It’s a request, not a subpoena, the legal order that would force him to appear. US President Donald Trump, asked about him on Sunday, said: “I think he’s an honorable guy. I think he probably has an excuse for it.”
What we still don’t know
Some headlines call it a honeytrap, a relationship a spy agency sets up on purpose. None of the reporting we’ve seen says Beijing set up any relationship. Nobody has said in public what information, if any, Alice Huang gave to Beijing, whether Megaspeed’s hardware reached China, or where she is now. One report says she went to China in late 2024. No one has been charged. China denies the claims. Singapore says it never investigated her. She hasn’t commented.
So far, the claims about Alice Huang rest on unnamed officials and a classified memo no one has published, and no court has tested any of it. Nvidia’s board hasn’t said when its investigation will finish, and Jensen Huang has until Wednesday 11th November to answer the House chairs.
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