US Attorney General Todd Blanche has said that the Justice Department has not reached a conclusion on whether Alice Huang, a Chinese businesswoman linked to former Nvidia CEO Jensen Huang, was working as a Chinese spy. The FBI is investigating claims that she had connections with the Chinese government, Reuters reported.&nbsp;Speaking at a press conference on Thursday, Blanche confirmed that the FBI was looking into the allegations, saying the investigation was ongoing.&nbsp;US President Donald Trump also addressed the controversy in an interview released later on Thursday. Asked whether Jensen Huang should have stepped down, Trump said the key question was whether Alice Huang was a spy.&nbsp;"The big thing is, was the woman a spy? And I don't know if that's been determined yet. But if the woman was a spy, yes. If the woman was not a spy, perhaps it would be different," Trump told the "Straight Shooter" podcast, according to Reuters.&nbsp;Trump also had personally called Jensen Huang on Tuesday and urged him not to give in to pressure to step down as Nvidia's chief executive, The New York Times reported. The call came just days before the chipmaker announced Huang's departure amid the growing controversy.&nbsp;Also Read: <a href="https://www.wionews.com/world/ex-ceo-jensen-huang-accused-of-having-a-third-affair-with-another-nvidia-employee-1794521433107">Ex-CEO Jensen Huang accused of having a third affair, with another Nvidia employee</a><h3>Three alleged relationships emerge</h3>Huang's departure came amid an investigation by Nvidia's board into whether he had become the target of a foreign intelligence operation. The probe followed allegations involving Alice Huang, whom US officials suspect of having links to Chinese intelligence.&nbsp;Separately, The New York Times reported that Jensen Huang had an alleged affair with a senior executive who directly reported to him.&nbsp;A Reuters report on Thursday, citing two sources, also said Huang had been accused of having an "intimate" relationship with a third woman, another employee at the company. This brought a third alleged relationship into the controversy.&nbsp;Nvidia's board announced Huang's departure on Thursday, November 12, ending his 33-year tenure as the company's chief executive.&nbsp;Huang transformed Nvidia into one of the world's most valuable technology companies during his time at the helm. His exit came after days of speculation over his future as allegations of corporate misconduct and possible foreign intelligence links triggered an internal investigation.

The US Justice Department is yet to determine whether Alice Huang, a Chinese businesswoman linked to former Nvidia CEO Jensen Huang, was working for the Chinese government as the FBI investigates the allegations.

US Attorney General Todd Blanche has said that the Justice Department has not reached a conclusion on whether Alice Huang, a Chinese businesswoman linked to former Nvidia CEO Jensen Huang, was working as a Chinese spy. The FBI is investigating claims that she had connections with the Chinese government, Reuters reported. Speaking at a press conference on Thursday, Blanche confirmed that the FBI was looking into the allegations, saying the investigation was ongoing. US President Donald Trump also addressed the controversy in an interview released later on Thursday. Asked whether Jensen Huang should have stepped down, Trump said the key question was whether Alice Huang was a spy. "The big thing is, was the woman a spy? And I don't know if that's been determined yet. But if the woman was a spy, yes. If the woman was not a spy, perhaps it would be different," Trump told the "Straight Shooter" podcast, according to Reuters. Trump also had personally called Jensen Huang on Tuesday and urged him not to give in to pressure to step down as Nvidia's chief executive, The New York Times reported. The call came just days before the chipmaker announced Huang's departure amid the growing controversy. Also Read: Ex-CEO Jensen Huang accused of having a third affair, with another Nvidia employee Three alleged relationships emerge Huang's departure came amid an investigation by Nvidia's board into whether he had become the target of a foreign intelligence operation. The probe followed allegations involving Alice Huang, whom US officials suspect of having links to Chinese intelligence. Separately, The New York Times reported that Jensen Huang had an alleged affair with a senior executive who directly reported to him. A Reuters report on Thursday, citing two sources, also said Huang had been accused of having an "intimate" relationship with a third woman, another employee at the company. This brought a third alleged relationship into the controversy. Nvidia's board announced Huang's departure on Thursday, November 12, ending his 33-year tenure as the company's chief executive. Huang transformed Nvidia into one of the world's most valuable technology companies during his time at the helm. His exit came after days of speculation over his future as allegations of corporate misconduct and possible foreign intelligence links triggered an internal investigation.

The US Justice Department is yet to determine whether Alice Huang, a Chinese businesswoman linked to former Nvidia CEO Jensen Huang, was working for the Chinese government as the FBI investigates the allegations.

US Justice Dept yet to establish if Alice Huang was working for China amid Nvidia fallout

Nvidia's Jensen Huang has resigned. President Donald Trump has an unusual suggestion for his replacement. And Washington and Beijing are locked in an escalating dispute over allegations of Chinese espionage. The dramatic departure of Nvidia's billionaire co-founder and chief executive has shaken Silicon Valley, rattled investors and raised fresh questions about America's technological rivalry with China.&nbsp;Huang stepped down as President, CEO and board member with immediate effect, following revelations about his alleged relationship with a Chinese businesswoman suspected by American intelligence officials of spying for Beijing. Nvidia has appointed its longtime Chief Financial Officer, Colette Kress, as interim CEO while the company searches for a permanent successor. But President Donald Trump has already offered his preferred candidate: Former Apple CEO Tim Cook.&nbsp;In a remarkable Truth Social intervention, Trump declared that only Cook could replace Huang, describing the potential succession as ‘A Legend replaces a Legend!’ The endorsement raised eyebrows, not least because Cook now serves as Apple's executive chairman, and Nvidia's leadership decisions rest with its board, not the White House. Trump's response also marks a striking shift from his earlier defence of Huang. Just days ago, the president said he believed Huang's claim that he had no knowledge of the woman's alleged intelligence connections.

At the centre of the controversy is Alice Huang, a former executive at Singapore-based Megaspeed, whom American authorities reportedly suspect of links to Chinese intelligence. Beijing has rejected the espionage accusations as groundless, while Nvidia maintains that it has no reason to believe its corporate secrets or American national security were compromised. The FBI is investigating, although the allegations have not been established in court.&nbsp;Meanwhile, Democratic lawmakers are demanding answers about what senior Trump administration officials knew and whether national security warnings influenced decisions permitting advanced American semiconductor exports to China. The controversy threatens to deepen an already bitter technological confrontation between Washington and Beijing, with advanced AI chips increasingly treated as strategic national security assets.&nbsp;For Nvidia , Huang's departure ends a remarkable 33-year leadership era and leaves the world's AI chip powerhouse facing an uncertain transition. For Trump, the questions are becoming increasingly uncomfortable. Did Washington adequately protect America's technological secrets? Were commercial interests allowed to outweigh security concerns? And why is the president publicly suggesting a successor while federal investigators examine the allegations? What began as a controversy surrounding a technology billionaire has now become a test of corporate accountability, presidential judgment and the fragile balance of power in the global artificial intelligence race.

NVIDIA CEO Jensen Huang's alleged China espionage controversy sparks global attention as Donald Trump suggests Tim Cook as his replacement

Nvidia's Jensen Huang has resigned. President Donald Trump has an unusual suggestion for his replacement. And Washington and Beijing are locked in an escalating dispute over allegations of Chinese espionage. The dramatic departure of Nvidia's billionaire co-founder and chief executive has shaken Silicon Valley, rattled investors and raised fresh questions about America's technological rivalry with China. Huang stepped down as President, CEO and board member with immediate effect, following revelations about his alleged relationship with a Chinese businesswoman suspected by American intelligence officials of spying for Beijing. Nvidia has appointed its longtime Chief Financial Officer, Colette Kress, as interim CEO while the company searches for a permanent successor. But President Donald Trump has already offered his preferred candidate: Former Apple CEO Tim Cook. In a remarkable Truth Social intervention, Trump declared that only Cook could replace Huang, describing the potential succession as ‘A Legend replaces a Legend!’ The endorsement raised eyebrows, not least because Cook now serves as Apple's executive chairman, and Nvidia's leadership decisions rest with its board, not the White House. Trump's response also marks a striking shift from his earlier defence of Huang. Just days ago, the president said he believed Huang's claim that he had no knowledge of the woman's alleged intelligence connections.

NVIDIA CEO Jensen Huang resigns amid China espionage allegations as Trump backs Tim Cook as his surprising replacement

Nvidia in turmoil: Jensen Huang quits, Trump picks Tim Cook as US-China spy row deepens | RTP

US President Donald Trump on Thursday (November 12) suggested that former Apple CEO Tim Cook should replace Jensen Huang as the head of Nvidia after the Silicon Valley billionaire resigned following revelations of two extramarital affairs. One of the alleged relationships was with a suspected Chinese intelligence asset, while the other involved a company executive.&nbsp;In a post on Truth Social, Trump praised Huang's performance, describing him as having done a ‘fantastic job’, before declaring that there was "only one man" suited to succeed him: Apple's Tim Cook. "Now that Nvidia CEO JENSEN HUANG, who has done a fantastic job, has resigned, there is only one man to take his place -- TIM COOK of Apple. A Legend replaces a Legend!", he wrote.&nbsp;Also Read: <a href="https://www.ndtv.com/world-news/trump-pitches-for-apples-tim-cook-as-next-nvidia-boss-12318910">Who is Colette Kress? Meet Nvidia's new interim CEO after Jensen Huang resigns</a>

The relationship between Huang and Trump has strengthened since at least 2025, developing into one of the closest partnerships between the Trump administration and Silicon Valley. Over the past two years, Huang has repeatedly supported the White House's agenda and maintained a regular presence in Washington, advocating for Nvidia's ability to sell advanced semiconductors to the Chinese market.&nbsp;In May, Huang accompanied Trump aboard Air Force One during the first US presidential visit to China in almost ten years. He subsequently attended a major White House state dinner for Chinese President Xi Jinping in September. Media reports also indicated that Nvidia had pledged $25 million towards Trump's proposed White House ballroom. According to The New York Times, Trump had been briefed about Huang's relationship with the woman and the fact that she was providing information to the Chinese government. However, Trump reportedly chose not to act on the information.&nbsp;Also Read: <a href="https://www.wionews.com/world/jensen-huang-resigns-as-nvidia-ceo-effective-immediately-company-announces-1794491753617">Jensen Huang resigns as Nvidia CEO effective immediately, company announces; Colette Kress to serve as interim CEO</a>

Donald Trump suggests Apple CEO Tim Cook replace Jensen Huang as Nvidia CEO following reports of his resignation and alleged extramarital affairs

US President Donald Trump on Thursday (November 12) suggested that former Apple CEO Tim Cook should replace Jensen Huang as the head of Nvidia after the Silicon Valley billionaire resigned following revelations of two extramarital affairs. One of the alleged relationships was with a suspected Chinese intelligence asset, while the other involved a company executive. In a post on Truth Social, Trump praised Huang's performance, describing him as having done a ‘fantastic job’, before declaring that there was "only one man" suited to succeed him: Apple's Tim Cook. "Now that Nvidia CEO JENSEN HUANG, who has done a fantastic job, has resigned, there is only one man to take his place -- TIM COOK of Apple. A Legend replaces a Legend!", he wrote. Also Read: Who is Colette Kress? Meet Nvidia's new interim CEO after Jensen Huang resigns

Trump suggests Apple CEO Tim Cook replace Jensen Huang as Nvidia chief following the billionaire's resignation and alleged affairs

'A Legend replaces a Legend': Trump backs Tim Cook to replace Jensen Huang as Nvidia CEO

Colette Kress, Nvidia’s longtime chief financial officer, has been appointed interim chief executive officer by the company’s board of directors. Kress joined Nvidia in 2013 and has worked closely with Jensen Huang as the company evolved from a niche graphics processor manufacturer serving the video game industry into a major player in the artificial intelligence boom. Before joining Nvidia, she held positions at Cisco and Microsoft. Kress earned an undergraduate degree in finance from the University of Arizona and an MBA from Southern Methodist University. She will continue serving as Nvidia’s finance chief while taking on the interim CEO position.<h2>A close working relationship with Jensen Huang</h2>Before hiring Kress as CFO, Jensen Huang interviewed 22 candidates for the position. At the time, Kress’s young sons, who were enthusiastic gamers, encouraged her to join Nvidia. During her first week at the company, Kress asked Huang how long he expected her to remain in the role. “I said, ‘For as long as we shall live and death do us part,’” Mr. Jensen said in a podcast appearance this year.<h2>Concerns over Nvidia's business in China</h2>During her tenure as chief financial officer, Kress raised concerns about the financial consequences of US policies restricting Nvidia’s sales to China. In 2023, she told financial analysts during an earnings call that China represented between 20 and 25 percent of Nvidia’s data center revenue. She also warned that the restrictions could have consequences beyond lost sales, potentially strengthening Nvidia’s competitors in the Chinese market.&nbsp;Also Read: <a href="https://www.wionews.com/world/jensen-huang-resigns-as-nvidia-ceo-effective-immediately-company-announces-1794491753617">Jensen Huang resigns as Nvidia CEO effective immediately, company announces; Colette Kress to serve as interim CEO</a><h2>Nvidia's key liaison with Wall Street</h2>As CFO, one of Kress’s primary responsibilities was maintaining communication with Wall Street and Nvidia’s investors. During quarterly earnings calls, she consistently delivered an optimistic outlook as Nvidia’s revenue and share price climbed sharply. The company's sales stood at $4.28 billion in 2013. By its most recent fiscal year, annual revenue had grown to $215.9 billion.<h2>Colette Kress's personal wealth</h2>Kress has also benefited financially from Nvidia’s dramatic rise in stock value. According to the company's most recent annual report, she owned approximately 4.44 million Nvidia shares, valued at around $772 million.

Who is Colette Kress? Explore Nvidia’s interim CEO’s career, relationship with Jensen Huang, China concerns, Wall Street role and $772 million shareholding

Colette Kress, Nvidia’s longtime chief financial officer, has been appointed interim chief executive officer by the company’s board of directors. Kress joined Nvidia in 2013 and has worked closely with Jensen Huang as the company evolved from a niche graphics processor manufacturer serving the video game industry into a major player in the artificial intelligence boom. Before joining Nvidia, she held positions at Cisco and Microsoft. Kress earned an undergraduate degree in finance from the University of Arizona and an MBA from Southern Methodist University. She will continue serving as Nvidia’s finance chief while taking on the interim CEO position. A close working relationship with Jensen Huang Before hiring Kress as CFO, Jensen Huang interviewed 22 candidates for the position. At the time, Kress’s young sons, who were enthusiastic gamers, encouraged her to join Nvidia. During her first week at the company, Kress asked Huang how long he expected her to remain in the role. “I said, ‘For as long as we shall live and death do us part,’” Mr. Jensen said in a podcast appearance this year. Concerns over Nvidia's business in China During her tenure as chief financial officer, Kress raised concerns about the financial consequences of US policies restricting Nvidia’s sales to China. In 2023, she told financial analysts during an earnings call that China represented between 20 and 25 percent of Nvidia’s data center revenue. She also warned that the restrictions could have consequences beyond lost sales, potentially strengthening Nvidia’s competitors in the Chinese market. Also Read: Jensen Huang resigns as Nvidia CEO effective immediately, company announces; Colette Kress to serve as interim CEO Nvidia's key liaison with Wall Street As CFO, one of Kress’s primary responsibilities was maintaining communication with Wall Street and Nvidia’s investors. During quarterly earnings calls, she consistently delivered an optimistic outlook as Nvidia’s revenue and share price climbed sharply. The company's sales stood at $4.28 billion in 2013. By its most recent fiscal year, annual revenue had grown to $215.9 billion. Colette Kress's personal wealth Kress has also benefited financially from Nvidia’s dramatic rise in stock value. According to the company's most recent annual report, she owned approximately 4.44 million Nvidia shares, valued at around $772 million.

Colette Kress, Nvidia’s longtime Chief Financial Officer, takes over as interim CEO, bringing years of experience working alongside Jensen Huang

Who is Colette Kress? Meet Nvidia's new interim CEO after Jensen Huang resigns

Former Megaspeed executive Alice Huang has been issued a stern warning and barred from re-entering Singapore after police assessed that she knowingly provided inaccurate information to downplay her role in the company during investigations, the Ministry of Home Affairs (MHA) said on Thursday (Nov 12). In February 2026, following consultations with the Attorney-General's Chambers (AGC), police concluded that there was insufficient evidence to establish that Huang had committed any offences relating to the potentially inaccurate declarations under investigation at Megaspeed.&nbsp;MHA said investigations into Megaspeed and six other individuals remain ongoing. None of the six individuals has been in Singapore since the investigations began in February 2025. “Singapore is committed to upholding our reputation as a trusted and reliable business hub. We will not allow companies or individuals to misuse Singapore's business environment to engage in fraud or dishonest practices,” MHA said.&nbsp;The ministry added that Huang's passport was returned on Feb 26, 2026, and she departed Singapore on the same day.Singapore-based Megaspeed has faced scrutiny following reports that US intelligence officials suspected its former executive Huang of spying for Beijing. Huang is also involved in an affair with Nvidia CEO Jensen Huang.<h2>Investigations into Megaspeed and Alice Huang</h2>The Singapore Police Force (SPF) and Singapore Customs launched an independent investigation in February 2025 into several companies and their key officers over suspected offences involving potentially false declarations in server purchases and other related offences. Megaspeed and its controllers were among those being investigated.&nbsp;Huang, a Hong Kong resident, was investigated over her suspected involvement in the potential offences in Singapore because of her position as Megaspeed's then-CEO, chairperson and one of its key controllers. However, she was not based in Singapore and was not investigated for espionage, MHA said.&nbsp;During a press conference on Mar 3, 2025, Coordinating Minister for National Security and Minister for Home Affairs K Shanmugam said the investigations were not initiated following a request from any country or sovereign entity. On Jun 24, 2025, the US Bureau of Industry and Security conducted a voluntary post-shipment verification check at Megaspeed, with Huang present. MHA said this was the first time Singapore became aware of the US' interest in Megaspeed and Huang. On the same day, SPF interviewed Huang as part of its investigation into Megaspeed and impounded her passport to secure her attendance, given that she was not based in Singapore.&nbsp;Also Read: <a href="https://www.wionews.com/world/jensen-huang-resigns-as-nvidia-ceo-effective-immediately-company-announces-1794491753617">Jensen Huang resigns as Nvidia CEO effective immediately, company announces; Colette Kress to serve as interim CEO</a><h2>Server exports through Singapore</h2>According to MHA, physical servers purchased by companies under investigation were exported through Singapore to Malaysia without entering the Singapore market. Police were investigating whether the servers were subsequently transported from Malaysia to another destination, contrary to the declarations made by the companies in Singapore. SPF needed to verify the declarations against information and records from other jurisdictions, including the countries where the servers originated and were ultimately destined.&nbsp;To support its independent investigations, Singapore sought information from the US and other destination jurisdictions, the ministry said. In particular, police requested information concerning Supermicro, a US-based server supplier, which was relevant to the investigation. After Supermicro provided limited cooperation, SPF and AGC raised the matter with US authorities during a meeting on Jul 7, 2025, requesting assistance in obtaining the company's cooperation. Since September 2025, SPF has made repeated requests to the US Department of Justice and the Federal Bureau of Investigation for assistance.&nbsp;"Despite these repeated requests, Singapore has to date received limited information or assistance in respect of the company," MHA said. The ministry also revealed that Singapore had charged four individuals and four companies in court between February 2025 and July 2026 for offences, including fraud by false representation involving server purchases. Such offences carry prison sentences of up to 20 years each. MHA said Singapore does not enforce unilateral export controls imposed by other countries. However, it expects companies operating in Singapore to consider such regulations, including export controls, when conducting international business activities.&nbsp;"Singapore does not condone companies using their association with Singapore to circumvent or violate other countries’ export controls through fraud or dishonest practices," it said. "Our approach is clear. Singapore will conduct its own investigations independently, in accordance with our laws and based on the evidence available. "We will cooperate with foreign authorities where appropriate, and take firm enforcement action wherever the evidence warrants it."<h2>Megaspeed says it is committed to compliance</h2>On Thursday, Megaspeed CEO and Chairman James Tan Yong Pong said: "Compliance is a fundamental priority for the company, and Megaspeed is committed to working constructively and transparently with the US government.” In a statement published on the company's website, Tan said Megaspeed had cooperated with inspections conducted by the US Department of Commerce's Bureau of Industry and Security.&nbsp;He added that the company "stands ready to cooperate fully with any other relevant US government authority". Tan also said Megaspeed had appointed a leading US law firm to carry out a comprehensive census of its graphics processing units and independently assess its export control compliance practices. "Megaspeed welcomes appropriate government scrutiny and is committed to demonstrating through concrete actions that it operates responsibly, transparently, and in accordance with applicable US laws," Tan added.

Singapore has barred former Megaspeed executive Alice Huang from re-entering the country after police assessed her statements during the company's investigation

Former Megaspeed executive Alice Huang has been issued a stern warning and barred from re-entering Singapore after police assessed that she knowingly provided inaccurate information to downplay her role in the company during investigations, the Ministry of Home Affairs (MHA) said on Thursday (Nov 12). In February 2026, following consultations with the Attorney-General's Chambers (AGC), police concluded that there was insufficient evidence to establish that Huang had committed any offences relating to the potentially inaccurate declarations under investigation at Megaspeed. MHA said investigations into Megaspeed and six other individuals remain ongoing. None of the six individuals has been in Singapore since the investigations began in February 2025. “Singapore is committed to upholding our reputation as a trusted and reliable business hub. We will not allow companies or individuals to misuse Singapore's business environment to engage in fraud or dishonest practices,” MHA said. The ministry added that Huang's passport was returned on Feb 26, 2026, and she departed Singapore on the same day. Singapore-based Megaspeed has faced scrutiny following reports that US intelligence officials suspected its former executive Huang of spying for Beijing. Huang is also involved in an affair with Nvidia CEO Jensen Huang. Investigations into Megaspeed and Alice Huang The Singapore Police Force (SPF) and Singapore Customs launched an independent investigation in February 2025 into several companies and their key officers over suspected offences involving potentially false declarations in server purchases and other related offences. Megaspeed and its controllers were among those being investigated. Huang, a Hong Kong resident, was investigated over her suspected involvement in the potential offences in Singapore because of her position as Megaspeed's then-CEO, chairperson and one of its key controllers. However, she was not based in Singapore and was not investigated for espionage, MHA said. During a press conference on Mar 3, 2025, Coordinating Minister for National Security and Minister for Home Affairs K Shanmugam said the investigations were not initiated following a request from any country or sovereign entity. On Jun 24, 2025, the US Bureau of Industry and Security conducted a voluntary post-shipment verification check at Megaspeed, with Huang present. MHA said this was the first time Singapore became aware of the US' interest in Megaspeed and Huang. On the same day, SPF interviewed Huang as part of its investigation into Megaspeed and impounded her passport to secure her attendance, given that she was not based in Singapore. Also Read: Jensen Huang resigns as Nvidia CEO effective immediately, company announces; Colette Kress to serve as interim CEO Server exports through Singapore According to MHA, physical servers purchased by companies under investigation were exported through Singapore to Malaysia without entering the Singapore market. Police were investigating whether the servers were subsequently transported from Malaysia to another destination, contrary to the declarations made by the companies in Singapore. SPF needed to verify the declarations against information and records from other jurisdictions, including the countries where the servers originated and were ultimately destined. To support its independent investigations, Singapore sought information from the US and other destination jurisdictions, the ministry said. In particular, police requested information concerning Supermicro, a US-based server supplier, which was relevant to the investigation. After Supermicro provided limited cooperation, SPF and AGC raised the matter with US authorities during a meeting on Jul 7, 2025, requesting assistance in obtaining the company's cooperation. Since September 2025, SPF has made repeated requests to the US Department of Justice and the Federal Bureau of Investigation for assistance. "Despite these repeated requests, Singapore has to date received limited information or assistance in respect of the company," MHA said. The ministry also revealed that Singapore had charged four individuals and four companies in court between February 2025 and July 2026 for offences, including fraud by false representation involving server purchases. Such offences carry prison sentences of up to 20 years each. MHA said Singapore does not enforce unilateral export controls imposed by other countries. However, it expects companies operating in Singapore to consider such regulations, including export controls, when conducting international business activities. "Singapore does not condone companies using their association with Singapore to circumvent or violate other countries’ export controls through fraud or dishonest practices," it said. "Our approach is clear. Singapore will conduct its own investigations independently, in accordance with our laws and based on the evidence available. "We will cooperate with foreign authorities where appropriate, and take firm enforcement action wherever the evidence warrants it." Megaspeed says it is committed to compliance On Thursday, Megaspeed CEO and Chairman James Tan Yong Pong said: "Compliance is a fundamental priority for the company, and Megaspeed is committed to working constructively and transparently with the US government.” In a statement published on the company's website, Tan said Megaspeed had cooperated with inspections conducted by the US Department of Commerce's Bureau of Industry and Security. He added that the company "stands ready to cooperate fully with any other relevant US government authority". Tan also said Megaspeed had appointed a leading US law firm to carry out a comprehensive census of its graphics processing units and independently assess its export control compliance practices. "Megaspeed welcomes appropriate government scrutiny and is committed to demonstrating through concrete actions that it operates responsibly, transparently, and in accordance with applicable US laws," Tan added.

Singapore barred former Megaspeed executive Alice Huang from re-entering after police found she knowingly provided inaccurate information

Singapore bars former Megaspeed CEO Alice Huang from re-entering country after police find she knowingly downplayed her role

Jensen Huang has resigned from his position as the CEO, president and board member of Nvidia, a company he started in 1993 and remained at the helm since the beginning. Problems kept piling up for him after he admitted to cheating on his wife on Sunday (Nov 8). The Nvidia board met on Wednesday to discuss ousting him. Huang was also reportedly involved with another woman who reported to him at Nvidia. Huang, an electrical engineer, founded the company that has now exploded in value because of the AI boom. He was not only the CEO, but also the president of Nvidia.&nbsp;<h2>Jensen Huang early life</h2> Huang was born to Taiwanese parents who moved to Thailand when he was five years old. The political situation in the country amid the Vietnam War led his parents to send him and his brother to the United States. He arrived in Washington at the age of nine, where he lived with his relatives. His uncle mistakenly enrolled them at a Baptist school in rural Kentucky, thinking it was an elite institute. But the religious reform school was an institute for troubled youth, and Huang faced extreme bullying here and was forced to clean toilets daily. Two years later, his parents moved to the US and took their children to Oregon.Also Read: <a href="https://www.wionews.com/world/jensen-huang-resigns-as-nvidia-ceo-effective-immediately-company-announces-1794491753617">Jensen Huang resigns as Nvidia CEO effective immediately, company announces</a><h2>Jensen Huang engineering degree</h2>He graduated high school two years early, was a nationally ranked junior table tennis player, and went on to earn a BS in Electrical Engineering from Oregon State University in 1984. This is where he met Lori Mills, his future wife. He also earned an MS in Electrical Engineering from Stanford University in 1992.Also Read: <a href="https://www.wionews.com/world/bystander-filmed-jensen-huang-with-kimberly-powell-at-san-jose-hotel-was-made-to-sign-nda-1794460218922">Bystander filmed Jensen Huang with Kimberly Powell at San Jose hotel, was made to sign NDA</a>&nbsp;Huanh co-founded Nvidia with Chris Malachowsky and Curtis Priem in San Jose with $40,000 in seed money and became the CEO. The company was on the verge of shutting down after its first graphics chip (NV1) failed. It was saved by the release of the RIVA 128 graphics processor. Nvidia went public on the Nasdaq in January 1999 and launched the GeForce 256 later that year, and called it the world's first Graphics Processing Unit (GPU). Huang got the Nvidia logo tattooed on his shoulder after the share price hit $100.Also Read: <a href="https://www.wionews.com/world/where-is-alice-huang-the-alleged-spy-who-had-an-affair-with-jensen-huang-1794470118677">Where is Alice Huang, the alleged spy who had an affair with Jensen Huang? Here is what we know</a><h2>AI boom and Nvidia</h2>In 2006, he championed CUDA, a software platform allowing developers to use GPUs for general-purpose parallel computing beyond video games. Artificial Intelligence is what ultimately brought Nvidia real limelight after researchers found that CUDA-enabled GPUs were ideal for training deep neural networks. Nvidia became the foundational hardware and software provider for modern artificial intelligence. Nvidia became the first publicly traded company to surpass a $5 trillion market valuation in October 2025. &nbsp;

Jensen Huang has resigned after finding himself at the centre of a major controversy involving a woman who was allegedly a Chinese spy. Huang started Nvidia in 1993 and has been the CEO since then. He had humble beginnings as a Taiwanese in America.

Jensen Huang has resigned from his position as the CEO, president and board member of Nvidia, a company he started in 1993 and remained at the helm since the beginning. Problems kept piling up for him after he admitted to cheating on his wife on Sunday (Nov 8). The Nvidia board met on Wednesday to discuss ousting him. Huang was also reportedly involved with another woman who reported to him at Nvidia. Huang, an electrical engineer, founded the company that has now exploded in value because of the AI boom. He was not only the CEO, but also the president of Nvidia. Jensen Huang early life Huang was born to Taiwanese parents who moved to Thailand when he was five years old. The political situation in the country amid the Vietnam War led his parents to send him and his brother to the United States. He arrived in Washington at the age of nine, where he lived with his relatives. His uncle mistakenly enrolled them at a Baptist school in rural Kentucky, thinking it was an elite institute. But the religious reform school was an institute for troubled youth, and Huang faced extreme bullying here and was forced to clean toilets daily. Two years later, his parents moved to the US and took their children to Oregon. Also Read: Jensen Huang resigns as Nvidia CEO effective immediately, company announces Jensen Huang engineering degree He graduated high school two years early, was a nationally ranked junior table tennis player, and went on to earn a BS in Electrical Engineering from Oregon State University in 1984. This is where he met Lori Mills, his future wife. He also earned an MS in Electrical Engineering from Stanford University in 1992. Also Read: Bystander filmed Jensen Huang with Kimberly Powell at San Jose hotel, was made to sign NDA Huanh co-founded Nvidia with Chris Malachowsky and Curtis Priem in San Jose with $40,000 in seed money and became the CEO. The company was on the verge of shutting down after its first graphics chip (NV1) failed. It was saved by the release of the RIVA 128 graphics processor. Nvidia went public on the Nasdaq in January 1999 and launched the GeForce 256 later that year, and called it the world's first Graphics Processing Unit (GPU). Huang got the Nvidia logo tattooed on his shoulder after the share price hit $100. Also Read: Where is Alice Huang, the alleged spy who had an affair with Jensen Huang? Here is what we know AI boom and Nvidia In 2006, he championed CUDA, a software platform allowing developers to use GPUs for general-purpose parallel computing beyond video games. Artificial Intelligence is what ultimately brought Nvidia real limelight after researchers found that CUDA-enabled GPUs were ideal for training deep neural networks. Nvidia became the foundational hardware and software provider for modern artificial intelligence. Nvidia became the first publicly traded company to surpass a $5 trillion market valuation in October 2025.

Jensen Huang has resigned after finding himself at the centre of a major controversy involving a woman who was allegedly a Chinese spy. Huang started Nvidia in 1993 and has been the CEO since then. He had humble beginnings as a Taiwanese in America.

33-year reign ends as Jensen Huang resigns: About the long-time Nvidia chief

Megaspeed International on Thursday (Nov 12) said that it was investigating its chip export practices after allegations that a former executive was spying for China. This comes amid controversy involving Nvidia CEO Jensen Huang’s affair with Alice Huang, who is suspected of being a Chinese spy. While China has denied the allegations, concerns over national security have been raised. Meanwhile, Nvidia’s board is reportedly weighing whether to remove Jensen following the scandal.In a statement, Megaspeed CEO Tan Yong Pong said, “Megaspeed has retained a leading US law firm to lead a comprehensive census of its graphics processing units (GPUs) and independently verify its export control compliance practices.”The statement added, “Megaspeed takes its compliance obligations under US export control laws extremely seriously. Compliance is a fundamental priority for the company, and Megaspeed is committed to working constructively and transparently with the US government.”<h2>What is the Nvidia controversy?</h2>Controversy began after reports on the Nvidia CEO’s alleged relationships with Alice Huang, a former Megaspeed executive. Alice has been accused of spying for China by US intelligence. Jensen has admitted being unfaithful to his wife, while NVIDIA’s board has launched an independent investigation into the matter. The company has said it has no reason to believe its trade secrets or US national security information were compromised. However, the allegations have raised questions about national security and Washington’s handling of chip exports.The Singapore-based company has bought more than $4.8 billion worth of NVIDIA AI chips since June 2024 and is under investigation over suspected diversion of restricted chips to China.According to the Bloomberg, Alice is no longer in the US and has returned to China. US intelligence agencies have reportedly been tracking Alice for the past two years, uncovering alleged links to Beijing. Investigators suspect she was recruited by China's Ministry of State Security to obtain information about NVIDIA's most advanced chips. She is also accused of influencing Huang to sell billions of dollars' worth of advanced chips to Megaspeed, the Singapore-based firm where she served as director. US investigators believe the company may have been used as a channel to divert NVIDIA chips to China.

Megaspeed has hired a US law firm to review its chip exports amid allegations that a former executive spied for China and helped divert billions of dollars' worth of Nvidia chips.

Megaspeed International on Thursday (Nov 12) said that it was investigating its chip export practices after allegations that a former executive was spying for China. This comes amid controversy involving Nvidia CEO Jensen Huang’s affair with Alice Huang, who is suspected of being a Chinese spy. While China has denied the allegations, concerns over national security have been raised. Meanwhile, Nvidia’s board is reportedly weighing whether to remove Jensen following the scandal. In a statement, Megaspeed CEO Tan Yong Pong said, “Megaspeed has retained a leading US law firm to lead a comprehensive census of its graphics processing units (GPUs) and independently verify its export control compliance practices.” The statement added, “Megaspeed takes its compliance obligations under US export control laws extremely seriously. Compliance is a fundamental priority for the company, and Megaspeed is committed to working constructively and transparently with the US government.” What is the Nvidia controversy? Controversy began after reports on the Nvidia CEO’s alleged relationships with Alice Huang, a former Megaspeed executive. Alice has been accused of spying for China by US intelligence. Jensen has admitted being unfaithful to his wife, while NVIDIA’s board has launched an independent investigation into the matter. The company has said it has no reason to believe its trade secrets or US national security information were compromised. However, the allegations have raised questions about national security and Washington’s handling of chip exports. The Singapore-based company has bought more than $4.8 billion worth of NVIDIA AI chips since June 2024 and is under investigation over suspected diversion of restricted chips to China. According to the Bloomberg, Alice is no longer in the US and has returned to China. US intelligence agencies have reportedly been tracking Alice for the past two years, uncovering alleged links to Beijing. Investigators suspect she was recruited by China's Ministry of State Security to obtain information about NVIDIA's most advanced chips. She is also accused of influencing Huang to sell billions of dollars' worth of advanced chips to Megaspeed, the Singapore-based firm where she served as director. US investigators believe the company may have been used as a channel to divert NVIDIA chips to China.

Megaspeed has hired a US law firm to review its chip exports amid allegations that a former executive spied for China and helped divert billions of dollars' worth of Nvidia chips.

Nvidia scandal: Singapore firm Megaspeed launches investigation into chip export – Here’s why

Jensen Huang may have been ousted as Nvidia CEO by the time you read this. But some analysts argue he should not be fired over his extramarital affair with alleged Chinese spy Alice Huang, warning it would create more problems than it solves. Nvidia's board is meeting on Wednesday (Nov 12) to decide Huang's future. Under Nvidia's bylaws, the 11-member board can remove him by a simple majority. No decision had been announced at the time of writing. Meanwhile, reports emerged that Jensen had a second affair, with Nvidia healthcare executive Kimberly Powell.<h2>Forced ousters of CEOs: Bad for business?</h2>The Kobeissi Letter shared an analysis on X showing that forced CEO ousters have not helped the companies involved. Several industry observers, investors, venture capitalists and commentators share the same view. It urged the board not to fire Huang, mainly because there is no clear replacement, arguing he is irreplaceable to Nvidia's AI leadership.&nbsp;It cited a study of 187 forced CEO departures from S&amp;P 1500 firms, which found that removing overperforming leaders led to negative long-term stock returns.&nbsp;It also noted that Amazon retained Jeff Bezos as CEO after his affair became public in 2019, and the company's stock rose 108 per cent by 2021. It warned against hasty action over personal misconduct.It noted that Nvidia stock had fallen 35 per cent in 26 trading days, nearly half of it due to the scandal, and that Huang's removal was now about 80 per cent priced in.&nbsp;Given the stakes for Nvidia and the AI sector, it called for a special shareholder meeting with an advisory vote.Also read: <a href="https://www.wionews.com/world/months-before-jensen-huang-affair-a-short-seller-bet-against-nvidia-stock-over-china-problem-he-was-not-the-only-one-who-had-doubts-1794467479350">Months before Jensen Huang affair, a short seller bet against Nvidia stock over 'China problem'. He was not the only one with doubts</a><h2>Lack of a clear successor could be a problem for Nvidia</h2>Dan Ives of Yorkville Ives, a prominent tech analyst, called Huang the "core DNA of Nvidia and its AI success" and said he is not replaceable. He described Huang as the "central nervous system" of the broader American tech and AI ecosystem, and estimated Nvidia could lose 25 to 30 per cent of its market value if Huang exits.Ben Thompson, an independent tech analyst, wrote that without evidence of a clear betrayal of US interests, "it is in the interests of the US that Huang continue to be CEO of Nvidia."<a href="https://www.wionews.com/videos/china-uses-honey-trap-to-steal-hi-tech-secrets-how-alice-huang-targeted-nvidia-ceo-huang-1794243555660/embed">https://www.wionews.com/videos/china-uses-honey-trap-to-steal-hi-tech-secrets-how-alice-huang-targeted-nvidia-ceo-huang-1794243555660/embed</a><h2>‘Ousting Huang would benefit China’</h2>Gavin Baker, managing partner at Atreides Management, who has known Huang for nearly 30 years, said he does not believe Huang would knowingly disadvantage the US or Nvidia. He has argued that Huang's push to export less powerful AI chips to China serves US national security, and that removing him could ultimately benefit China.Stacy Rasgon, senior analyst at Bernstein Research, said shareholders and boards do not want Huang to step down. Bernstein analysts described Nvidia as "not an ordinary company and Jensen is not an ordinary CEO; he IS Nvidia", noting he sets long-term strategy and directs most key decisions.Shaun Maguire, a partner at Sequoia Capital and an early Nvidia investor, said Huang "did something incredibly dumb" but remains "irreplaceable for America's AI leadership". &nbsp;Elon Musk endorsed the post.&nbsp;Maguire cautioned against actions that would "nuke our AI industry because China ran a successful intel op."Also read: <a href="https://www.wionews.com/world/who-is-kimberly-powell-nvidia-vp-jensen-huang-allegedly-had-an-affair-with-1794452611809">Who is Kimberly Powell, the woman Jensen Huang allegedly had a second affair with?</a><h2>Nvidia stock will bleed further if Huang is ousted</h2>Investor Michael Monaghan called Huang irreplaceable and indicated his firm would sell Nvidia shares if he exits.Semiconductor analyst Jay Goldberg said there is "no ready alternative" to Huang and that his departure would disrupt Nvidia's decision-making.<h2>The real problem is Huang's outsized role at Nvidia</h2>These views stem from Huang's hands-on approach and outsized role at Nvidia, where he has dozens of direct reports. Before the scandal broke, he enjoyed rock-star status as the public face of the AI boom. Observers point to the lack of a succession plan or a ready internal candidate.This will compound matters, particularly if investigations uncover no clear corporate or national-security wrongdoing beyond personal misconduct. And spy cases are rarely resolved conclusively.

Nvidia’s board is weighing the ouster of its CEO Jensen Huang over his affair with alleged Chinese spy Alice Huang. But several observers and experts say he is irreplaceable for the AI chip firm, and for the future of the wider American AI industry.

Jensen Huang may have been ousted as Nvidia CEO by the time you read this. But some analysts argue he should not be fired over his extramarital affair with alleged Chinese spy Alice Huang, warning it would create more problems than it solves. Nvidia's board is meeting on Wednesday (Nov 12) to decide Huang's future. Under Nvidia's bylaws, the 11-member board can remove him by a simple majority. No decision had been announced at the time of writing. Meanwhile, reports emerged that Jensen had a second affair, with Nvidia healthcare executive Kimberly Powell. Forced ousters of CEOs: Bad for business? The Kobeissi Letter shared an analysis on X showing that forced CEO ousters have not helped the companies involved. Several industry observers, investors, venture capitalists and commentators share the same view. It urged the board not to fire Huang, mainly because there is no clear replacement, arguing he is irreplaceable to Nvidia's AI leadership. It cited a study of 187 forced CEO departures from S&P 1500 firms, which found that removing overperforming leaders led to negative long-term stock returns. It also noted that Amazon retained Jeff Bezos as CEO after his affair became public in 2019, and the company's stock rose 108 per cent by 2021. It warned against hasty action over personal misconduct. It noted that Nvidia stock had fallen 35 per cent in 26 trading days, nearly half of it due to the scandal, and that Huang's removal was now about 80 per cent priced in. Given the stakes for Nvidia and the AI sector, it called for a special shareholder meeting with an advisory vote. Also read: Months before Jensen Huang affair, a short seller bet against Nvidia stock over 'China problem'. He was not the only one with doubts Lack of a clear successor could be a problem for Nvidia Dan Ives of Yorkville Ives, a prominent tech analyst, called Huang the "core DNA of Nvidia and its AI success" and said he is not replaceable. He described Huang as the "central nervous system" of the broader American tech and AI ecosystem, and estimated Nvidia could lose 25 to 30 per cent of its market value if Huang exits. Ben Thompson, an independent tech analyst, wrote that without evidence of a clear betrayal of US interests, "it is in the interests of the US that Huang continue to be CEO of Nvidia." https://www.wionews.com/videos/china-uses-honey-trap-to-steal-hi-tech-secrets-how-alice-huang-targeted-nvidia-ceo-huang-1794243555660/embed ‘Ousting Huang would benefit China’ Gavin Baker, managing partner at Atreides Management, who has known Huang for nearly 30 years, said he does not believe Huang would knowingly disadvantage the US or Nvidia. He has argued that Huang's push to export less powerful AI chips to China serves US national security, and that removing him could ultimately benefit China. Stacy Rasgon, senior analyst at Bernstein Research, said shareholders and boards do not want Huang to step down. Bernstein analysts described Nvidia as "not an ordinary company and Jensen is not an ordinary CEO; he IS Nvidia", noting he sets long-term strategy and directs most key decisions. Shaun Maguire, a partner at Sequoia Capital and an early Nvidia investor, said Huang "did something incredibly dumb" but remains "irreplaceable for America's AI leadership". Elon Musk endorsed the post. Maguire cautioned against actions that would "nuke our AI industry because China ran a successful intel op." Also read: Who is Kimberly Powell, the woman Jensen Huang allegedly had a second affair with? Nvidia stock will bleed further if Huang is ousted Investor Michael Monaghan called Huang irreplaceable and indicated his firm would sell Nvidia shares if he exits. Semiconductor analyst Jay Goldberg said there is "no ready alternative" to Huang and that his departure would disrupt Nvidia's decision-making. The real problem is Huang's outsized role at Nvidia These views stem from Huang's hands-on approach and outsized role at Nvidia, where he has dozens of direct reports. Before the scandal broke, he enjoyed rock-star status as the public face of the AI boom. Observers point to the lack of a succession plan or a ready internal candidate. This will compound matters, particularly if investigations uncover no clear corporate or national-security wrongdoing beyond personal misconduct. And spy cases are rarely resolved conclusively.

Nvidia’s board is weighing the ouster of its CEO Jensen Huang over his affair with alleged Chinese spy Alice Huang. But several observers and experts say he is irreplaceable for the AI chip firm, and for the future of the wider American AI industry.&nbsp;

Should Jensen Huang be fired as Nvidia CEO? Some observers think it will help China, leave a leadership vacuum

Two Democratic senators are demanding that US President Donald Trump’s administration preserve records regarding NVIDIA, questioning why concerns over its business connections did not stop advanced AI chips from reaching companies potentially linked to China. Elizabeth Warren and Chris Coons have asked three senior administration officials to preserve records concerning the chipmaker, its CEO Jensen Huang and reported links to a suspected Chinese intelligence operative.Their letter went to Secretary of State Marco Rubio, White House Chief of Staff Stephen Miller and Commerce Secretary Howard Lutnick on Wednesday (Nov 11). The senators have also sought a briefing on the national security implications of the allegations.<h2>A company at the centre of the inquiry</h2>One name that features prominently in the letter is Megaspeed. The Singapore-based company has reportedly bought more than $4.8 billion in advanced NVIDIA AI chips since June 2024. The Justice Department is investigating whether it diverted chips to China in breach of US export controls.The lawmakers also flagged reports that a Commerce Department investigation involving Megaspeed was changed after communications with NVIDIA representatives. Their concerns extend beyond the company’s dealings. Reports have suggested that US officials were aware of intelligence concerns involving Huang and a woman identified as Alice Huang, an executive at Megaspeed and an alleged Chinese intelligence asset. Huang has acknowledged being unfaithful to his wife in a relationship that prompted the reports.Also read | <a href="https://www.wionews.com/world/did-lutnick-defy-trump-over-nvidia-s-china-chip-sales-report-reveals-oval-office-clash-1794460368397">Did Lutnick defy Trump over Nvidia’s China chip sales? What we know</a> “This incident raises significant concerns about the federal government’s ability to effectively enforce our export controls and protect our national security,” Warren and Coons wrote.<h2>Senators demand paper trail</h2>The inquiry also follows allegations by Democrats on the House Foreign Affairs Committee that Rubio had warned President Donald Trump about Huang's reported connections, but Trump brushed aside the warning. The committee said licences for NVIDIA’s H200 chips to China continued to receive approval.Warren and Coons are now seeking communications between NVIDIA executives and senior officials, records of investigations into suspected chip smuggling, and documents showing whether export restrictions were weakened or suspended. They have given the administration until November 17 to confirm that the records are being preserved.<h2>Can Washington keep advanced AI chips out of China?</h2>The wider question is whether Washington’s restrictions on advanced AI chips can hold if companies under scrutiny continue to find routes into the Chinese market. The allegations also put the administration’s export-control policy under pressure. If officials had received intelligence warnings but allowed licences to continue, the issue goes beyond NVIDIA or Huang. It raises questions about whether commercial interests are taking precedence over the national security safeguards the restrictions were designed to protect.

Democratic senators have demanded Trump administration records on NVIDIA, questioning whether national security warnings over CEO Jensen Huang’s alleged China links were ignored as chip exports continued.

Two Democratic senators are demanding that US President Donald Trump’s administration preserve records regarding NVIDIA, questioning why concerns over its business connections did not stop advanced AI chips from reaching companies potentially linked to China. Elizabeth Warren and Chris Coons have asked three senior administration officials to preserve records concerning the chipmaker, its CEO Jensen Huang and reported links to a suspected Chinese intelligence operative. Their letter went to Secretary of State Marco Rubio, White House Chief of Staff Stephen Miller and Commerce Secretary Howard Lutnick on Wednesday (Nov 11). The senators have also sought a briefing on the national security implications of the allegations. A company at the centre of the inquiry One name that features prominently in the letter is Megaspeed. The Singapore-based company has reportedly bought more than $4.8 billion in advanced NVIDIA AI chips since June 2024. The Justice Department is investigating whether it diverted chips to China in breach of US export controls. The lawmakers also flagged reports that a Commerce Department investigation involving Megaspeed was changed after communications with NVIDIA representatives. Their concerns extend beyond the company’s dealings. Reports have suggested that US officials were aware of intelligence concerns involving Huang and a woman identified as Alice Huang, an executive at Megaspeed and an alleged Chinese intelligence asset. Huang has acknowledged being unfaithful to his wife in a relationship that prompted the reports. Also read | Did Lutnick defy Trump over Nvidia’s China chip sales? What we know “This incident raises significant concerns about the federal government’s ability to effectively enforce our export controls and protect our national security,” Warren and Coons wrote. Senators demand paper trail The inquiry also follows allegations by Democrats on the House Foreign Affairs Committee that Rubio had warned President Donald Trump about Huang's reported connections, but Trump brushed aside the warning. The committee said licences for NVIDIA’s H200 chips to China continued to receive approval. Warren and Coons are now seeking communications between NVIDIA executives and senior officials, records of investigations into suspected chip smuggling, and documents showing whether export restrictions were weakened or suspended. They have given the administration until November 17 to confirm that the records are being preserved. Can Washington keep advanced AI chips out of China? The wider question is whether Washington’s restrictions on advanced AI chips can hold if companies under scrutiny continue to find routes into the Chinese market. The allegations also put the administration’s export-control policy under pressure. If officials had received intelligence warnings but allowed licences to continue, the issue goes beyond NVIDIA or Huang. It raises questions about whether commercial interests are taking precedence over the national security safeguards the restrictions were designed to protect.

Democratic senators have demanded Trump administration records on NVIDIA, questioning whether national security warnings over CEO Jensen Huang’s alleged China links were ignored as chip exports continued.

Democrats demand Trump admin records on Nvidia amid Chinese spy link controversy

US Commerce Secretary Howard Lutnick has reportedly stalled efforts to tighten restrictions on Nvidia’s advanced AI chip exports to China, even after President Donald Trump approved action against suspected diversions for the third time this year. The development comes as Nvidia’s board is weighing whether to remove CEO Jensen Huang over his alleged affair with Chinese spy Alice Huang.According to an Axios report, Lutnick faced a challenge from Treasury Secretary Scott Bessent during a meeting in the White House Situation Room last week on Thursday (Nov 5). Bessent wanted to know why the Commerce Department had failed to move against Megaspeed, a company now at the centre of an alleged espionage scandal.Defence Secretary Pete Hegseth, Secretary of State Marco Rubio and US Trade Representative Jamieson Greer were also present. According to six sources cited by Axios, the officials backed Bessent’s demand.Lutnick appeared to agree, but then remarked, “I need to check with the president.”That answer raised eyebrows. Officials had previously believed the department was ready to act, only for the proposed restrictions to stall. One official described Lutnick’s approach bluntly: “He’s stalling it out.”Trump rejects Lutnick’s trade war warningThe disagreement moved to the Oval Office at around 5 pm. Trump called tech adviser Elon Musk, who backed the arguments made by Bessent, Rubio, Greer and Hegseth.Lutnick warned that imposing the restrictions “will start a trade war with China”. The other officials argued that China was already doing what he feared could happen.Trump sided with his advisers and said, “Let’s get it done.”But the matter was not over. After the meeting, Lutnick proposed developing options and returning with them. Officials pushed back, insisting that the president had already made his decision.“Well, it still hasn’t happened,” one source told Axios.<h2>Lutnick’s repeated resistance</h2>The latest episode follows similar disagreements in May, August and November 5. Trump had approved action on all three occasions, but Lutnick and Commerce Undersecretary Jeffrey Kessler reportedly resisted implementing the controls.The concerns have intensified following intelligence suspicions involving Megaspeed employee Alice Huang and alleged links to Chinese intelligence.Washington has also taken a more permissive approach towards Nvidia’s H200 chip sales to China, allowing exports in exchange for a 25 per cent tariff.The Commerce Department denied that Bessent confronted Lutnick but did not immediately address the other allegations.

Lutnick faces scrutiny for delaying Trump’s crackdown on suspected Nvidia chip diversions to China, despite repeated presidential approvals and mounting espionage concerns surrounding Megaspeed.

US Commerce Secretary Howard Lutnick has reportedly stalled efforts to tighten restrictions on Nvidia’s advanced AI chip exports to China, even after President Donald Trump approved action against suspected diversions for the third time this year. The development comes as Nvidia’s board is weighing whether to remove CEO Jensen Huang over his alleged affair with Chinese spy Alice Huang. According to an Axios report, Lutnick faced a challenge from Treasury Secretary Scott Bessent during a meeting in the White House Situation Room last week on Thursday (Nov 5). Bessent wanted to know why the Commerce Department had failed to move against Megaspeed, a company now at the centre of an alleged espionage scandal. Defence Secretary Pete Hegseth, Secretary of State Marco Rubio and US Trade Representative Jamieson Greer were also present. According to six sources cited by Axios, the officials backed Bessent’s demand. Lutnick appeared to agree, but then remarked, “I need to check with the president.” That answer raised eyebrows. Officials had previously believed the department was ready to act, only for the proposed restrictions to stall. One official described Lutnick’s approach bluntly: “He’s stalling it out.” Trump rejects Lutnick’s trade war warning The disagreement moved to the Oval Office at around 5 pm. Trump called tech adviser Elon Musk, who backed the arguments made by Bessent, Rubio, Greer and Hegseth. Lutnick warned that imposing the restrictions “will start a trade war with China”. The other officials argued that China was already doing what he feared could happen. Trump sided with his advisers and said, “Let’s get it done.” But the matter was not over. After the meeting, Lutnick proposed developing options and returning with them. Officials pushed back, insisting that the president had already made his decision. “Well, it still hasn’t happened,” one source told Axios. Lutnick’s repeated resistance The latest episode follows similar disagreements in May, August and November 5. Trump had approved action on all three occasions, but Lutnick and Commerce Undersecretary Jeffrey Kessler reportedly resisted implementing the controls. The concerns have intensified following intelligence suspicions involving Megaspeed employee Alice Huang and alleged links to Chinese intelligence. Washington has also taken a more permissive approach towards Nvidia’s H200 chip sales to China, allowing exports in exchange for a 25 per cent tariff. The Commerce Department denied that Bessent confronted Lutnick but did not immediately address the other allegations.

Lutnick faces scrutiny for delaying Trump’s crackdown on suspected Nvidia chip diversions to China, despite repeated presidential approvals and mounting espionage concerns surrounding Megaspeed.

Did Lutnick defy Trump over Nvidia’s China chip sales? What we know

Jensen Huang reportedly had another affair with a female executive who reports to him, five people who saw them cosying up at a hotel during an Nvidia conference have said. The New York Times reported that Huang was close to Kimberly Powell, Nvidia’s vice president of health care. The Nvidia CEO has already admitted to one affair, with the alleged Chinese spy Alice Huang. This is the first time his relationship with Powell has been revealed.&nbsp;Nvidia's code of conduct asks employees to avoid such situations at work: "our actions create conflict". This includes "personal relationships" of any kind that might be a problem, especially where a manager and subordinate are involved.Also Read: <a href="https://www.wionews.com/world/who-is-alice-huang-nvidia-ceo-jensen-huang-affair-1794194113241">Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with?</a><h2>Who is Kimberly Powell?</h2> Powell joined Nvidia in 2008 and is in charge of programs where Nvidia’s chip technology could be applied to higher education and health care, according to the company’s website. Five people who spoke to NYT on condition of anonymity said that their closeness had been a topic of discussion at the office. Two people said that the 63-year-old CEO and his 48-year-old subordinate were captured on camera getting all loved up at a hotel in San Jose, California, during a conference in March. The video has not been made available.Also Read: <a href="https://www.wionews.com/world/jensen-huang-affair-scandal-who-is-kang-wei-alice-huang-s-reported-husband-1794383513903">Jensen Huang affair scandal: Who is Kang Wei, Alice Huang's reported husband?</a>&nbsp;

<blockquote class="twitter-tweet">Walk the #BIO2026 show floor with Kimberly Powell, NVIDIA VP of Healthcare, as she shares what’s exciting about the latest BioNeMo toolkit announcement. 

BioNeMo is helping bring AI-driven biology and drug discovery closer to the next experiment, with tools for researchers and developers to build, customize and deploy AI applications across the life sciences ecosystem.&mdash; NVIDIA (@nvidia) <a href="https://x.com/nvidia/status/2070186658289308065?ref_src=twsrc%5Etfw">June 25, 2026</a></blockquote>
<script async src="https://platform.x.com/widgets.js" charset="utf-8"></script>

Powell is also a married woman and a mother to two kids. Her career graph at Nvidia saw an upward trajectory over the years. According to her LinkedIn, she was promoted to senior director of artificial intelligence business development in 2016. Over a year later, she was appointed vice president of health care.Also Read: <a href="https://www.wionews.com/trending/alice-huang-bragged-about-her-influence-on-jensen-huang-at-taipei-bar-1794370066595">Alice Huang bragged to tech executives at Taipei bar about her influence on Jensen Huang</a>&nbsp;The Nvidia blog page describes her as being "responsible for the company’s worldwide healthcare business, including hardware and software platforms for accelerated computing, AI, and visualization that power the ecosystem of medical imaging, life sciences, drug discovery, and healthcare analytics." She gives speeches at technology conferences across the world and did the same at GTC, Nvidia’s annual developer conference in San Jose this year.&nbsp;https://www.wionews.com/videos/jensen-huang-faces-board-investigation-reports-allege-7-5-billion-in-shipments-1794413636264/embed&nbsp;Nvidia executives saw Powell and Huang getting affectionate. A bystander shot a video of the two on his phone, three people said. But Huang's security saw him and made him an offer to sign a non-disclosure agreement.&nbsp;<h2>Nvidia board considers ousting Jensen Huang</h2>&nbsp;Nvidia’s board of directors is reportedly getting ready to oust Jensen Huang as the CEO following reports of the extramarital affair with Alice Huang. US intelligence officials say that she was hired by China to spy on Huang and Nvidia. Nvidia’s stock price slid more than 8 per cent in after-hours trading on Wednesday following the WSJ report on Huang's possible removal.&nbsp;

Jensen Huang allegedly also had a second affair with a subordinate at his company. The woman, named Kimberly Powell, had been at Nvidia since 2008 and delivered speeches on AI at tech conferences around the world.

Jensen Huang reportedly had another affair with a female executive who reports to him, five people who saw them cosying up at a hotel during an Nvidia conference have said. The New York Times reported that Huang was close to Kimberly Powell, Nvidia’s vice president of health care. The Nvidia CEO has already admitted to one affair, with the alleged Chinese spy Alice Huang. This is the first time his relationship with Powell has been revealed. Nvidia's code of conduct asks employees to avoid such situations at work: "our actions create conflict". This includes "personal relationships" of any kind that might be a problem, especially where a manager and subordinate are involved. Also Read: Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with? Who is Kimberly Powell? Powell joined Nvidia in 2008 and is in charge of programs where Nvidia’s chip technology could be applied to higher education and health care, according to the company’s website. Five people who spoke to NYT on condition of anonymity said that their closeness had been a topic of discussion at the office. Two people said that the 63-year-old CEO and his 48-year-old subordinate were captured on camera getting all loved up at a hotel in San Jose, California, during a conference in March. The video has not been made available. Also Read: Jensen Huang affair scandal: Who is Kang Wei, Alice Huang's reported husband?

Jensen Huang allegedly also had a second affair with a subordinate at his company. The woman, named Kimberly Powell, had been at Nvidia since 2008 and delivered speeches on AI at tech conferences around the world.

Who is Kimberly Powell, the woman Jensen Huang allegedly had a second affair with?

Nvidia’s board of directors is preparing to oust Jensen Huang soon following allegations that the company and co-founder and CEO had an extramarital affair with a woman US intelligence agencies believe was a Chinese asset, said reports, citing two sources familiar with the matter. The Wall Street Journal was first to report on the Nvidia board’s moves.The Trump administration is aware of the matter, the sources said.&nbsp;Nvidia’s share price slid more than 8% in after-hours trading on Wednesday after the WSJ report, extending a multi-day sell-off for one of the world’s most valuable publicly traded companies.Nvidia was co-founded by Huang in 1993 and was best-known for designing graphics cards widely used for gaming, but it now designs the powerful semiconductors that fuel many of the world’s leading AI firms.&nbsp;Jensen Huang had a close relationship with Alice Huang, who previously worked for a Singapore-based firm called Megaspeed International that bought Nvidia chips and hardware worth billions of dollars.&nbsp;US intelligence agencies believe that Alice Huang was recruited by China’s Ministry of State Security, the NYT report said.In a message to Nvidia employees over the weekend, Jensen Huang wrote that he was unfaithful to his wife and apologised for hurting her and their children but did not name the woman involved.Nvidia’s board said on Sunday that it had launched an independent investigation into allegations that the CEO “has been the target of a foreign intelligence effort.”The board said it had no reason to believe the company's secrets or national security were compromised. Nvidia spokesperson John Rizzo said, “We trust that if we were the target of a genuine threat, the US government would have notified us.”&nbsp;The Justice Department is also investigating Megaspeed over potential violations of US export restrictions on advanced AI chips. Megaspeed has denied any involvement in illegal chip transfers.&nbsp;Beyond the national security concerns, Nvidia is facing a securities lawsuit accusing the company of failing to disclose information to shareholders about Jensen Huang's relationship with the alleged spy.

Nvidia’s share price slid more than 8% in after-hours trading on Wednesday, extending a multi-day sell-off for one of the world’s most valuable publicly traded companies. Nvidia’s board said it had no reason to believe the company's secrets or national security were compromised.

Nvidia’s board of directors is preparing to oust Jensen Huang soon following allegations that the company and co-founder and CEO had an extramarital affair with a woman US intelligence agencies believe was a Chinese asset, said reports, citing two sources familiar with the matter. The Wall Street Journal was first to report on the Nvidia board’s moves. The Trump administration is aware of the matter, the sources said. Nvidia’s share price slid more than 8% in after-hours trading on Wednesday after the WSJ report, extending a multi-day sell-off for one of the world’s most valuable publicly traded companies. Nvidia was co-founded by Huang in 1993 and was best-known for designing graphics cards widely used for gaming, but it now designs the powerful semiconductors that fuel many of the world’s leading AI firms. Jensen Huang had a close relationship with Alice Huang, who previously worked for a Singapore-based firm called Megaspeed International that bought Nvidia chips and hardware worth billions of dollars. US intelligence agencies believe that Alice Huang was recruited by China’s Ministry of State Security, the NYT report said. In a message to Nvidia employees over the weekend, Jensen Huang wrote that he was unfaithful to his wife and apologised for hurting her and their children but did not name the woman involved. Nvidia’s board said on Sunday that it had launched an independent investigation into allegations that the CEO “has been the target of a foreign intelligence effort.” The board said it had no reason to believe the company's secrets or national security were compromised. Nvidia spokesperson John Rizzo said, “We trust that if we were the target of a genuine threat, the US government would have notified us.” The Justice Department is also investigating Megaspeed over potential violations of US export restrictions on advanced AI chips. Megaspeed has denied any involvement in illegal chip transfers. Beyond the national security concerns, Nvidia is facing a securities lawsuit accusing the company of failing to disclose information to shareholders about Jensen Huang's relationship with the alleged spy.

Nvidia’s share price slid more than 8% in after-hours trading on Wednesday, extending a multi-day sell-off for one of the world’s most valuable publicly traded companies. Nvidia’s board said it had no reason to believe the company's secrets or national security were compromised.

Nvidia shares tank 8% amid reports of board preparing to oust CEO Jensen Huang

Several theories, including conspiracy theories, are swirling around Nvidia CEO Jensen Huang's extramarital affair with Alice Huang, a former executive of Singapore-based Megaspeed whom US intelligence suspects of being a Chinese spy. China has denied she is an intelligence asset. One recurring theme of the theories is that Washington is using the scandal to bring Nvidia under tighter national-security control. Another is that US agencies, which reportedly had Alice Huang under surveillance for more than a year, timed the leak for maximum political and market benefits rather than acting immediately. Some believe the real goal is domestic US jockeying over AI dominance and removing an obstacle to harder containment of China, not a genuine counterintelligence operation against Beijing. These theories add new dimensions to a story at the crossroads of technology, the US-China AI race, semiconductor secrets and national security. Here are some, without getting into their merits.<h2>A Chinese response to US ops that limited chip smuggling?</h2>An X user with the handle @aravind claimed the episode is a frustrated Chinese response to a long US intel operation that deliberately allowed limited chip smuggling and AI model distillation to keep Beijing occupied with weaker technology. &nbsp;The post predicts short-term legal troubles and market dips for American AI firms but expects Nvidia and Huang to recover, given the strong Trump administration backing, and dismisses the leaks as desperate, foreign-influenced media attacks.Also read: <a href="https://www.wionews.com/world/jensen-huang-met-alice-huang-through-her-husband-nearly-10-years-ago-1794367061027">Jensen Huang met Alice Huang through her husband who flaunted their closeness to clients, report claims</a>&nbsp;A post by @jukan05, sharing the views of Taiwanese semiconductor analyst Andrew Lu, argued that the scandal is not about exposing an affair but a well-timed move by Washington to force through three stalled tech-war objectives that Huang had blocked. The first is to destroy the legitimacy of his lobbying against a full China chip ban: once his partner is labelled an MSS spy, any pro-China argument becomes a security liability. The second is to pressure the administration to reconsider export approvals for Nvidia's H200 AI chip and close smuggling loopholes running through Singapore, Southeast Asia and third-party data centres. Lu noted that on November 8, the day the scandal broke, the New York Times published an investigation into Chinese firms approved to handle H200s. The third is to bring Nvidia under congressional and national-security oversight via the board's independent investigation. In Lu's telling, Huang's private-life vulnerability was a "detonator" used to plug chip leaks and tighten AI compute sanctions on China.<h2>China pushes back, via state-run media and its own theories</h2>Beijing's line, voiced by its foreign ministry and the state-run nationalist tabloid Global Times, is that the US media, particularly the NYT, which broke the story on October 29, manufactured a "Chinese spy" narrative without evidence.&nbsp;Foreign Ministry spokesperson Guo Jiakun called the espionage allegation unsubstantiated and aimed at smearing China.&nbsp;Also read: <a href="https://www.wionews.com/world/nvidia-shares-crash-8-after-reports-of-probe-into-ceo-jensen-huang-s-alleged-spy-links-1794236310502">Nvidia shares crash 8% after reports of probe into CEO Jensen Huang's alleged spy links</a>&nbsp;A Global Times editorial on November 9 accused US media of spinning a national security narrative with more imagination than evidence, relying heavily on anonymous sources and unverified material. It asked why the allegations were surfacing now, who stands to benefit, and whether, with Democrats regaining control of both chambers of the US Congress in the November 3 midterms, investigations and subpoenas of Huang would become easier.&nbsp;It suggested Huang was being singled out for his Chinese heritage, though he is a US citizen leading a pillar of American AI strength.&nbsp;The paper also accused US outlets of making up stories that could derail a thaw, ahead of Trump's meeting with Chinese President Xi Jinping at the APEC summit in Shenzhen.Fudan University's Shen Yi, quoted by the Global Times, called the reasoning ‘’McCarthyist' and said that forces unable to beat competitors through normal market competition may turn to political pressure and national security allegations to obstruct their rivals. &nbsp;The claim here is that the spy charge is a commercial weapon disguised as counterintelligence.<h2>Can a few dinner photos be evidence of espionage? That's the question</h2>As reported by Taiwan's NOWnews, an article titled "Chinese female executive 'seduced' Jensen Huang? Spy case full of holes", argued that the public evidence amounts to a few dinner photos and cannot prove that Alice Huang passed on sensitive information. It flagged a contradiction: Huang says the US government never warned him, yet the NYT reports Trump had already been briefed. It hinted that the episode may be tied to internal US policy fights.<a href="https://www.wionews.com/videos/nvidia-ceo-jensen-huang-faces-questions-over-china-links-1794280473077/embed">https://www.wionews.com/videos/nvidia-ceo-jensen-huang-faces-questions-over-china-links-1794280473077/embed</a><h2>Chinese internet chatter: 'Alice is a CIA plant'</h2>Young Chinese nationalist netizens, known as "little pinks", went further. Some claimed Alice Huang looked more like a CIA plant, giving the US a pretext to remove Huang because Americans would never let an ethnic Chinese person control the most sensitive tech company. The hint is at a reverse honeytrap, in which the operation was American, not Chinese.&nbsp;Other users said the US does not see Huang as Chinese at all. Some wondered whether a hidden hand was preparing to short Nvidia stock.<h2>Everyone who needed to know of the affair, knew it long ago</h2>Hong Kong's Sing Tao Daily, citing reports that US intelligence learned of the relationship through electronic surveillance more than a year ago, questioned why Washington let it surface only now, pointing to a deliberate release rather than a fresh discovery.AI commentator Gary Marcus wrote on Substack that Trump appears to have known a year ago and did nothing, staying close to Huang instead. He suggested it was entirely possible that Huang passed state secrets from Trump to Alice Huang, and noted that Secretary of State Marco Rubio oversaw a memo on the risks this spring that went nowhere. The key question, Marcus wrote, is who knew what, and when.Interestingly, X user Byron Wan had asked as far back as October 2025 whether Alice Huang was a "swallow", slang for a honeytrap agent, working for the Chinese Communist Party, citing the now-infamous June 2024 Taipei bar photo of the pair. Marcus later cited the post as evidence that some had speculated about the relationship a year before it was confirmed.Also read: <a href="https://www.wionews.com/world/who-is-alice-huang-nvidia-ceo-jensen-huang-affair-1794194113241">Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with?</a><h2>Dinners and drinks: What's the damage?&nbsp;</h2>Nicholas Eftimiades, a retired US intelligence officer, told the New York Post that Alice Huang's tech-industry background would have helped her get close to Huang.&nbsp;Experts cited by Taiwan's World Journal said she could have gleaned Nvidia's chip supply status, who gets priority allocation, internal decision-making, and the views of Huang and the Trump administration on AI and export controls.

Many theories (and some conspiracy theories) swirl around Nvidia CEO Jensen Huang’s affair with alleged Chinese spy Alice Huang. From ‘CIA plant’ to a ‘timed US leak’, spin doctors are pushing rival narratives.

Several theories, including conspiracy theories, are swirling around Nvidia CEO Jensen Huang's extramarital affair with Alice Huang, a former executive of Singapore-based Megaspeed whom US intelligence suspects of being a Chinese spy. China has denied she is an intelligence asset. One recurring theme of the theories is that Washington is using the scandal to bring Nvidia under tighter national-security control. Another is that US agencies, which reportedly had Alice Huang under surveillance for more than a year, timed the leak for maximum political and market benefits rather than acting immediately. Some believe the real goal is domestic US jockeying over AI dominance and removing an obstacle to harder containment of China, not a genuine counterintelligence operation against Beijing. These theories add new dimensions to a story at the crossroads of technology, the US-China AI race, semiconductor secrets and national security. Here are some, without getting into their merits. A Chinese response to US ops that limited chip smuggling? An X user with the handle @aravind claimed the episode is a frustrated Chinese response to a long US intel operation that deliberately allowed limited chip smuggling and AI model distillation to keep Beijing occupied with weaker technology. The post predicts short-term legal troubles and market dips for American AI firms but expects Nvidia and Huang to recover, given the strong Trump administration backing, and dismisses the leaks as desperate, foreign-influenced media attacks. Also read: Jensen Huang met Alice Huang through her husband who flaunted their closeness to clients, report claims A post by @jukan05, sharing the views of Taiwanese semiconductor analyst Andrew Lu, argued that the scandal is not about exposing an affair but a well-timed move by Washington to force through three stalled tech-war objectives that Huang had blocked. The first is to destroy the legitimacy of his lobbying against a full China chip ban: once his partner is labelled an MSS spy, any pro-China argument becomes a security liability. The second is to pressure the administration to reconsider export approvals for Nvidia's H200 AI chip and close smuggling loopholes running through Singapore, Southeast Asia and third-party data centres. Lu noted that on November 8, the day the scandal broke, the New York Times published an investigation into Chinese firms approved to handle H200s. The third is to bring Nvidia under congressional and national-security oversight via the board's independent investigation. In Lu's telling, Huang's private-life vulnerability was a "detonator" used to plug chip leaks and tighten AI compute sanctions on China. China pushes back, via state-run media and its own theories Beijing's line, voiced by its foreign ministry and the state-run nationalist tabloid Global Times, is that the US media, particularly the NYT, which broke the story on October 29, manufactured a "Chinese spy" narrative without evidence. Foreign Ministry spokesperson Guo Jiakun called the espionage allegation unsubstantiated and aimed at smearing China. Also read: Nvidia shares crash 8% after reports of probe into CEO Jensen Huang's alleged spy links A Global Times editorial on November 9 accused US media of spinning a national security narrative with more imagination than evidence, relying heavily on anonymous sources and unverified material. It asked why the allegations were surfacing now, who stands to benefit, and whether, with Democrats regaining control of both chambers of the US Congress in the November 3 midterms, investigations and subpoenas of Huang would become easier. It suggested Huang was being singled out for his Chinese heritage, though he is a US citizen leading a pillar of American AI strength. The paper also accused US outlets of making up stories that could derail a thaw, ahead of Trump's meeting with Chinese President Xi Jinping at the APEC summit in Shenzhen. Fudan University's Shen Yi, quoted by the Global Times, called the reasoning ‘’McCarthyist' and said that forces unable to beat competitors through normal market competition may turn to political pressure and national security allegations to obstruct their rivals. The claim here is that the spy charge is a commercial weapon disguised as counterintelligence. Can a few dinner photos be evidence of espionage? That's the question As reported by Taiwan's NOWnews, an article titled "Chinese female executive 'seduced' Jensen Huang? Spy case full of holes", argued that the public evidence amounts to a few dinner photos and cannot prove that Alice Huang passed on sensitive information. It flagged a contradiction: Huang says the US government never warned him, yet the NYT reports Trump had already been briefed. It hinted that the episode may be tied to internal US policy fights. https://www.wionews.com/videos/nvidia-ceo-jensen-huang-faces-questions-over-china-links-1794280473077/embed Chinese internet chatter: 'Alice is a CIA plant' Young Chinese nationalist netizens, known as "little pinks", went further. Some claimed Alice Huang looked more like a CIA plant, giving the US a pretext to remove Huang because Americans would never let an ethnic Chinese person control the most sensitive tech company. The hint is at a reverse honeytrap, in which the operation was American, not Chinese. Other users said the US does not see Huang as Chinese at all. Some wondered whether a hidden hand was preparing to short Nvidia stock. Everyone who needed to know of the affair, knew it long ago Hong Kong's Sing Tao Daily, citing reports that US intelligence learned of the relationship through electronic surveillance more than a year ago, questioned why Washington let it surface only now, pointing to a deliberate release rather than a fresh discovery. AI commentator Gary Marcus wrote on Substack that Trump appears to have known a year ago and did nothing, staying close to Huang instead. He suggested it was entirely possible that Huang passed state secrets from Trump to Alice Huang, and noted that Secretary of State Marco Rubio oversaw a memo on the risks this spring that went nowhere. The key question, Marcus wrote, is who knew what, and when. Interestingly, X user Byron Wan had asked as far back as October 2025 whether Alice Huang was a "swallow", slang for a honeytrap agent, working for the Chinese Communist Party, citing the now-infamous June 2024 Taipei bar photo of the pair. Marcus later cited the post as evidence that some had speculated about the relationship a year before it was confirmed. Also read: Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with? Dinners and drinks: What's the damage? Nicholas Eftimiades, a retired US intelligence officer, told the New York Post that Alice Huang's tech-industry background would have helped her get close to Huang. Experts cited by Taiwan's World Journal said she could have gleaned Nvidia's chip supply status, who gets priority allocation, internal decision-making, and the views of Huang and the Trump administration on AI and export controls.

Many theories (and some conspiracy theories) swirl around Nvidia CEO Jensen Huang’s affair with alleged Chinese spy Alice Huang. From ‘CIA plant’ to a ‘timed US leak’, spin doctors are pushing rival narratives.

Jensen Huang-Alice Huang affair: Everyone has a theory, and some conspiracy theories too, about what really happened

A Chinese university with deep connections to the People's Liberation Army (PLA) purchased Nvidia's powerful H200 AI chips last month despite being on a US export blacklist, according to procurement records. The development highlights gaps in Washington's efforts to restrict China's access to advanced technology. The findings emerge as Nvidia and its CEO, Jensen Huang, face increasing scrutiny in Washington over his lobbying efforts to ease restrictions on chip sales to China. This follows reports alleging that Huang was targeted by a Chinese spying operation.&nbsp;Huang has maintained that continued US chip sales to China would help preserve America's technological leadership while keeping Chinese customers dependent on US technology. However, lawmakers from both parties argue that access to Nvidia's most powerful AI processors could accelerate China's development of AI systems for weapons design, intelligence analysis and military modernisation.&nbsp;Democrats and Republicans in Congress have called for tighter controls on China's access to advanced AI chips, including chip-tracking requirements and increased congressional oversight of exports. Three Republican congressional committee chairmen have requested a briefing with Huang on November 18 regarding his reported contacts with an alleged Chinese intelligence operative.&nbsp;Northwestern Polytechnical University, one of China's elite defence-focused institutions belonging to the "Seven Sons of National Defense" group, purchased two H200 chips last month for 874,700 yuan ($123,000), according to a procurement record published on its website on October 21. The university's management school purchased the processors from Shaanxi Bosuan Network Technology rather than directly from Nvidia, the record shows.&nbsp;The H200 is among Nvidia's most powerful processors for training and running advanced AI systems. Its export is subject to US licensing requirements, which are generally denied for blacklisted institutions such as Northwestern Polytechnical University. The university also purchased access to H200 chips and other powerful Nvidia AI processors through five computing-capacity rental contracts with Chinese companies this year, according to procurement records.&nbsp;Reuters reported the chip purchases and computing contracts for the first time. Northwestern Polytechnical University, Nvidia and the US Commerce Department's Bureau of Industry and Security, which oversees export controls, did not respond to requests for comment. Reuters was unable to determine contact details for Shaanxi Bosuan Network Technology.<h2>Trade blacklist</h2>Located in the northwestern Chinese city of Xi'an, Northwestern Polytechnical University conducts research related to military aircraft, missiles and satellites. The US Commerce Department added the university to its trade blacklist, known as the Entity List, in 2001 over its alleged involvement in missile-proliferation activities and military research. Restrictions were tightened in 2019, placing exports of controlled US technology to the institution under a policy of denial in most circumstances.&nbsp;The university's purchases demonstrate how Chinese institutions with military connections continue to access US AI computing power through domestic suppliers. These arrangements include both direct chip purchases and rented access to servers equipped with the processors. A Reuters review of 26 Chinese procurement and corporate records from this year found that universities and research institutions had purchased US-restricted Nvidia chips or rented access to Nvidia-powered computing services through domestic suppliers. Several of these institutions had close connections to China's defence industry or military research.&nbsp;Also Read: <a href="https://www.wionews.com/technology/anthropic-s-ipo-could-make-its-founders-richer-while-leaving-shareholders-with-limited-control-1794378381562">Anthropic's IPO could make its founders richer while leaving shareholders with limited control</a><h2>Nvidia chips for military-linked research</h2>US President Donald Trump's administration started permitting some H200 chip exports to China on a case-by-case basis in January. However, the policy did not remove the separate restrictions imposed on organisations listed on the Entity List, including Northwestern Polytechnical University.&nbsp;The January licensing rules also require safeguards to prevent blacklisted organisations and military end-users from remotely accessing chips exported under the policy. These requirements cover H200 processors and less advanced models. Besides purchasing two H200 chips outright for its management school, the university's procurement records show that its cybersecurity school awarded two seven-month contracts in January for access to servers containing eight H200 chips each.&nbsp;The contracts were valued at 441,700 yuan and 441,000 yuan. They covered AI model fine-tuning and reinforcement-learning training. The university also rented access to servers containing eight Nvidia A100 chips and eight A800 chips. Both A100 and A800 processors are prohibited from export to all Chinese entities, while the H200 is the most advanced processor mentioned in Northwestern Polytechnical University's procurement records.&nbsp;In April, another institute at the university purchased computing services requiring at least 24 A100 chips under a 375,000 yuan contract for structural and fluid-dynamics simulations. Several relatively unknown Chinese technology suppliers received the contracts. However, the procurement records provided limited information about the processors' origins or the locations where the rented servers were operating. Under Chinese law, public procurement agencies must verify that suppliers have the ability to fulfil orders before announcing successful bidders and signing contracts.<h2>A wider market</h2>The procurement records point to a broader market in which Chinese universities are obtaining restricted Nvidia AI chips and computing services. Shenzhen University purchased three H100 processors, another high-end Nvidia AI chip banned by the US, for 769,800 yuan in September. Wuhan University of Technology purchased a server containing an H100 chip for 355,000 yuan in June. It also bought four A100 chips in a separate transaction worth 344,000 yuan, according to the records.&nbsp;Beihang University, another member of the Seven Sons of National Defense, purchased four A800 processors for 489,000 yuan in April. The university has close connections to China's aerospace and defence industries and conducts research for military aviation and space programmes. Two government procurement announcements published in July and September identified suppliers selected to provide computing services using Nvidia H800 and A800 chips, which are restricted from export to China, to the University of Chinese Academy of Sciences.&nbsp;One announcement listed access to H800 processors at 10 yuan per chip-hour. A separate procurement award published in January identified a supplier for six A100 chips worth 484,800 yuan for a public institution based in Shenzhen. Reuters had previously reported that Chinese institutions obtained restricted Nvidia chips embedded in servers manufactured by Super Micro Computer, Dell and Gigabyte through domestic resellers.&nbsp;The news agency has also documented an underground market in China for restricted Nvidia processors sourced through overseas inventories and third-country intermediaries. Last week, Reuters reported that small quantities of H200 chips had reached China through indirect routes, even as Beijing withheld approval for large-scale imports.

A Chinese university with PLA ties purchased Nvidia H200 AI chips despite US export restrictions, highlighting gaps in efforts to limit China's access to advanced technology

A Chinese university with deep connections to the People's Liberation Army (PLA) purchased Nvidia's powerful H200 AI chips last month despite being on a US export blacklist, according to procurement records. The development highlights gaps in Washington's efforts to restrict China's access to advanced technology. The findings emerge as Nvidia and its CEO, Jensen Huang, face increasing scrutiny in Washington over his lobbying efforts to ease restrictions on chip sales to China. This follows reports alleging that Huang was targeted by a Chinese spying operation. Huang has maintained that continued US chip sales to China would help preserve America's technological leadership while keeping Chinese customers dependent on US technology. However, lawmakers from both parties argue that access to Nvidia's most powerful AI processors could accelerate China's development of AI systems for weapons design, intelligence analysis and military modernisation. Democrats and Republicans in Congress have called for tighter controls on China's access to advanced AI chips, including chip-tracking requirements and increased congressional oversight of exports. Three Republican congressional committee chairmen have requested a briefing with Huang on November 18 regarding his reported contacts with an alleged Chinese intelligence operative. Northwestern Polytechnical University, one of China's elite defence-focused institutions belonging to the "Seven Sons of National Defense" group, purchased two H200 chips last month for 874,700 yuan ($123,000), according to a procurement record published on its website on October 21. The university's management school purchased the processors from Shaanxi Bosuan Network Technology rather than directly from Nvidia, the record shows. The H200 is among Nvidia's most powerful processors for training and running advanced AI systems. Its export is subject to US licensing requirements, which are generally denied for blacklisted institutions such as Northwestern Polytechnical University. The university also purchased access to H200 chips and other powerful Nvidia AI processors through five computing-capacity rental contracts with Chinese companies this year, according to procurement records. Reuters reported the chip purchases and computing contracts for the first time. Northwestern Polytechnical University, Nvidia and the US Commerce Department's Bureau of Industry and Security, which oversees export controls, did not respond to requests for comment. Reuters was unable to determine contact details for Shaanxi Bosuan Network Technology. Trade blacklist Located in the northwestern Chinese city of Xi'an, Northwestern Polytechnical University conducts research related to military aircraft, missiles and satellites. The US Commerce Department added the university to its trade blacklist, known as the Entity List, in 2001 over its alleged involvement in missile-proliferation activities and military research. Restrictions were tightened in 2019, placing exports of controlled US technology to the institution under a policy of denial in most circumstances. The university's purchases demonstrate how Chinese institutions with military connections continue to access US AI computing power through domestic suppliers. These arrangements include both direct chip purchases and rented access to servers equipped with the processors. A Reuters review of 26 Chinese procurement and corporate records from this year found that universities and research institutions had purchased US-restricted Nvidia chips or rented access to Nvidia-powered computing services through domestic suppliers. Several of these institutions had close connections to China's defence industry or military research. Also Read: Anthropic's IPO could make its founders richer while leaving shareholders with limited control Nvidia chips for military-linked research US President Donald Trump's administration started permitting some H200 chip exports to China on a case-by-case basis in January. However, the policy did not remove the separate restrictions imposed on organisations listed on the Entity List, including Northwestern Polytechnical University. The January licensing rules also require safeguards to prevent blacklisted organisations and military end-users from remotely accessing chips exported under the policy. These requirements cover H200 processors and less advanced models. Besides purchasing two H200 chips outright for its management school, the university's procurement records show that its cybersecurity school awarded two seven-month contracts in January for access to servers containing eight H200 chips each. The contracts were valued at 441,700 yuan and 441,000 yuan. They covered AI model fine-tuning and reinforcement-learning training. The university also rented access to servers containing eight Nvidia A100 chips and eight A800 chips. Both A100 and A800 processors are prohibited from export to all Chinese entities, while the H200 is the most advanced processor mentioned in Northwestern Polytechnical University's procurement records. In April, another institute at the university purchased computing services requiring at least 24 A100 chips under a 375,000 yuan contract for structural and fluid-dynamics simulations. Several relatively unknown Chinese technology suppliers received the contracts. However, the procurement records provided limited information about the processors' origins or the locations where the rented servers were operating. Under Chinese law, public procurement agencies must verify that suppliers have the ability to fulfil orders before announcing successful bidders and signing contracts. A wider market The procurement records point to a broader market in which Chinese universities are obtaining restricted Nvidia AI chips and computing services. Shenzhen University purchased three H100 processors, another high-end Nvidia AI chip banned by the US, for 769,800 yuan in September. Wuhan University of Technology purchased a server containing an H100 chip for 355,000 yuan in June. It also bought four A100 chips in a separate transaction worth 344,000 yuan, according to the records. Beihang University, another member of the Seven Sons of National Defense, purchased four A800 processors for 489,000 yuan in April. The university has close connections to China's aerospace and defence industries and conducts research for military aviation and space programmes. Two government procurement announcements published in July and September identified suppliers selected to provide computing services using Nvidia H800 and A800 chips, which are restricted from export to China, to the University of Chinese Academy of Sciences. One announcement listed access to H800 processors at 10 yuan per chip-hour. A separate procurement award published in January identified a supplier for six A100 chips worth 484,800 yuan for a public institution based in Shenzhen. Reuters had previously reported that Chinese institutions obtained restricted Nvidia chips embedded in servers manufactured by Super Micro Computer, Dell and Gigabyte through domestic resellers. The news agency has also documented an underground market in China for restricted Nvidia processors sourced through overseas inventories and third-country intermediaries. Last week, Reuters reported that small quantities of H200 chips had reached China through indirect routes, even as Beijing withheld approval for large-scale imports.

A PLA-linked Chinese university bought Nvidia H200 chips despite US export restrictions, raising questions over gaps in Washington's technology controls

Chinese university with PLA ties bought Nvidia H200 chips despite US export restrictions, records show

The first photo of Alice Huang with Jensen Huang that went viral this week showed her sitting next to the Nvidia boss at a Taipei bar in 2024. There is a story behind it which reveals that Alice flaunted her connection and influence over Jensen to other tech executives. According to a report by The Wall Street Journal, she bragged that she could get him to join them for drinks. One of the men present at the scene told the outlet that she called Jensen "a great friend of mine".&nbsp;The alleged Chinese spy sent him a text message, and Jensen was there within minutes. He ordered a whiskey, talked to the other executives and then left alone, the witness said. The viral photo shows Alice seated next to Jensen. Other videos on social media show her with her arm around his shoulder, gently stroking his back, and planting a cheek kiss.Also Read: <a href="https://www.wionews.com/world/jensen-huang-m">Jensen Huang met Alice Huang through her husband who flaunted their closeness to clients, report claims</a>&nbsp;Reports in Chinese media also reveal that Alice and her husband, Kang Wei, knew Jensen for nearly 10 years and used their closeness to him to scale up their business. They flaunted their proximity to him by posting photos of him and Alice on social media. It is unclear whether Kang knew about their affair.&nbsp;Alice Huang quickly came under the radar of US intelligence after data showed the huge amount of business Nvidia did with her company, Megaspeed. They suspected that the company was being used as a front to ship advanced Nvidia graphics processing units (GPUs) into China, evading sanctions. WSJ reported that authorities in Taiwan and Singapore also started an investigation into Alice Huang’s ties to China and its intelligence services.&nbsp;US intelligence also suspects Alice of being a spy hired to gain information on Nvidia, a claim that Beijing has dismissed as "groundless speculation". Nvidia has also said that it found no evidence of national security breaches or trade secret leakage. Jensen Huang also previously told Bloomberg that meetings with Alice Huang were limited to Megaspeed and "completely normal and not unusual." The claims of Alice Huang being a Chinese spy remain unverified.&nbsp;Also Read: <a href="https://www.wionews.com/world/trump-was-briefed-about-nvidia-ceo-jensen-huang-s-alleged-china-spy-connection-before-beijing-trip-1794361914962">Trump was briefed about Nvidia CEO Jensen Huang's alleged China spy connection before Beijing trip: Report</a><h2>Jensen Huang's letter to Nvidia</h2>&nbsp;In a memo sent to the company board, Jensen admitted to cheating on his wife. "I owe my family and all of you an apology. I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," Jensen wrote. " I let them down and damaged the life we built together. I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it," he added.Also Read: <a href="https://www.wionews.com/world/who-is-alice-huang-nvidia-ceo-jensen-huang-affair-1794194113241">Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with?</a>&nbsp;"To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust." He added in the letter, "Regarding the national security concerns raised in news reports, NVIDIA’s Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully."

Alice Huang openly flaunted her connection with Jensen Huang, and at the Taipei bar she bragged to other tech executives that she could get him to come over and join them. One of the witnesses says he came as soon as she sent him a text message. 

The first photo of Alice Huang with Jensen Huang that went viral this week showed her sitting next to the Nvidia boss at a Taipei bar in 2024. There is a story behind it which reveals that Alice flaunted her connection and influence over Jensen to other tech executives. According to a report by The Wall Street Journal, she bragged that she could get him to join them for drinks. One of the men present at the scene told the outlet that she called Jensen "a great friend of mine". The alleged Chinese spy sent him a text message, and Jensen was there within minutes. He ordered a whiskey, talked to the other executives and then left alone, the witness said. The viral photo shows Alice seated next to Jensen. Other videos on social media show her with her arm around his shoulder, gently stroking his back, and planting a cheek kiss. Also Read: Jensen Huang met Alice Huang through her husband who flaunted their closeness to clients, report claims Reports in Chinese media also reveal that Alice and her husband, Kang Wei, knew Jensen for nearly 10 years and used their closeness to him to scale up their business. They flaunted their proximity to him by posting photos of him and Alice on social media. It is unclear whether Kang knew about their affair. Alice Huang quickly came under the radar of US intelligence after data showed the huge amount of business Nvidia did with her company, Megaspeed. They suspected that the company was being used as a front to ship advanced Nvidia graphics processing units (GPUs) into China, evading sanctions. WSJ reported that authorities in Taiwan and Singapore also started an investigation into Alice Huang’s ties to China and its intelligence services. US intelligence also suspects Alice of being a spy hired to gain information on Nvidia, a claim that Beijing has dismissed as "groundless speculation". Nvidia has also said that it found no evidence of national security breaches or trade secret leakage. Jensen Huang also previously told Bloomberg that meetings with Alice Huang were limited to Megaspeed and "completely normal and not unusual." The claims of Alice Huang being a Chinese spy remain unverified. Also Read: Trump was briefed about Nvidia CEO Jensen Huang's alleged China spy connection before Beijing trip: Report Jensen Huang's letter to Nvidia In a memo sent to the company board, Jensen admitted to cheating on his wife. "I owe my family and all of you an apology. I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," Jensen wrote. " I let them down and damaged the life we built together. I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it," he added. Also Read: Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with? "To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust." He added in the letter, "Regarding the national security concerns raised in news reports, NVIDIA’s Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully."

Alice Huang openly flaunted her connection with Jensen Huang, and at the Taipei bar she bragged to other tech executives that she could get him to come over and join them. One of the witnesses says he came as soon as she sent him a text message.&nbsp;

Alice Huang bragged to tech executives at Taipei bar about her influence on Jensen Huang

US Commerce Secretary Howard Lutnick was reportedly alerted to Nvidia CEO Jensen Huang’s ties to a woman suspected of being a Chinese intelligence agent. The warning came before the Commerce Department cleared several Chinese companies to purchase Nvidia’s advanced processors, despite the potential national security concerns surrounding the relationship.&nbsp;According to an Axios report, citing multiple sources familiar with the matter, Lutnick had received a classified memo detailing Nvidia CEO Jensen Huang’s relationship with Alice Huang, a woman US intelligence officials suspect of working for Chinese intelligence.The disclosure raises fresh questions about whether the department fully considered the potential security implications while approving exports of advanced American chips to China-linked businesses.<h2>What was in the classified memo?</h2>The warning was prepared under the supervision of Secretary of State Marco Rubio, The New York Times reported. It reportedly contained details gathered through surveillance of Alice Huang, as well as a chip-smuggling investigation involving her company, Megaspeed.The memo was circulated ahead of Trump’s May 13-15 visit to China. Rubio also brought the matter to Trump’s attention aboard Air Force One before the president’s refuelling stop in Anchorage. Huang was travelling with the delegation, although he had not initially been invited, the report said.The timing of the warning is now under scrutiny. On May 14, Reuters reported that the Commerce Department had authorised around 10 Chinese companies to buy Nvidia’s H200 processors.Not all the approvals came after the intelligence warning. Nvidia had disclosed receiving an H200 export licence in February, and Huang told Axios in March that the company held licences covering Chinese customers.<h2>Trump says he does not remember the warning</h2>Trump was asked on Monday whether intelligence officials had shown him the information. He said it was possible, but he could not recall.“Certainly, it didn’t make much of an impact on me,” he said.The fallout has been considerable for Nvidia. Megaspeed reportedly bought billions of dollars' worth of the company's chips, while the controversy surrounding Huang has put the chipmaker under growing pressure.Huang acknowledged having an affair on Sunday. Nvidia’s board has since ordered an independent investigation, while expressing confidence in his leadership and saying it had no reason to believe national security secrets were compromised.The issue is also heading towards Congress. Lawmakers from both parties have called for investigations, with top Democrats on the House Foreign Affairs Committee demanding answers from Lutnick over chip approvals involving companies with concerning China links.Huang is expected to face closed-door questioning from lawmakers next week.

US Commerce Secretary Howard Lutnick reportedly received a classified warning about Nvidia CEO Jensen Huang’s alleged links to a suspected Chinese spy before chip export approvals.

US Commerce Secretary Howard Lutnick was reportedly alerted to Nvidia CEO Jensen Huang’s ties to a woman suspected of being a Chinese intelligence agent. The warning came before the Commerce Department cleared several Chinese companies to purchase Nvidia’s advanced processors, despite the potential national security concerns surrounding the relationship. According to an Axios report, citing multiple sources familiar with the matter, Lutnick had received a classified memo detailing Nvidia CEO Jensen Huang’s relationship with Alice Huang, a woman US intelligence officials suspect of working for Chinese intelligence. The disclosure raises fresh questions about whether the department fully considered the potential security implications while approving exports of advanced American chips to China-linked businesses. What was in the classified memo? The warning was prepared under the supervision of Secretary of State Marco Rubio, The New York Times reported. It reportedly contained details gathered through surveillance of Alice Huang, as well as a chip-smuggling investigation involving her company, Megaspeed. The memo was circulated ahead of Trump’s May 13-15 visit to China. Rubio also brought the matter to Trump’s attention aboard Air Force One before the president’s refuelling stop in Anchorage. Huang was travelling with the delegation, although he had not initially been invited, the report said. The timing of the warning is now under scrutiny. On May 14, Reuters reported that the Commerce Department had authorised around 10 Chinese companies to buy Nvidia’s H200 processors. Not all the approvals came after the intelligence warning. Nvidia had disclosed receiving an H200 export licence in February, and Huang told Axios in March that the company held licences covering Chinese customers. Trump says he does not remember the warning Trump was asked on Monday whether intelligence officials had shown him the information. He said it was possible, but he could not recall. “Certainly, it didn’t make much of an impact on me,” he said. The fallout has been considerable for Nvidia. Megaspeed reportedly bought billions of dollars' worth of the company's chips, while the controversy surrounding Huang has put the chipmaker under growing pressure. Huang acknowledged having an affair on Sunday. Nvidia’s board has since ordered an independent investigation, while expressing confidence in his leadership and saying it had no reason to believe national security secrets were compromised. The issue is also heading towards Congress. Lawmakers from both parties have called for investigations, with top Democrats on the House Foreign Affairs Committee demanding answers from Lutnick over chip approvals involving companies with concerning China links. Huang is expected to face closed-door questioning from lawmakers next week.

US Commerce Secretary Howard Lutnick reportedly received a classified warning about Nvidia CEO Jensen Huang’s alleged links to a suspected Chinese spy before chip export approvals.

Was Lutnick warned about Nvidia CEO’s Jensen Huang alleged affair with Chinese spy? What we know

Alice Huang met Jensen Huang almost 10 years before their affair became public, a report by The Information has claimed. She was apparently introduced through her husband, Kang Wei, in the 2010s when the Nvidia boss carried out business dealings with him. At the time, Jensen's company sold its high-powered chips to video game makers.&nbsp;&nbsp;Earlier reports claimed that Alice met Jensen in 2024 while she was a top executive at Megaspeed, a Singapore-based cloud compute and data-centre provider that bought billions of dollars ' worth of advanced AI processors and server hardware from Nvidia. US intelligence believes that she was hired by China's Ministry of State Security (MSS) for information on Nvidia, while also using her influence on Jensen to get him to sell a huge chunk of his chips to Megaspeed. US believes the chips were passed into China, evading sanctions.Also Read: <a href="https://www.wionews.com/world/who-is-alice-huang-nvidia-ceo-jensen-huang-affair-1794194113241">Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with?</a>&nbsp;Also Read: <a href="https://www.wionews.com/trending/alice-huang-bragged-about-her-influence-on-jensen-huang-at-taipei-bar-1794370066595">Alice Huang bragged to tech executives at Taipei bar about her influence on Jensen Huang</a><h2>Alice and Kang used Jensen to grow their business</h2>Chinese media reports suggest that Kang and Alice used their relationship with Jensen to grow their business. Some also claim that Kang flaunted his wife's proximity to Jensen to his clients. It is not known whether he knew about their affair. She posted pictures of her with Jensen on her WeChat social media to drum up more business in China. Kang reportedly took the photos himself, The New York Post reported.Also Read: <a href="https://www.wionews.com/world/4-8-billion-chip-puzzle-how-nvidia-s-megaspeed-connection-unravelled-an-alleged-honeytrap-plot-1794199720984">$4.8 billion chip puzzle: How Nvidia's Megaspeed connection unravelled an alleged honeytrap plot</a><h2>Alice Huang's entry into the AI world</h2>Alice had no known experience in AI until 2023, when she became the managing director of 7Road International, a Singapore company with Chinese mobile gaming roots. Alice, who also goes by the name Huang Le, used to work at Hunan TV and the state broadcaster CCTV, according to a Chinese private-fund database. Alice then moved to HSBC, where she was listed as an assistant to the president of its private banking division. Her next jump was as vice president at CITIC Securities.Also Read: <a href="https://www.wionews.com/world/jensen-huang-s-net-worth-could-yield-a-rs-7-2-lakh-crore-divorce-payout-1794280576397">Nvidia CEO's affair scandal sparks talk of record $80bn divorce payout, the largest in history</a>&nbsp;After moving to 7Road International, the name of the company was changed to Megaspeed, and she used her closeness to Jensen to climb the ladder. The report by The Information quotes sources as saying that Alice bragged that Jensen celebrated her birthday with her every year and gave her gifts. The New York Times reported that Alice and Jensen travelled together to Nvidia’s Silicon Valley headquarters, Shanghai, a golf resort near San Jose, California, and Taiwan. One Nvidia China sales employee also claimed that Alice attended the company’s yearly gathering for local customers in China.&nbsp;

Jensen Huang knew Alice Huang for nearly a decade and met her through her husband, according to a report. The couple used their connection with the Nvidia boss to scale up their business. Alice then got Jensen to sell his advanced chips to Megaspeed.

Alice Huang met Jensen Huang almost 10 years before their affair became public, a report by The Information has claimed. She was apparently introduced through her husband, Kang Wei, in the 2010s when the Nvidia boss carried out business dealings with him. At the time, Jensen's company sold its high-powered chips to video game makers. Earlier reports claimed that Alice met Jensen in 2024 while she was a top executive at Megaspeed, a Singapore-based cloud compute and data-centre provider that bought billions of dollars ' worth of advanced AI processors and server hardware from Nvidia. US intelligence believes that she was hired by China's Ministry of State Security (MSS) for information on Nvidia, while also using her influence on Jensen to get him to sell a huge chunk of his chips to Megaspeed. US believes the chips were passed into China, evading sanctions. Also Read: Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with? Also Read: Alice Huang bragged to tech executives at Taipei bar about her influence on Jensen Huang Alice and Kang used Jensen to grow their business Chinese media reports suggest that Kang and Alice used their relationship with Jensen to grow their business. Some also claim that Kang flaunted his wife's proximity to Jensen to his clients. It is not known whether he knew about their affair. She posted pictures of her with Jensen on her WeChat social media to drum up more business in China. Kang reportedly took the photos himself, The New York Post reported. Also Read: $4.8 billion chip puzzle: How Nvidia's Megaspeed connection unravelled an alleged honeytrap plot Alice Huang's entry into the AI world Alice had no known experience in AI until 2023, when she became the managing director of 7Road International, a Singapore company with Chinese mobile gaming roots. Alice, who also goes by the name Huang Le, used to work at Hunan TV and the state broadcaster CCTV, according to a Chinese private-fund database. Alice then moved to HSBC, where she was listed as an assistant to the president of its private banking division. Her next jump was as vice president at CITIC Securities. Also Read: Nvidia CEO's affair scandal sparks talk of record $80bn divorce payout, the largest in history After moving to 7Road International, the name of the company was changed to Megaspeed, and she used her closeness to Jensen to climb the ladder. The report by The Information quotes sources as saying that Alice bragged that Jensen celebrated her birthday with her every year and gave her gifts. The New York Times reported that Alice and Jensen travelled together to Nvidia’s Silicon Valley headquarters, Shanghai, a golf resort near San Jose, California, and Taiwan. One Nvidia China sales employee also claimed that Alice attended the company’s yearly gathering for local customers in China.

Jensen Huang knew Alice Huang for nearly a decade and met her through her husband, according to a report. The couple used their connection with the Nvidia boss to scale up their business. Alice then got Jensen to sell his advanced chips to Megaspeed.

Jensen Huang met Alice Huang through her husband who flaunted their closeness to clients, report claims

Microsoft has overtaken Nvidia as the world's second-most valuable company on Tuesday (November 10). This comes after the chip giant's shares fell on uncertainty over the outlook for AI, along with a probe launched into whether Nvidia CEO Jensen Huang was the target of a foreign intelligence effort. On Tuesday, shares of Microsoft fell by 0.4 per cent to $543.25, while Nvidia lost over 6 per cent and was last at nearly $167.11.<h3>Jensen Huang affair with Chinese spy</h3>On Monday, Nvidia tumbled over 8 per cent hours after the company opened an investigation into Chief Executive Officer (CEO) Jensen Huang over an affair with a woman who is suspected of being a spy for China.&nbsp;&nbsp;The investigation, announced by the company on Sunday, has placed Huang’s future in the spotlight, downgrading Nvidia’s status as the world’s most valuable chipmaker amid the AI boom. Meanwhile, the latest data indicated that the company is valued at $4 trillion. The probe follows media reports alleging that Huang had a relationship with Alice Huang, a Chinese businesswoman who previously held a senior position at a Singapore-based data centre firm that does business with Nvidia. According to these reports, she allegedly shared information with intelligence officials in Beijing.&nbsp;Also read: <a href="https://www.wionews.com/world/alice-huang-used-her-affair-with-nvidia-ceo-jensen-huang-to-ship-chips-worth-7-5-billion-to-china-report-1794310003767">Alice Huang used her affair with Nvidia CEO Jensen Huang to ship chips worth $7.5 billion to China: Report</a> Citing US intelligence sources, the reports say officials believe Huang maintained a close relationship with her. China’s Foreign Ministry, however, pushed back on Monday, dismissing the spying allegations as a smear campaign against Beijing.&nbsp;Meanwhile, a new report has emerged that the alleged Chinese spy Alice Huang, with whom the Nvidia CEO had an affair, facilitated the shipment of at least $7.5 billion worth of the company's chips to Chinese firms. The report appeared in The Information, and it cited two people who know Alice Huang. It also claimed that Alice, along with her husband and sister, built a network of companies across China and Singapore to acquire Nvidia chips.

Microsoft overtook Nvidia as the world’s 2nd most valuable firm Tuesday, as Nvidia shares fell 6% amid AI outlook worries and a probe into CEO Jensen Huang’s alleged foreign intelligence ties.

Microsoft has overtaken Nvidia as the world's second-most valuable company on Tuesday (November 10). This comes after the chip giant's shares fell on uncertainty over the outlook for AI, along with a probe launched into whether Nvidia CEO Jensen Huang was the target of a foreign intelligence effort. On Tuesday, shares of Microsoft fell by 0.4 per cent to $543.25, while Nvidia lost over 6 per cent and was last at nearly $167.11. Jensen Huang affair with Chinese spy On Monday, Nvidia tumbled over 8 per cent hours after the company opened an investigation into Chief Executive Officer (CEO) Jensen Huang over an affair with a woman who is suspected of being a spy for China. The investigation, announced by the company on Sunday, has placed Huang’s future in the spotlight, downgrading Nvidia’s status as the world’s most valuable chipmaker amid the AI boom. Meanwhile, the latest data indicated that the company is valued at $4 trillion. The probe follows media reports alleging that Huang had a relationship with Alice Huang, a Chinese businesswoman who previously held a senior position at a Singapore-based data centre firm that does business with Nvidia. According to these reports, she allegedly shared information with intelligence officials in Beijing. Also read: Alice Huang used her affair with Nvidia CEO Jensen Huang to ship chips worth $7.5 billion to China: Report Citing US intelligence sources, the reports say officials believe Huang maintained a close relationship with her. China’s Foreign Ministry, however, pushed back on Monday, dismissing the spying allegations as a smear campaign against Beijing. Meanwhile, a new report has emerged that the alleged Chinese spy Alice Huang, with whom the Nvidia CEO had an affair, facilitated the shipment of at least $7.5 billion worth of the company's chips to Chinese firms. The report appeared in The Information, and it cited two people who know Alice Huang. It also claimed that Alice, along with her husband and sister, built a network of companies across China and Singapore to acquire Nvidia chips.

Microsoft overtook Nvidia as the world’s 2nd most valuable firm Tuesday, as Nvidia shares fell 6% amid AI outlook worries and a probe into CEO Jensen Huang’s alleged foreign intelligence ties.

Nvidia loses second spot to Microsoft as shares plunge over 6% amid CEO's affair scandal

Just over a week before Jensen Huang admitted to having an affair, he was in Paris with his wife, Lori and daughter, Madison. The latter uploaded photos of their time in the city on LinkedIn, where they were for Nvidia's GPU Technology Conference, also known as the "Superbowl of AI." During the event in late October, the family took some time off work and smiled for pictures in the French capital.&nbsp;Jensen can be seen posing with his wife Lori, whom he has been married to for 41 years, in front of the Palais-Royal, near the Louvre Museum in Paris. Madison and Lori can be seen in one photo posing with rose bouquets in front of a map of the world. Madison wrote, "Europe's AI economy is in full swing - incredible startups, AI applications and robots - the energy was insane. Our two-week whirlwind GTC trip across Stockholm, Paris, London, Berlin and Astana comes to a close."Also Read: <a href="https://www.wionews.com/world/jensen-huang-s-net-worth-could-yield-a-rs-7-2-lakh-crore-divorce-payout-1794280576397">Jensen Huang's net worth means Lori Huang could get 7.2 lakh crore in case of a divorce</a>&nbsp;Jensen admitted to the Nvidia board on Sunday that he was unfaithful to his wife. "My actions hurt her and our children. There is no excuse for what I did. To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust," Jensen wrote in a memo.Also Read: <a href="https://www.wionews.com/world/4-8-billion-chip-puzzle-how-nvidia-s-megaspeed-connection-unravelled-an-alleged-honeytrap-plot-1794199720984">$4.8 billion chip puzzle: How Nvidia's Megaspeed connection unravelled an alleged honeytrap plot</a>&nbsp;The explosive disclosure triggered a slide in Nvidia shares. On Monday morning, the shares slumped by under five per cent and wiped off around $200 billion in value.

<blockquote class="twitter-tweet">Jensen Huang &amp;amp; Alice Huang spotted at Taipei’s Sanliu Shifu (三六食府) on May 22, 2025 — she strokes his back, kisses his cheek, then they leave in the same car. 

Footage from Taiwanese media (TVBS). 

He later admitted the affair. https://t.co/orAU0LypQd&mdash; Subodh Kumar (@kumarsubodh_) <a href="https://x.com/kumarsubodh_/status/2119651251499815022?ref_src=twsrc%5Etfw">November 9, 2026</a></blockquote>
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<blockquote class="twitter-tweet">CNN reports on Jensen Huang and his extramarital affair partner Alice Huang...Note the language Financial Times uses: ‘romantic relationship’… https://t.co/M45Nt5Iabq&mdash; luke (@realLuke007) <a href="https://x.com/realLuke007/status/2119482130686427213?ref_src=twsrc%5Etfw">November 8, 2026</a></blockquote>
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<h2>Who is Alice Huang?</h2>The US government investigated the sale of $4.8 billion worth of high-performance AI chips to the Singapore-based cloud compute and data-centre provider Megaspeed International. Jensen Huang's mistress, Alice Huang, was an executive at the company and is alleged to have influenced the company into making mega sales to the company. US investigators believe that the company was a front to evade sanctions and route chips to China. They believe Beijing hired Alice to get this done and also gain more information about the company.Also Read: <a href="https://www.wionews.com/world/who-is-alice-huang-nvidia-ceo-jensen-huang-affair-1794194113241">Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with?</a><h2>Donald Trump speaks to Jensen Huang</h2>While Jensen had admitted to cheating on his wife, Nvidia and the CEO deny that any national security threat occurred. The company will carry out an investigation into the spy allegations.President Donald Trump has said that the FBI is investigating the affair between the Nvidia CEO and an alleged Chinese spy. He also revealed that he spoke to Huang about the matter. "I asked him that question, 'Did you have any idea she was a spy?' He said, 'I had no idea she was a spy,' and I really believe him," Trump told reporters. Beijing has dismissed reports that China recruited Alice to spy on Jensen.&nbsp;

Jensen Huang had admitted to having an affair and apologised to his family. He was in Paris at the end of October for Nvidia's GPU Technology Conference. Photos show him with his wife, Lori Huang. FBI has initiated an investigation into the Chinese spy allegations.

Just over a week before Jensen Huang admitted to having an affair, he was in Paris with his wife, Lori and daughter, Madison. The latter uploaded photos of their time in the city on LinkedIn, where they were for Nvidia's GPU Technology Conference, also known as the "Superbowl of AI." During the event in late October, the family took some time off work and smiled for pictures in the French capital. Jensen can be seen posing with his wife Lori, whom he has been married to for 41 years, in front of the Palais-Royal, near the Louvre Museum in Paris. Madison and Lori can be seen in one photo posing with rose bouquets in front of a map of the world. Madison wrote, "Europe's AI economy is in full swing - incredible startups, AI applications and robots - the energy was insane. Our two-week whirlwind GTC trip across Stockholm, Paris, London, Berlin and Astana comes to a close." Also Read: Jensen Huang's net worth means Lori Huang could get 7.2 lakh crore in case of a divorce Jensen admitted to the Nvidia board on Sunday that he was unfaithful to his wife. "My actions hurt her and our children. There is no excuse for what I did. To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust," Jensen wrote in a memo. Also Read: $4.8 billion chip puzzle: How Nvidia's Megaspeed connection unravelled an alleged honeytrap plot The explosive disclosure triggered a slide in Nvidia shares. On Monday morning, the shares slumped by under five per cent and wiped off around $200 billion in value.

Jensen Huang had admitted to having an affair and apologised to his family. He was in Paris at the end of October for Nvidia's GPU Technology Conference. Photos show him with his wife, Lori Huang. FBI has initiated an investigation into the Chinese spy allegations.

Jensen Huang seen with wife Lori in Paris in photos shared by daughter Madison

Lori Huang, the wife of Nvidia CEO Jensen Huang, could walk away with half of his $155.2 billion fortune if the couple get divorced after he admitted to having an affair. Alice Huang (not related to the family) is suspected of being a Chinese spy, and the company is now looking into the allegations. It is unclear whether Lori and Jensen have a prenuptial agreement. Lori will be entitled to $77 billion, half of his fortune.&nbsp;Security filings show that Jensen has moved around 600 million Nvidia shares into several family trusts and limited liability companies. He also has direct control of around 70 million shares and holds a 3.4 per cent stake in the Nvidia stock. If Lori decides to leave Jensen, she would still be entitled to around 335 million shares worth around $60 billion. According to Nvidia’s 2026 proxy, shares in Jensen's name are held in trusts, and both spouses are co-trustees. Both of them “may be deemed to have shared Beneficial interest.”Also Read: <a href="https://www.wionews.com/world/who-is-alice-huang-nvidia-ceo-jensen-huang-affair-1794194113241">Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with?</a><h2>California marital property law</h2>Lori will be entitled to what is known as community property in California, as both husband and wife have equal rights over everything acquired by a spouse during marriage. Besides the 670 million known shares, around 140 million more are in two irrevocable trusts. However, gaining access to those assets might not be easy game, depending on the rules that have been set.Also Read: <a href="https://www.wionews.com/world/4-8-billion-chip-puzzle-how-nvidia-s-megaspeed-connection-unravelled-an-alleged-honeytrap-plot-1794199720984">$4.8 billion chip puzzle: How Nvidia's Megaspeed connection unravelled an alleged honeytrap plot</a>&nbsp;Huang and Lori Huang married in 1985, eight years before he co-founded Nvidia in 1993, which is why almost all of his fortune made through Nvidia will be considered marital property and, under California law, a community property state, will be divided equally in a divorce. The couple has two children, both of whom work at the company.Also Read: <a href="https://www.wionews.com/world/from-chip-war-to-political-witch-hunt-how-chinese-media-sees-nvidia-ceo-jensen-huang-s-affair-scandal-1794228462429">From chip war to political witch-hunt: How Chinese media views Nvidia CEO Jensen Huang's affair scandal</a><h2>Jensen Huang net worth, as per Forbes</h2>According to a report by KuCoin, the couple also owns three properties in Los Altos Hills, Maui, and San Francisco's Gold Coast, valued at $70 million to $95 million. According to Forbes, Huang's fortune sits at $155.2 billion. While the exact figure is hard to determine, Lori will get around $77 billion, one of the largest billionaire divorces. MacKenzie Scott, Amazon founder Jeff Bezos's ex-wife, received $36 billion in the company shares when the couple divorced.&nbsp;Melinda Gates also reportedly got around $70 billion in her divorce settlement, although the exact figure is not clear. Upon leaving her role as co-chair of the Bill &amp; Melinda Gates Foundation in May 2024, an additional $12.5 billion was set aside by Bill Gates for her independent philanthropic work.

Jensen Huang net worth is somewhere around $155.2 billion, as per Forbes. If his wife, Lori, decides to divorce him over his affair with an alleged Chinese spy, she will be entitled to half his fortune. That would become the largest billionaire divorce in history.

Lori Huang, the wife of Nvidia CEO Jensen Huang, could walk away with half of his $155.2 billion fortune if the couple get divorced after he admitted to having an affair. Alice Huang (not related to the family) is suspected of being a Chinese spy, and the company is now looking into the allegations. It is unclear whether Lori and Jensen have a prenuptial agreement. Lori will be entitled to $77 billion, half of his fortune. Security filings show that Jensen has moved around 600 million Nvidia shares into several family trusts and limited liability companies. He also has direct control of around 70 million shares and holds a 3.4 per cent stake in the Nvidia stock. If Lori decides to leave Jensen, she would still be entitled to around 335 million shares worth around $60 billion. According to Nvidia’s 2026 proxy, shares in Jensen's name are held in trusts, and both spouses are co-trustees. Both of them “may be deemed to have shared Beneficial interest.” Also Read: Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with? California marital property law Lori will be entitled to what is known as community property in California, as both husband and wife have equal rights over everything acquired by a spouse during marriage. Besides the 670 million known shares, around 140 million more are in two irrevocable trusts. However, gaining access to those assets might not be easy game, depending on the rules that have been set. Also Read: $4.8 billion chip puzzle: How Nvidia's Megaspeed connection unravelled an alleged honeytrap plot Huang and Lori Huang married in 1985, eight years before he co-founded Nvidia in 1993, which is why almost all of his fortune made through Nvidia will be considered marital property and, under California law, a community property state, will be divided equally in a divorce. The couple has two children, both of whom work at the company. Also Read: From chip war to political witch-hunt: How Chinese media views Nvidia CEO Jensen Huang's affair scandal Jensen Huang net worth, as per Forbes According to a report by KuCoin, the couple also owns three properties in Los Altos Hills, Maui, and San Francisco's Gold Coast, valued at $70 million to $95 million. According to Forbes, Huang's fortune sits at $155.2 billion. While the exact figure is hard to determine, Lori will get around $77 billion, one of the largest billionaire divorces. MacKenzie Scott, Amazon founder Jeff Bezos's ex-wife, received $36 billion in the company shares when the couple divorced. Melinda Gates also reportedly got around $70 billion in her divorce settlement, although the exact figure is not clear. Upon leaving her role as co-chair of the Bill & Melinda Gates Foundation in May 2024, an additional $12.5 billion was set aside by Bill Gates for her independent philanthropic work.

Jensen Huang net worth is somewhere around $155.2 billion, as per Forbes. If his wife, Lori, decides to divorce him over his affair with an alleged Chinese spy, she will be entitled to half his fortune. That would become the largest billionaire divorce in history.

Nvidia CEO's affair scandal sparks talk of record $80bn divorce payout, the largest in history

Nvidia CEO Jensen Huang's admission of having an affair is part of a bigger probe that has been ongoing since the Biden administration was about to wrap things up at the White House. Alice Huang, the woman he allegedly had an affair with, was an executive at Megaspeed International, a Singapore-based cloud compute and data-centre provider that had been under the radar of the US Commerce Department for more than two years.&nbsp;There are allegations that the company was used to evade US chip sanctions. Under US export controls, direct sales of high-performance AI chips, like Nvidia's A100 and H100 lines, to mainland China are strictly restricted without specialised licenses.&nbsp;Between mid-2024 and early 2026, Megaspeed emerged as a major global buyer of high-end Nvidia graphics processing units (GPUs). According to trade and transaction records, cited by The New York Times, Speedmatrix, a Malaysian subsidiary of Megaspeed, purchased over $4.8 billion worth of advanced AI processors and server hardware between June 2024 and February 2026. Megaspeed developed data centres across Southeast Asia, including in Malaysia and Indonesia, and provided computing capacity to Chinese clients, including Alibaba.Also Read: <a href="https://www.wionews.com/world/who-is-alice-huang-nvidia-ceo-jensen-huang-affair-1794194113241">Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with?</a>&nbsp;The scale of the dealings made US authorities suspicious, who scrutinised whether Megaspeed was acting as a third-party intermediary, and routing or smuggling advanced chips and server infrastructure to Chinese entities via Southeast Asian hubs. During a 2024 inspection of a Megaspeed facility in Malaysia, investigators reportedly discovered significant quantities of high-end AI hardware sitting uninstalled in original shipping crates. This raised doubts about whether the equipment was intended for domestic deployment or diversion.Also Read: <a href="https://www.wionews.com/world/i-was-unfaithful-to-my-wife-nvidia-opens-investigation-after-ceo-jensen-huang-admits-affair-with-alleged-chinese-spy-1794188565871">Nvidia opens investigation after CEO Jensen Huang admits affair with alleged Chinese spy</a>&nbsp;The matter turned into a national security issue after The Wall Street Journal and The New York Times reported that US intelligence has been monitoring Alice Huang. They assessed whether Alice Huang had been recruited by China’s Ministry of State Security (MSS) to gather intelligence on Western AI technology supply chains. While she was being electronically monitored, US intelligence agencies picked up contact with an American whose name was initially masked, who was later revealed to be Jensen Huang.&nbsp;Personal and professional interactions between Alice Huang and Nvidia CEO Jensen Huang were scanned to know if Chinese intelligence was using commercial channels and executive relationships to gain insights into Nvidia's hardware allocation, supply timelines, or lobbying efforts to ease export restrictions.<h2>Nvidia and Jensen Huang response</h2>&nbsp;On October 29, when the NYT report came out, Nvidia described meetings with Alice Huang as routine contact with a customer. Its spokesman said customers received ordinary business information and had no access to trade secrets. Jensen Huang also told Bloomberg meetings with Alice Huang were limited to Megaspeed and "completely normal and not unusual." Nvidia said an internal board probe found no evidence of national security breaches or trade secret leakage. Jensen Huang did acknowledge he made personal relationship misjudgments and was "unfaithful" to his wife.<h2>What Singapore and China said</h2>&nbsp;Meanwhile, the Singapore government clarified that Alice Huang was never investigated for espionage nor brought in for intelligence questioning. However, authorities confirmed an ongoing domestic investigation into Megaspeed regarding corporate fraud and supplier misrepresentations. China has further dismissed the allegations as "groundless speculation" and anti-China politicisation of normal commercial tech trade.

Nvidia's connection to Megaspeed and the $4.8 billion sale sparked an intelligence probe into the Singapore-based company and whether it was a front to evade US chip sanctions. The investigation also revealed CEO Jensen Huang's connection to a woman. 

Nvidia CEO Jensen Huang's admission of having an affair is part of a bigger probe that has been ongoing since the Biden administration was about to wrap things up at the White House. Alice Huang, the woman he allegedly had an affair with, was an executive at Megaspeed International, a Singapore-based cloud compute and data-centre provider that had been under the radar of the US Commerce Department for more than two years. There are allegations that the company was used to evade US chip sanctions. Under US export controls, direct sales of high-performance AI chips, like Nvidia's A100 and H100 lines, to mainland China are strictly restricted without specialised licenses. Between mid-2024 and early 2026, Megaspeed emerged as a major global buyer of high-end Nvidia graphics processing units (GPUs). According to trade and transaction records, cited by The New York Times, Speedmatrix, a Malaysian subsidiary of Megaspeed, purchased over $4.8 billion worth of advanced AI processors and server hardware between June 2024 and February 2026. Megaspeed developed data centres across Southeast Asia, including in Malaysia and Indonesia, and provided computing capacity to Chinese clients, including Alibaba. Also Read: Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with? The scale of the dealings made US authorities suspicious, who scrutinised whether Megaspeed was acting as a third-party intermediary, and routing or smuggling advanced chips and server infrastructure to Chinese entities via Southeast Asian hubs. During a 2024 inspection of a Megaspeed facility in Malaysia, investigators reportedly discovered significant quantities of high-end AI hardware sitting uninstalled in original shipping crates. This raised doubts about whether the equipment was intended for domestic deployment or diversion. Also Read: Nvidia opens investigation after CEO Jensen Huang admits affair with alleged Chinese spy The matter turned into a national security issue after The Wall Street Journal and The New York Times reported that US intelligence has been monitoring Alice Huang. They assessed whether Alice Huang had been recruited by China’s Ministry of State Security (MSS) to gather intelligence on Western AI technology supply chains. While she was being electronically monitored, US intelligence agencies picked up contact with an American whose name was initially masked, who was later revealed to be Jensen Huang. Personal and professional interactions between Alice Huang and Nvidia CEO Jensen Huang were scanned to know if Chinese intelligence was using commercial channels and executive relationships to gain insights into Nvidia's hardware allocation, supply timelines, or lobbying efforts to ease export restrictions. Nvidia and Jensen Huang response On October 29, when the NYT report came out, Nvidia described meetings with Alice Huang as routine contact with a customer. Its spokesman said customers received ordinary business information and had no access to trade secrets. Jensen Huang also told Bloomberg meetings with Alice Huang were limited to Megaspeed and "completely normal and not unusual." Nvidia said an internal board probe found no evidence of national security breaches or trade secret leakage. Jensen Huang did acknowledge he made personal relationship misjudgments and was "unfaithful" to his wife. What Singapore and China said Meanwhile, the Singapore government clarified that Alice Huang was never investigated for espionage nor brought in for intelligence questioning. However, authorities confirmed an ongoing domestic investigation into Megaspeed regarding corporate fraud and supplier misrepresentations. China has further dismissed the allegations as "groundless speculation" and anti-China politicisation of normal commercial tech trade.

Nvidia's connection to Megaspeed and the $4.8 billion sale sparked an intelligence probe into the Singapore-based company and whether it was a front to evade US chip sanctions. The investigation also revealed CEO Jensen Huang's connection to a woman.&nbsp;

$4.8 billion chip puzzle: How Nvidia's Megaspeed connection unravelled an alleged honeytrap plot

Alice Huang is the woman at the centre of an alleged honey trap involving Nvidia CEO Jensen Huang. The New York Times reported that the 63-year-old has come clean about an affair with an unnamed woman. He has pledged to cooperate with an independent investigation, as it appears she was working for China and passing information to Beijing. Nvidia has said it found no reason to believe that US national security or company secrets were leaked in any way.&nbsp;&nbsp;According to a US intelligence memo cited by NYT and the Financial Times, Alice Huang had been recruited by China's Ministry of State Security to potentially get information on Nvidia's most advanced chips and influence it to sell them to China. Meanwhile, Beijing has denied the allegations, calling them “groundless smears and slander.”Also Read: <a href="https://www.wionews.com/world/4-8-billion-chip-puzzle-how-nvidia-s-megaspeed-connection-unravelled-an-alleged-honeytrap-plot-1794199720984">$4.8 billion chip puzzle: How Nvidia's Megaspeed connection unravelled an alleged honeytrap plot</a>&nbsp;Reports show that she was seen beside Huang many times. In June 2024, she was seated next to Jensen at a bar in Taipei, joined by executives from Gigabyte and NetThunder. A photo of the meeting was shared on LinkedIn.&nbsp;In May next year, she was with him as Jensen spoke to reporters after a dinner with AI suppliers in Taipei. By this time, a company Alice had been linked to in the past had started buying advanced Nvidia equipment on a large scale. Trade and transaction records indicated that Megaspeed-linked entities purchased over $4.8 billion worth of advanced AI processors and server hardware. The large-scale dealings were enough to raise Washington's suspicions.Also Read: <a href="https://www.wionews.com/world/nvidia-jensen-huang-investigation-shares-short-positions-1794212820285">Nvidia shares slide as traders open short positions amid reports of probe into CEO Huang's affair</a><h2>Photos and videos of Jensen Huang with Alice Huang</h2>

<blockquote class="twitter-tweet">黄仁勋和情人Alice Huang更多照片首次曝光 https://t.co/2zOmMkOBcm&mdash; 大厂白洁 (@santoulang) <a href="https://x.com/santoulang/status/2119612675345031244?ref_src=twsrc%5Etfw">November 9, 2026</a></blockquote>
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<h2>Who is Alice Huang?</h2>&nbsp;According to a profile listed under Huang Le, Alice's other name, she is listed in a Chinese private-fund database, according to which she worked at Hunan TV and the state broadcaster CCTV in the early years of her career. She then moved to HSBC, where she was listed as an assistant to the president of its private banking division. She made a leap to being the vice president at CITIC Securities. However, when the New York Post contacted the two TV channels, no records of Alice showed up. A Hunan TV executive said he had never heard of her.Also Read: <a href="https://www.wionews.com/world/i-was-unfaithful-to-my-wife-nvidia-opens-investigation-after-ceo-jensen-huang-admits-affair-with-alleged-chinese-spy-1794188565871">Nvidia opens investigation after CEO Jensen Huang admits affair with alleged Chinese spy</a><h2>Alice Huang's corporate and investment records</h2>In March 2023, Huang became managing director of 7Road International, a Singapore company with Chinese mobile gaming roots. After she joined, the company's name changed to Megaspeed, and ownership passed to Huang Le Limited. Then, in November, a newly incorporated company called Swiftdata took over, and by then she had resigned as a director. Megaspeed is a major Nvidia customer.&nbsp;A profile linked Huang to Shanghai Hexi Investment Management as The New York Times uncovered a web of investors moving from mobile gaming into AI data centres across Shanghai and Zhejiang. Reports suggest that the network held a stake in a cybersecurity subsidiary of China Electronics Technology Group Corporation, a major state-owned military contractor. According to investors familiar with the business, Huang and her associates leveraged her connection to Nvidia’s CEO to raise capital.<h2>Beijing dismisses allegations around Alice Huang</h2>Beijing has dismissed all allegations about Alice. In Singapore, the Ministry of Home Affairs dismissed a Wall Street Journal report that US intelligence agencies suspected Chinese citizen Alice Huang of being a Chinese intelligence asset targeted at getting close to the Nvidia CEO. The Journal had also asked about information that she was questioned and released in 2025. The MHA clarified that Singapore police never investigated Alice Huang for espionage or brought her in for intelligence questioning. However, authorities confirmed an ongoing domestic investigation into Megaspeed regarding corporate fraud and supplier misrepresentations.&nbsp;

Nvidia CEO Jensen Huang has admitted to having an affair. US intelligence officials believe that Alice Huang got close to him and influenced the company to sell its highly advanced chips to China. Nvidia will open its own independent probe into Jensen's admission. 

Alice Huang is the woman at the centre of an alleged honey trap involving Nvidia CEO Jensen Huang. The New York Times reported that the 63-year-old has come clean about an affair with an unnamed woman. He has pledged to cooperate with an independent investigation, as it appears she was working for China and passing information to Beijing. Nvidia has said it found no reason to believe that US national security or company secrets were leaked in any way. According to a US intelligence memo cited by NYT and the Financial Times, Alice Huang had been recruited by China's Ministry of State Security to potentially get information on Nvidia's most advanced chips and influence it to sell them to China. Meanwhile, Beijing has denied the allegations, calling them “groundless smears and slander.” Also Read: $4.8 billion chip puzzle: How Nvidia's Megaspeed connection unravelled an alleged honeytrap plot Reports show that she was seen beside Huang many times. In June 2024, she was seated next to Jensen at a bar in Taipei, joined by executives from Gigabyte and NetThunder. A photo of the meeting was shared on LinkedIn. In May next year, she was with him as Jensen spoke to reporters after a dinner with AI suppliers in Taipei. By this time, a company Alice had been linked to in the past had started buying advanced Nvidia equipment on a large scale. Trade and transaction records indicated that Megaspeed-linked entities purchased over $4.8 billion worth of advanced AI processors and server hardware. The large-scale dealings were enough to raise Washington's suspicions. Also Read: Nvidia shares slide as traders open short positions amid reports of probe into CEO Huang's affair Photos and videos of Jensen Huang with Alice Huang

Nvidia CEO Jensen Huang has admitted to having an affair. US intelligence officials believe that Alice Huang got close to him and influenced the company to sell its highly advanced chips to China. Nvidia will open its own independent probe into Jensen's admission.&nbsp;

Who is Alice Huang, the woman Nvidia CEO Jensen Huang allegedly had an affair with?

Nvidia announced on Sunday that it was opening an investigation into its chief executive and co-founder, Jensen Huang, after he acknowledged to the company’s board that he had been intimate with a business executive identified by US intelligence agencies as a Chinese spy. Huang’s relationship with the woman, who goes by Alice Huang, became a concern for the US government after surveillance reportedly revealed that she was providing information directly to Beijing. The development raised significant questions because Huang is among the most influential figures in the artificial intelligence industry and is also a prominent ally of President Donald Trump.&nbsp;In a message to the company, Huang apologised for his actions. “I was unfaithful to my wife,” he said. “My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.” Nvidia’s board said it had no reason to believe that either national security or Nvidia secrets were compromised, but added that the board’s inquiry will examine all available information. It also said that Huang fully supports the review and has committed to cooperating with it.&nbsp;The company’s independent board members will select outside legal counsel to conduct the investigation. Nvidia spokesman John Rizzo said Huang would not participate in choosing the counsel. Huang, 63, will remain in charge of the company throughout the investigation, according to the board. As a co-founder, he has established an unusual management structure at Nvidia, overseeing every aspect of the business while managing approximately 60 employees who report directly to him.&nbsp;“Today’s news will not slow Nvidia,” Rizzo said. “Jensen is committed to continuing to lead Nvidia as CEO. without interruption.” Speaking briefly to reporters on Sunday evening before leaving Florida, Trump defended Huang and said he would certainly take him on his upcoming trip to China. “I haven’t heard he’s done anything wrong,” Trump said. “He dealt with somebody, but you know, so does everybody else.”&nbsp;Trump said he had not discussed the matter with Huang. “I just know he’s a fine person, but you never know what’s going on,” Trump said. He also said he had no regrets about not taking action when he was informed approximately a year earlier that US intelligence agencies were electronically monitoring Alice Huang. “I think he’s an honorable guy. I think he probably has an excuse for it. You have to hear it. No, you can’t do that with people,” Trump said. “He has done an amazing job for our country. “&nbsp;Also Read: <a href="https://www.wionews.com/world/over-200-000-take-to-amsterdam-streets-in-red-line-protest-demand-action-against-israel-1794166245694">Over 200,000 take to Amsterdam streets in 'Red Line' protest, demand action against Israel</a>&nbsp;When asked whether Huang should continue as Nvidia’s chief executive, Trump responded: “I think so. Oh yes, sure.”Public attention surrounding Huang’s relationship with Alice Huang began after The New York Times reported last month that American intelligence agencies had discovered his close relationship with a Chinese citizen and chip buyer. US officials had concluded that the woman was collecting intelligence for Beijing.&nbsp;The executive was identified as Alice Huang, also known as Huang Le. Her biography stated that she had previously worked as a television reporter in China before becoming a senior executive at Megaspeed, a Singapore-based data center company. Megaspeed had become one of Nvidia’s largest customers in Southeast Asia, purchasing more than $4.8 billion worth of chips since June 2024.&nbsp;Nvidia continued doing business with Megaspeed even after The Times reported last year that the Commerce Department was investigating whether the company was helping China obtain restricted artificial intelligence chips through smuggling. Huang and Alice Huang are not related.&nbsp;Initially, Nvidia and Huang maintained that there was nothing unusual or problematic about their relationship. In an interview with Bloomberg News last month, Huang described his interactions with her as related to Megaspeed, and it was all completely normal and not unusual. The controversy represents an unusual setback for Huang, whose reputation and business influence have grown considerably over the past three years.&nbsp;Nvidia, which manufactures the technology used to develop artificial intelligence systems, has become one of the world's most valuable companies. Its chips have played a central role in the expansion of data centers powering the US economy. Trump developed a close relationship with Huang, inviting him aboard Air Force One. Huang also became a familiar public figure, attracting crowds seeking his autograph at events. His signature black leather jackets, which he wears regularly, even became collectors' items. As Nvidia expanded, Huang also brought members of his family into the company's business.&nbsp;US authorities began monitoring Alice Huang more than a year ago as part of an investigation into whether Megaspeed was directing advanced Nvidia artificial intelligence chips to China. During the surveillance, officials discovered that she was communicating with a US citizen who was identified as Jensen Huang. Officials who had access to the intelligence said they were certain that the relationship was romantic. This contradicted Nvidia's earlier statements to The Times and other media outlets about the nature of Huang's relationship with the executive.

Nvidia launches an independent investigation into CEO Jensen Huang’s relationship with Alice Huang, a Chinese executive suspected of gathering intelligence for Beijing

Nvidia announced on Sunday that it was opening an investigation into its chief executive and co-founder, Jensen Huang, after he acknowledged to the company’s board that he had been intimate with a business executive identified by US intelligence agencies as a Chinese spy. Huang’s relationship with the woman, who goes by Alice Huang, became a concern for the US government after surveillance reportedly revealed that she was providing information directly to Beijing. The development raised significant questions because Huang is among the most influential figures in the artificial intelligence industry and is also a prominent ally of President Donald Trump. In a message to the company, Huang apologised for his actions. “I was unfaithful to my wife,” he said. “My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.” Nvidia’s board said it had no reason to believe that either national security or Nvidia secrets were compromised, but added that the board’s inquiry will examine all available information. It also said that Huang fully supports the review and has committed to cooperating with it. The company’s independent board members will select outside legal counsel to conduct the investigation. Nvidia spokesman John Rizzo said Huang would not participate in choosing the counsel. Huang, 63, will remain in charge of the company throughout the investigation, according to the board. As a co-founder, he has established an unusual management structure at Nvidia, overseeing every aspect of the business while managing approximately 60 employees who report directly to him. “Today’s news will not slow Nvidia,” Rizzo said. “Jensen is committed to continuing to lead Nvidia as CEO. without interruption.” Speaking briefly to reporters on Sunday evening before leaving Florida, Trump defended Huang and said he would certainly take him on his upcoming trip to China. “I haven’t heard he’s done anything wrong,” Trump said. “He dealt with somebody, but you know, so does everybody else.” Trump said he had not discussed the matter with Huang. “I just know he’s a fine person, but you never know what’s going on,” Trump said. He also said he had no regrets about not taking action when he was informed approximately a year earlier that US intelligence agencies were electronically monitoring Alice Huang. “I think he’s an honorable guy. I think he probably has an excuse for it. You have to hear it. No, you can’t do that with people,” Trump said. “He has done an amazing job for our country. “ Also Read: Over 200,000 take to Amsterdam streets in 'Red Line' protest, demand action against Israel When asked whether Huang should continue as Nvidia’s chief executive, Trump responded: “I think so. Oh yes, sure.” Public attention surrounding Huang’s relationship with Alice Huang began after The New York Times reported last month that American intelligence agencies had discovered his close relationship with a Chinese citizen and chip buyer. US officials had concluded that the woman was collecting intelligence for Beijing. The executive was identified as Alice Huang, also known as Huang Le. Her biography stated that she had previously worked as a television reporter in China before becoming a senior executive at Megaspeed, a Singapore-based data center company. Megaspeed had become one of Nvidia’s largest customers in Southeast Asia, purchasing more than $4.8 billion worth of chips since June 2024. Nvidia continued doing business with Megaspeed even after The Times reported last year that the Commerce Department was investigating whether the company was helping China obtain restricted artificial intelligence chips through smuggling. Huang and Alice Huang are not related. Initially, Nvidia and Huang maintained that there was nothing unusual or problematic about their relationship. In an interview with Bloomberg News last month, Huang described his interactions with her as related to Megaspeed, and it was all completely normal and not unusual. The controversy represents an unusual setback for Huang, whose reputation and business influence have grown considerably over the past three years. Nvidia, which manufactures the technology used to develop artificial intelligence systems, has become one of the world's most valuable companies. Its chips have played a central role in the expansion of data centers powering the US economy. Trump developed a close relationship with Huang, inviting him aboard Air Force One. Huang also became a familiar public figure, attracting crowds seeking his autograph at events. His signature black leather jackets, which he wears regularly, even became collectors' items. As Nvidia expanded, Huang also brought members of his family into the company's business. US authorities began monitoring Alice Huang more than a year ago as part of an investigation into whether Megaspeed was directing advanced Nvidia artificial intelligence chips to China. During the surveillance, officials discovered that she was communicating with a US citizen who was identified as Jensen Huang. Officials who had access to the intelligence said they were certain that the relationship was romantic. This contradicted Nvidia's earlier statements to The Times and other media outlets about the nature of Huang's relationship with the executive.

Nvidia investigates CEO Jensen Huang over his relationship with a Chinese executive suspected of spying for Beijing, as he apologizes for infidelity

'I was unfaithful to my wife': Nvidia opens investigation after CEO Jensen Huang admits affair with alleged Chinese spy

The race to build more powerful artificial intelligence (AI) chips is creating a new bottleneck in the semiconductor industry: advanced packaging. Companies including Nvidia and AMD are seeking more production capacity as demand for high-performance processors outpaces the industry's ability to package them.&nbsp;The shift is attracting billions of dollars in investment, with spending on advanced packaging expected to approach $28 billion in 2026, according to research firm Yole Group. Revenue from advanced packaging is also forecast to surpass traditional packaging for the first time this year. What was once a relatively overlooked stage of chip manufacturing is now becoming essential to the development of advanced AI processors.<h2>Why advanced packaging matters for AI chips</h2>Traditional chip packaging mainly protected silicon and provided electrical connections to circuit boards. Advanced packaging does much more. It brings multiple pieces of silicon, including processors and memory, together inside a single package. This allows them to communicate faster and handle the enormous amounts of data required to train and run AI models. Some modern graphics processing units (GPUs) and central processing units (CPUs) can integrate 10 or more chips, with certain designs using as many as 20. Former Intel chief executive Pat Gelsinger told reporters in Taipei that advanced packaging could eventually account for as much as half the value of a chip product. The technology is becoming increasingly important as making processors smaller and adding more transistors becomes harder and more expensive.<h2>Nvidia and AMD look beyond TSMC</h2>Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, dominates advanced packaging technology, including its chip-on-wafer-on-substrate (CoWoS) process. Nvidia, AMD and Broadcom use the technology to connect processors with memory and other components.However, limited capacity at TSMC is encouraging chipmakers to explore additional suppliers. Nvidia is providing billions of dollars in financing to expand CoWoS packaging capacity at Siliconware Precision Industries (SPIL), a unit of Taiwan's ASE Technology, according to an industry executive familiar with the matter. The funding is expected to support factory expansion and equipment purchases. Nvidia did not respond to a request for comment, while ASE declined to comment on market rumours involving customers. AMD has also announced investments of more than $10 billion across Taiwan's semiconductor industry, including partnerships with ASE, SPIL and Powertech Technology.&nbsp;<h2>Taiwan's packaging alternatives gain attention</h2>Powertech Technology, also known as PTI, is developing panel-level packaging. Unlike conventional wafer-based methods, it uses larger rectangular panels to accommodate more chips in each production run and reduce material waste. The company is working with AMD and Broadcom on the technology. It also plans to invest $400 million in an advanced packaging joint venture with Broadcom in Singapore, with production potentially beginning in 2028. TSMC is developing its own panel-based approach, called chip-on-panel-on-substrate (CoPoS), and has previously said it built a pilot production line. The expansion is also creating opportunities for semiconductor equipment manufacturers. Companies such as Tokyo Electron and Applied Materials are developing tools to support the growing market. For the AI industry, the message is clear: building powerful processors is no longer enough. Companies must also find ways to package them at scale.

The AI chip boom is driving a global race to expand advanced packaging capacity. Nvidia, AMD and Taiwan's semiconductor suppliers are investing in new facilities and technologies as industry spending approaches $28 billion in 2026.

The race to build more powerful artificial intelligence (AI) chips is creating a new bottleneck in the semiconductor industry: advanced packaging. Companies including Nvidia and AMD are seeking more production capacity as demand for high-performance processors outpaces the industry's ability to package them. The shift is attracting billions of dollars in investment, with spending on advanced packaging expected to approach $28 billion in 2026, according to research firm Yole Group. Revenue from advanced packaging is also forecast to surpass traditional packaging for the first time this year. What was once a relatively overlooked stage of chip manufacturing is now becoming essential to the development of advanced AI processors. Why advanced packaging matters for AI chips Traditional chip packaging mainly protected silicon and provided electrical connections to circuit boards. Advanced packaging does much more. It brings multiple pieces of silicon, including processors and memory, together inside a single package. This allows them to communicate faster and handle the enormous amounts of data required to train and run AI models. Some modern graphics processing units (GPUs) and central processing units (CPUs) can integrate 10 or more chips, with certain designs using as many as 20. Former Intel chief executive Pat Gelsinger told reporters in Taipei that advanced packaging could eventually account for as much as half the value of a chip product. The technology is becoming increasingly important as making processors smaller and adding more transistors becomes harder and more expensive. Nvidia and AMD look beyond TSMC Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, dominates advanced packaging technology, including its chip-on-wafer-on-substrate (CoWoS) process. Nvidia, AMD and Broadcom use the technology to connect processors with memory and other components. However, limited capacity at TSMC is encouraging chipmakers to explore additional suppliers. Nvidia is providing billions of dollars in financing to expand CoWoS packaging capacity at Siliconware Precision Industries (SPIL), a unit of Taiwan's ASE Technology, according to an industry executive familiar with the matter. The funding is expected to support factory expansion and equipment purchases. Nvidia did not respond to a request for comment, while ASE declined to comment on market rumours involving customers. AMD has also announced investments of more than $10 billion across Taiwan's semiconductor industry, including partnerships with ASE, SPIL and Powertech Technology. Taiwan's packaging alternatives gain attention Powertech Technology, also known as PTI, is developing panel-level packaging. Unlike conventional wafer-based methods, it uses larger rectangular panels to accommodate more chips in each production run and reduce material waste. The company is working with AMD and Broadcom on the technology. It also plans to invest $400 million in an advanced packaging joint venture with Broadcom in Singapore, with production potentially beginning in 2028. TSMC is developing its own panel-based approach, called chip-on-panel-on-substrate (CoPoS), and has previously said it built a pilot production line. The expansion is also creating opportunities for semiconductor equipment manufacturers. Companies such as Tokyo Electron and Applied Materials are developing tools to support the growing market. For the AI industry, the message is clear: building powerful processors is no longer enough. Companies must also find ways to package them at scale.

The AI chip boom is driving a global race to expand advanced packaging capacity. Nvidia, AMD and Taiwan's semiconductor suppliers are investing in new facilities and technologies as industry spending approaches $28 billion in 2026.

The next big AI chip battle may not be about processors, but how they are packaged

China on Friday (Oct 30) rejected allegations that a Chinese businesswoman had gathered intelligence on Nvidia chief executive Jensen Huang for Beijing, calling the claims an attempt to tarnish its image. This comes following a report alleging that US intelligence agencies had uncovered a suspected Chinese espionage operation involving the technology executive.Foreign ministry spokesman Guo Jiakun dismissed the report during a regular briefing, saying: “The report in question is based on groundless speculation and is nothing more than an attempt to smear China.”<h2>What did the report claim?</h2>According to The New York Times, US intelligence agencies suspected Alice Huang, also known as Huang Le, a Chinese businesswoman linked to Singapore-based data centre firm Megaspeed, of gathering information for Beijing. The report said she had developed a close relationship with Nvidia CEO Jensen Huang, although the two are not related.US investigators were also examining whether Megaspeed had helped divert advanced Nvidia AI chips to China, potentially bypassing American export restrictions. Surveillance reportedly uncovered communications between Alice Huang and an American citizen, who was later identified as Jensen Huang through a process known as “unmasking”.Also read | <a href="https://www.wionews.com/world/nvidia-ceo-jensen-huang-faces-questions-over-alleged-chinese-intelligence-links-report-1793301555172">Nvidia dismisses report alleging Chinese executive tied to CEO Jensen Huang passed intel to Beijing</a>The report further claimed that US President Donald Trump had been briefed on the intelligence findings roughly a year ago but chose not to act on the information. It remains unclear what information Alice Huang allegedly passed to Beijing, how valuable it was or when the suspected intelligence-gathering activity began.<h2>Nvidia rejects national security concerns</h2>Nvidia said the interactions between its chief executive and Alice Huang were part of routine business engagements.A company spokesperson said Megaspeed was like any other regional customer, adding that “Jensen’s interactions with Ms Huang are not unusual or unexpected.” The spokesperson also maintained that regional cloud customers receive “ordinary business information” rather than sensitive trade secrets or information relevant to national security.Megaspeed, meanwhile, has appointed external legal advisers to investigate the allegations and informed the US government of its willingness to cooperate.<h2>US-China technology rivalry in focus</h2>The allegations emerge against the backdrop of Washington’s restrictions on advanced semiconductor exports to China, introduced in 2022 over national security concerns. The dispute highlights the growing sensitivity surrounding access to AI technology as both countries compete for dominance in the sector.

China has rejected US spy allegations involving Nvidia CEO Jensen Huang and Chinese businesswoman Alice Huang, calling a report on the suspected intelligence operation an attempt to smear Beijing.

China on Friday (Oct 30) rejected allegations that a Chinese businesswoman had gathered intelligence on Nvidia chief executive Jensen Huang for Beijing, calling the claims an attempt to tarnish its image. This comes following a report alleging that US intelligence agencies had uncovered a suspected Chinese espionage operation involving the technology executive. Foreign ministry spokesman Guo Jiakun dismissed the report during a regular briefing, saying: “The report in question is based on groundless speculation and is nothing more than an attempt to smear China.” What did the report claim? According to The New York Times, US intelligence agencies suspected Alice Huang, also known as Huang Le, a Chinese businesswoman linked to Singapore-based data centre firm Megaspeed, of gathering information for Beijing. The report said she had developed a close relationship with Nvidia CEO Jensen Huang, although the two are not related. US investigators were also examining whether Megaspeed had helped divert advanced Nvidia AI chips to China, potentially bypassing American export restrictions. Surveillance reportedly uncovered communications between Alice Huang and an American citizen, who was later identified as Jensen Huang through a process known as “unmasking”. Also read | Nvidia dismisses report alleging Chinese executive tied to CEO Jensen Huang passed intel to Beijing The report further claimed that US President Donald Trump had been briefed on the intelligence findings roughly a year ago but chose not to act on the information. It remains unclear what information Alice Huang allegedly passed to Beijing, how valuable it was or when the suspected intelligence-gathering activity began. Nvidia rejects national security concerns Nvidia said the interactions between its chief executive and Alice Huang were part of routine business engagements. A company spokesperson said Megaspeed was like any other regional customer, adding that “Jensen’s interactions with Ms Huang are not unusual or unexpected.” The spokesperson also maintained that regional cloud customers receive “ordinary business information” rather than sensitive trade secrets or information relevant to national security. Megaspeed, meanwhile, has appointed external legal advisers to investigate the allegations and informed the US government of its willingness to cooperate. US-China technology rivalry in focus The allegations emerge against the backdrop of Washington’s restrictions on advanced semiconductor exports to China, introduced in 2022 over national security concerns. The dispute highlights the growing sensitivity surrounding access to AI technology as both countries compete for dominance in the sector.

China has rejected US spy allegations involving Nvidia CEO Jensen Huang and Chinese businesswoman Alice Huang, calling a report on the suspected intelligence operation an attempt to smear Beijing.

‘Attempt to smear China’: Beijing denies spy plot targeting Nvidia CEO Jensen Huang

US intelligence agencies have reportedly concluded that Alice Huang, also known as Huang Le, a Chinese citizen and former senior executive at Singapore-based data center company Megaspeed, was acting as an intelligence asset for Beijing, according to an article published in The New York Times. The allegations have raised concerns in Washington over her relationship with Nvidia CEO Jensen Huang and the potential implications for US national security.&nbsp;According to people briefed on the surveillance, American officials believe Alice Huang was gathering information for China while maintaining a close relationship with Jensen Huang, one of the most influential figures in the artificial intelligence industry. The findings reportedly reached President Donald Trump about a year ago, but he chose not to take action. The account, based on interviews with people familiar with classified intelligence and other government and industry sources, raises questions about whether Beijing could have gained insights into Nvidia, US technology policy and the administration's approach to exporting advanced AI chips.<h2>Intelligence findings raise national security concerns</h2>US officials had already suspected that Megaspeed was helping Chinese companies gain access to advanced Nvidia chips despite American export restrictions. The reported conclusion that Alice Huang was also collecting intelligence for Beijing added a new dimension to the investigation. Officials reportedly monitored her communications electronically. Surveillance involving an American citizen led to an identification process known as unmasking, which revealed Jensen Huang's identity, according to people familiar with the matter.&nbsp;It remains unclear what information Alice Huang allegedly passed to Chinese authorities, how she started gathering intelligence or whether Jensen Huang knew about her suspected activities. Nvidia's CEO has not received a defensive briefing, a warning sometimes provided to Americans who may be targeted by foreign intelligence services. Officials have not publicly explained why such a briefing was withheld. One possible concern is that alerting Jensen Huang could have compromised the ongoing surveillance.&nbsp;When President Trump was first briefed, officials reportedly did not believe Jensen Huang knew that Alice Huang was allegedly working for Chinese intelligence. Some senior administration officials have since questioned whether he could have remained unaware of her suspected role. The surveillance is reportedly continuing, while companies associated with Megaspeed have continued purchasing Nvidia products.<h2>Nvidia defends its relationship with Megaspeed</h2>Nvidia has rejected suggestions that its relationship with Megaspeed indicates wrongdoing. The company said Megaspeed was a regional customer and that it had previously investigated and dismissed allegations that the Singapore-based business was smuggling chips into China. John Rizzo, a spokesman for Nvidia, said, “Jensen’s interactions with Ms. Huang are not unusual or unexpected. Meetings with customers are part of a CEO’s job; Jensen talks with thousands of customer executives every year.”&nbsp;Nvidia also said it was confident that American authorities would notify the company if they believed a customer posed a threat. “Customers like Megaspeed, he added, “receive ordinary business information, not sensitive Nvidia trade secrets, and zero information relevant to national security.” In a statement, Megaspeed said its current leadership takes the matter extremely seriously and is committed to getting to the facts behind these allegations. The company added that outside counsel has been retained to conduct a thorough internal investigation and has notified the US government that we are fully committed to cooperating.&nbsp;A person familiar with Megaspeed's operations said Alice Huang had become less active in the company following the American investigations. Chinese Embassy spokesman Liu Chang rejected the allegations, saying the United States was pursuing a campaign of groundless smears and slanders against China.&nbsp;Also Read: <a href="https://www.wionews.com/world/all-votes-counted-netanyahu-s-likud-emerges-as-biggest-party-with-27-seats-majority-eludes-both-blocs-1793300462496">All votes counted, Netanyahu’s Likud emerges as biggest party with 27 seats; majority eludes both blocs</a><h2>Megaspeed's role in the AI chip supply chain</h2>The US government has investigated Megaspeed since late 2024, when a Commerce Department official visited a data center operated by the company in Malaysia. The official reportedly found Nvidia equipment still packed in boxes, raising suspicions that the hardware was being shipped through the facility rather than installed for its stated purpose.&nbsp;Singaporean authorities also questioned Alice Huang in 2025 before releasing her. The Commerce Department investigation was transferred to the Justice Department this year, according to administration officials. Megaspeed operates as an intermediary, purchasing Nvidia-powered computing equipment and renting data center capacity to Chinese companies, including Alibaba. It has purchased chips through the American arm of Chinese server maker Inspur. The company's parent has been blacklisted by the United States over concerns about its links to China's military, although the US business remains free of sanctions.&nbsp;American investigators suspect that some chips acquired by Megaspeed may have been diverted illegally into China. However, the full extent of any alleged diversion has not been established publicly. Trade records obtained from ImportGenius suggest that Megaspeed's sister company in Malaysia purchased at least $4.8 billion worth of advanced AI equipment containing Nvidia chips and technology between June 2024 and February 2026. The volume was unusually large for a relatively obscure company.&nbsp;Megaspeed and its affiliates reportedly continued purchasing Nvidia products this year, often through intermediaries. Nvidia still lists Megaspeed as a cloud partner, and the company has continued promoting its relationship with the chipmaker. The business has also pursued new data center projects across Southeast Asia, including a major development in Malaysia's Johor state, near Singapore.<h2>Trump administration's Nvidia policy under scrutiny</h2>The allegations emerge amid an intensifying debate over US restrictions on advanced AI chips. Since 2022, Washington has limited exports of the most advanced Nvidia processors to China to prevent Beijing from acquiring computing power that could strengthen its military and AI capabilities. Some companies have reportedly used data centers in Southeast Asia to provide Chinese customers with access to computing resources without directly exporting restricted chips into China.&nbsp;&nbsp;The Biden administration tightened rules governing this practice, but Trump subsequently rolled back those restrictions. His administration is now weighing whether to impose tighter controls again. Jensen Huang has lobbied the Trump administration to ease restrictions on Nvidia's chip sales to China. Last year, Trump approved sales of an older generation of Nvidia chips in exchange for a share of the revenue. The president later considered allowing exports of more powerful technology before ultimately deciding against the proposal.&nbsp;The relationship between Trump and Nvidia's CEO has also attracted attention. Jensen Huang and his wife visited Mar-a-Lago as the administration debated restrictions on chip sales. Nvidia subsequently donated at least $20 million to Trump's ballroom fund, according to a person familiar with the matter, and pledged to invest $500 billion in US manufacturing. Huang also attended a White House state dinner for Chinese leader Xi Jinping last month, sitting at the head table.<h2>Questions remain over Alice Huang's connections</h2>Alice Huang's rise in the technology sector has attracted scrutiny. She has described herself as Megaspeed's chief executive and previously served as its managing director before being removed from that role in corporate filings. She reportedly worked at several major Chinese banks and later joined Shanghai-based investment fund Hexi Capital, which invested in semiconductor- and AI-related businesses. Technology investors familiar with Megaspeed have said Alice Huang and her associates promoted her connections to Jensen Huang while raising funds and expanding their network of data center investments.&nbsp;Photographs posted on LinkedIn in June 2024 showed the two executives together at a bar in Taipei following a technology trade show. They were also seen leaving a restaurant after a business dinner in May 2025. Megaspeed continues to develop its Malaysian data center, where construction work is underway on a large site in Johor. A Malaysian property developer disclosed in a recent stock filing that it had received the final payment for a 53-acre plot intended for the project.

US intelligence reportedly suspects Megaspeed executive Alice Huang of working for China, raising concerns over Nvidia CEO Jensen Huang and AI chip exports

US intelligence agencies have reportedly concluded that Alice Huang, also known as Huang Le, a Chinese citizen and former senior executive at Singapore-based data center company Megaspeed, was acting as an intelligence asset for Beijing, according to an article published in The New York Times. The allegations have raised concerns in Washington over her relationship with Nvidia CEO Jensen Huang and the potential implications for US national security. According to people briefed on the surveillance, American officials believe Alice Huang was gathering information for China while maintaining a close relationship with Jensen Huang, one of the most influential figures in the artificial intelligence industry. The findings reportedly reached President Donald Trump about a year ago, but he chose not to take action. The account, based on interviews with people familiar with classified intelligence and other government and industry sources, raises questions about whether Beijing could have gained insights into Nvidia, US technology policy and the administration's approach to exporting advanced AI chips. Intelligence findings raise national security concerns US officials had already suspected that Megaspeed was helping Chinese companies gain access to advanced Nvidia chips despite American export restrictions. The reported conclusion that Alice Huang was also collecting intelligence for Beijing added a new dimension to the investigation. Officials reportedly monitored her communications electronically. Surveillance involving an American citizen led to an identification process known as unmasking, which revealed Jensen Huang's identity, according to people familiar with the matter. It remains unclear what information Alice Huang allegedly passed to Chinese authorities, how she started gathering intelligence or whether Jensen Huang knew about her suspected activities. Nvidia's CEO has not received a defensive briefing, a warning sometimes provided to Americans who may be targeted by foreign intelligence services. Officials have not publicly explained why such a briefing was withheld. One possible concern is that alerting Jensen Huang could have compromised the ongoing surveillance. When President Trump was first briefed, officials reportedly did not believe Jensen Huang knew that Alice Huang was allegedly working for Chinese intelligence. Some senior administration officials have since questioned whether he could have remained unaware of her suspected role. The surveillance is reportedly continuing, while companies associated with Megaspeed have continued purchasing Nvidia products. Nvidia defends its relationship with Megaspeed Nvidia has rejected suggestions that its relationship with Megaspeed indicates wrongdoing. The company said Megaspeed was a regional customer and that it had previously investigated and dismissed allegations that the Singapore-based business was smuggling chips into China. John Rizzo, a spokesman for Nvidia, said, “Jensen’s interactions with Ms. Huang are not unusual or unexpected. Meetings with customers are part of a CEO’s job; Jensen talks with thousands of customer executives every year.” Nvidia also said it was confident that American authorities would notify the company if they believed a customer posed a threat. “Customers like Megaspeed, he added, “receive ordinary business information, not sensitive Nvidia trade secrets, and zero information relevant to national security.” In a statement, Megaspeed said its current leadership takes the matter extremely seriously and is committed to getting to the facts behind these allegations. The company added that outside counsel has been retained to conduct a thorough internal investigation and has notified the US government that we are fully committed to cooperating. A person familiar with Megaspeed's operations said Alice Huang had become less active in the company following the American investigations. Chinese Embassy spokesman Liu Chang rejected the allegations, saying the United States was pursuing a campaign of groundless smears and slanders against China. Also Read: All votes counted, Netanyahu’s Likud emerges as biggest party with 27 seats; majority eludes both blocs Megaspeed's role in the AI chip supply chain The US government has investigated Megaspeed since late 2024, when a Commerce Department official visited a data center operated by the company in Malaysia. The official reportedly found Nvidia equipment still packed in boxes, raising suspicions that the hardware was being shipped through the facility rather than installed for its stated purpose. Singaporean authorities also questioned Alice Huang in 2025 before releasing her. The Commerce Department investigation was transferred to the Justice Department this year, according to administration officials. Megaspeed operates as an intermediary, purchasing Nvidia-powered computing equipment and renting data center capacity to Chinese companies, including Alibaba. It has purchased chips through the American arm of Chinese server maker Inspur. The company's parent has been blacklisted by the United States over concerns about its links to China's military, although the US business remains free of sanctions. American investigators suspect that some chips acquired by Megaspeed may have been diverted illegally into China. However, the full extent of any alleged diversion has not been established publicly. Trade records obtained from ImportGenius suggest that Megaspeed's sister company in Malaysia purchased at least $4.8 billion worth of advanced AI equipment containing Nvidia chips and technology between June 2024 and February 2026. The volume was unusually large for a relatively obscure company. Megaspeed and its affiliates reportedly continued purchasing Nvidia products this year, often through intermediaries. Nvidia still lists Megaspeed as a cloud partner, and the company has continued promoting its relationship with the chipmaker. The business has also pursued new data center projects across Southeast Asia, including a major development in Malaysia's Johor state, near Singapore. Trump administration's Nvidia policy under scrutiny The allegations emerge amid an intensifying debate over US restrictions on advanced AI chips. Since 2022, Washington has limited exports of the most advanced Nvidia processors to China to prevent Beijing from acquiring computing power that could strengthen its military and AI capabilities. Some companies have reportedly used data centers in Southeast Asia to provide Chinese customers with access to computing resources without directly exporting restricted chips into China. The Biden administration tightened rules governing this practice, but Trump subsequently rolled back those restrictions. His administration is now weighing whether to impose tighter controls again. Jensen Huang has lobbied the Trump administration to ease restrictions on Nvidia's chip sales to China. Last year, Trump approved sales of an older generation of Nvidia chips in exchange for a share of the revenue. The president later considered allowing exports of more powerful technology before ultimately deciding against the proposal. The relationship between Trump and Nvidia's CEO has also attracted attention. Jensen Huang and his wife visited Mar-a-Lago as the administration debated restrictions on chip sales. Nvidia subsequently donated at least $20 million to Trump's ballroom fund, according to a person familiar with the matter, and pledged to invest $500 billion in US manufacturing. Huang also attended a White House state dinner for Chinese leader Xi Jinping last month, sitting at the head table. Questions remain over Alice Huang's connections Alice Huang's rise in the technology sector has attracted scrutiny. She has described herself as Megaspeed's chief executive and previously served as its managing director before being removed from that role in corporate filings. She reportedly worked at several major Chinese banks and later joined Shanghai-based investment fund Hexi Capital, which invested in semiconductor- and AI-related businesses. Technology investors familiar with Megaspeed have said Alice Huang and her associates promoted her connections to Jensen Huang while raising funds and expanding their network of data center investments. Photographs posted on LinkedIn in June 2024 showed the two executives together at a bar in Taipei following a technology trade show. They were also seen leaving a restaurant after a business dinner in May 2025. Megaspeed continues to develop its Malaysian data center, where construction work is underway on a large site in Johor. A Malaysian property developer disclosed in a recent stock filing that it had received the final payment for a 53-acre plot intended for the project.

US intelligence reportedly links Megaspeed executive Alice Huang to China, raising national security concerns over her ties to Nvidia CEO Jensen Huang

Nvidia dismisses report alleging Chinese executive tied to CEO Jensen Huang passed intel to Beijing

Nvidia founder and CEO Jensen Huang has announced an annual commitment of $50 million in accelerated computing resources to support artificial intelligence safety research in the UK. The resources will help British researchers test AI agents and strengthen safeguards as increasingly powerful systems are developed.Huang said AI capabilities and safety must advance together, highlighting the need to turn research into practical solutions. The announcement comes as concerns grow about AI agents displaying unwanted behaviour and the challenges of keeping advanced systems under control. The commitment will connect research programmes at the University of Oxford, Imperial College London and University College London (UCL).<h2>Why is Nvidia investing in UK AI safety?</h2>AI safety has become a growing concern as developers build systems that can perform tasks with less direct human supervision. Recent disclosures from companies including Anthropic and OpenAI about rogue or undesired AI agent behaviour have added to scrutiny of the technology. Some industry figures have also warned that advanced AI could pose an existential threat to humanity. Nvidia's pledge is intended to give researchers access to computing resources needed to test these systems and develop stronger safeguards. Rather than focusing only on what AI can achieve, the initiative also addresses how reliably and safely it operates.Huang said: “AI capability and safety must advance together.”Oxford, Imperial College and UCL research to benefitThe initiative will connect several areas of British research.- University of Oxford: The BOLD programme is developing approaches to help AI systems learn, adapt and operate alongside people.- Imperial College London: Research includes robotics safety.- University College London: Programmes at UCL will also be connected to the initiative.Access to accelerated computing can help researchers run demanding tests and examine how AI systems behave in different situations. However, the specific allocation of resources to each institution was not detailed in the supplied announcement.<h2>UK government welcomes Nvidia's commitment</h2>British AI minister Kanishka Narayan said the commitment would help ensure future AI is safe, secure and serves people's best interests. The announcement also comes after Microsoft president Brad Smith said in an interview on Monday that the UK was well placed to help lead work on AI safety guidelines.The Nvidia pledge gives British researchers additional computing resources as governments, technology companies and universities work to establish safeguards for increasingly capable AI systems. The longer-term challenge will be to turn that research into reliable testing methods and practical protections that keep pace with the technology.&nbsp;

Nvidia CEO Jensen Huang has pledged $50 million a year in accelerated computing resources to support UK AI safety research. The initiative will connect programmes at Oxford, Imperial College London and UCL as concerns grow over unwanted behaviour by AI agents.

Nvidia founder and CEO Jensen Huang has announced an annual commitment of $50 million in accelerated computing resources to support artificial intelligence safety research in the UK. The resources will help British researchers test AI agents and strengthen safeguards as increasingly powerful systems are developed. Huang said AI capabilities and safety must advance together, highlighting the need to turn research into practical solutions. The announcement comes as concerns grow about AI agents displaying unwanted behaviour and the challenges of keeping advanced systems under control. The commitment will connect research programmes at the University of Oxford, Imperial College London and University College London (UCL). Why is Nvidia investing in UK AI safety? AI safety has become a growing concern as developers build systems that can perform tasks with less direct human supervision. Recent disclosures from companies including Anthropic and OpenAI about rogue or undesired AI agent behaviour have added to scrutiny of the technology. Some industry figures have also warned that advanced AI could pose an existential threat to humanity. Nvidia's pledge is intended to give researchers access to computing resources needed to test these systems and develop stronger safeguards. Rather than focusing only on what AI can achieve, the initiative also addresses how reliably and safely it operates. Huang said: “AI capability and safety must advance together.” Oxford, Imperial College and UCL research to benefit The initiative will connect several areas of British research. - University of Oxford: The BOLD programme is developing approaches to help AI systems learn, adapt and operate alongside people. - Imperial College London: Research includes robotics safety. - University College London: Programmes at UCL will also be connected to the initiative. Access to accelerated computing can help researchers run demanding tests and examine how AI systems behave in different situations. However, the specific allocation of resources to each institution was not detailed in the supplied announcement. UK government welcomes Nvidia's commitment British AI minister Kanishka Narayan said the commitment would help ensure future AI is safe, secure and serves people's best interests. The announcement also comes after Microsoft president Brad Smith said in an interview on Monday that the UK was well placed to help lead work on AI safety guidelines. The Nvidia pledge gives British researchers additional computing resources as governments, technology companies and universities work to establish safeguards for increasingly capable AI systems. The longer-term challenge will be to turn that research into reliable testing methods and practical protections that keep pace with the technology.

Nvidia CEO Jensen Huang has pledged $50 million a year in accelerated computing resources to support UK AI safety research. The initiative will connect programmes at Oxford, Imperial College London and UCL as concerns grow over unwanted behaviour by AI agents.

Nvidia’s Jensen Huang pledges $50 million a year to strengthen UK AI safety research

Nvidia-backed data centre operator Firmus has shelved its planned $5 billion initial public offering (IPO) after investor demand weakened, raising fresh questions about the valuations and financial risks behind the artificial intelligence boom.The Australian company had planned to sell shares at A$11 each, valuing its equity at $30.6 billion. It will now pursue private fundraising and may consider an international stock market listing later, according to its founders and a person involved in the transaction. The withdrawal is a setback for Australia’s stock market and a sign that investors are becoming more selective about companies seeking to profit from the rapid expansion of AI infrastructure.<h2>Why did Firmus pull its $5 billion IPO?</h2>Firmus faced concerns over its valuation, debt and limited track record in building AI data centres. The company was valued at $10.5 billion after a fundraising round in August. Its proposed IPO valuation was nearly three times that figure just weeks later.Analysts associated with the deal put its debt at about $30 billion, giving it an estimated enterprise value of $60 billion. Investors also questioned whether the company could deliver its ambitious expansion plans. The situation worsened after CDC Data Centres chief executive Greg Boorer said the planned development of 1.6 gigawatts of AI factories with Firmus was no longer proceeding, according to people involved in the IPO.<h2>Nvidia-backed AI company turns to private funding</h2>Founded in 2019, Firmus designs and operates modular AI data centres using its own energy and cooling technology. Its investors include Nvidia, Coatue Management, Blackstone and Jane Street. The company currently operates two leased data centres in Melbourne and Singapore and plans to build five more across the Asia-Pacific region.Its draft prospectus projected annual earnings of $5 billion within five years. However, investors were being asked to pay a high price for future growth that still depends on execution. Firmus co-founders Oliver Curtis and Tim Rosenfield said the company would now seek capital from private markets and assess alternative international listing options. Bloomberg has reported that Firmus was exploring raising up to $3 billion from existing investors, although the company declined to comment on its funding plans.<h2>Is this a warning sign for the AI boom?</h2>The failed IPO does not necessarily mean investors are abandoning AI. But it highlights growing scrutiny of the cost of building data centres and the ability of companies to turn massive infrastructure spending into sustainable profits.Fund manager Jun Bei Liu described the episode as a reality check for AI investment, while cautioning against treating it as the end of the sector’s growth.For Firmus, the next challenge is securing fresh capital and proving that its expansion plans can deliver the returns investors expect.

Nvidia-backed Australian data centre operator Firmus has shelved its planned $5 billion IPO after investors questioned its valuation, debt and expansion risks. The company will now seek private funding, in a fresh test of investor confidence in AI infrastructure.

Nvidia-backed data centre operator Firmus has shelved its planned $5 billion initial public offering (IPO) after investor demand weakened, raising fresh questions about the valuations and financial risks behind the artificial intelligence boom. The Australian company had planned to sell shares at A$11 each, valuing its equity at $30.6 billion. It will now pursue private fundraising and may consider an international stock market listing later, according to its founders and a person involved in the transaction. The withdrawal is a setback for Australia’s stock market and a sign that investors are becoming more selective about companies seeking to profit from the rapid expansion of AI infrastructure. Why did Firmus pull its $5 billion IPO? Firmus faced concerns over its valuation, debt and limited track record in building AI data centres. The company was valued at $10.5 billion after a fundraising round in August. Its proposed IPO valuation was nearly three times that figure just weeks later. Analysts associated with the deal put its debt at about $30 billion, giving it an estimated enterprise value of $60 billion. Investors also questioned whether the company could deliver its ambitious expansion plans. The situation worsened after CDC Data Centres chief executive Greg Boorer said the planned development of 1.6 gigawatts of AI factories with Firmus was no longer proceeding, according to people involved in the IPO. Nvidia-backed AI company turns to private funding Founded in 2019, Firmus designs and operates modular AI data centres using its own energy and cooling technology. Its investors include Nvidia, Coatue Management, Blackstone and Jane Street. The company currently operates two leased data centres in Melbourne and Singapore and plans to build five more across the Asia-Pacific region. Its draft prospectus projected annual earnings of $5 billion within five years. However, investors were being asked to pay a high price for future growth that still depends on execution. Firmus co-founders Oliver Curtis and Tim Rosenfield said the company would now seek capital from private markets and assess alternative international listing options. Bloomberg has reported that Firmus was exploring raising up to $3 billion from existing investors, although the company declined to comment on its funding plans. Is this a warning sign for the AI boom? The failed IPO does not necessarily mean investors are abandoning AI. But it highlights growing scrutiny of the cost of building data centres and the ability of companies to turn massive infrastructure spending into sustainable profits. Fund manager Jun Bei Liu described the episode as a reality check for AI investment, while cautioning against treating it as the end of the sector’s growth. For Firmus, the next challenge is securing fresh capital and proving that its expansion plans can deliver the returns investors expect.

Nvidia-backed Australian data centre operator Firmus has shelved its planned $5 billion IPO after investors questioned its valuation, debt and expansion risks. The company will now seek private funding, in a fresh test of investor confidence in AI infrastructure.

AI data centre IPO hits a wall: Why Firmus pulled its $5 billion listing

Microsoft has unveiled its Surface Laptop Ultra, a new 15-inch Windows laptop designed to combine local AI, gaming and professional graphics performance in a relatively thin machine. Developed with NVIDIA, the laptop uses the new RTX Spark N1X platform, pairing an NVIDIA Grace CPU with a Blackwell RTX GPU and up to 128GB of unified memory.&nbsp;The Surface Laptop Ultra starts at $2,599.99, with the higher-end version priced at $3,699.99. Pre-orders begin on October 16, although Microsoft has not yet announced an India price or launch date.&nbsp;<h2>Surface Laptop Ultra gets serious hardware</h2>Microsoft is offering the laptop with either an 18-core or 20-core NVIDIA Grace CPU, paired with a Blackwell GPU featuring up to 6,144 cores. It can be configured with up to 128GB of LPDDR5X unified memory, giving it considerably more memory capacity than a typical thin-and-light laptop. The 15-inch PixelSense Ultra touchscreen has a 3:2 aspect ratio, 3270 x 2180 resolution, 120Hz dynamic refresh rate and 100 per cent DCI-P3 coverage. Microsoft has also included HDMI 2.1b, an SD card reader, USB-C, USB-A and a headphone jack. The laptop weighs around 2kg and is less than 18mm thick.<h2>Built for AI, gaming and creative work</h2>The hardware is designed for workloads such as AI development, 3D work, video editing and gaming. Microsoft says its redesigned cooling system provides up to 2.5 times the thermal capacity of its 15-inch Surface Laptop. Battery estimates are up to 15 hours of local video playback and up to 12 hours of active web use. NVIDIA says RTX Spark can run AI models with up to 120 billion parameters locally, while supporting its CUDA and TensorRT software ecosystem. The combination is particularly notable for gaming. ARM-based Windows laptops and Apple silicon Macs have made major gains in efficiency, but high-end gaming remains a different challenge. RTX graphics give Microsoft's machine a stronger focus on both gaming and professional GPU workloads.<h2>Is this Microsoft's MacBook Pro rival?</h2>The Surface Laptop Ultra clearly enters the same premium territory as Apple's MacBook Pro. Microsoft's machine combines a premium metal design, high-resolution display and large haptic touchpad with NVIDIA graphics hardware designed for demanding workloads. Apple's MacBook Pro starts at Rs 2,39,900 in India, while the 14-inch M5 Pro model starts at Rs 2,49,900, putting the two product lines in a similar premium segment. The bigger difference is what they prioritise. Microsoft's Surface Laptop Ultra is targeting users who want local AI, professional graphics and gaming in one Windows machine. Alongside the laptop, NVIDIA also previewed the DGX Station for Windows, a deskside AI system using the GB300 Grace Blackwell Ultra Desktop Superchip. It offers 748GB of coherent memory and up to 20 petaflops of FP4 AI performance, aimed at enterprise teams running large AI models locally.

Microsoft has unveiled the Surface Laptop Ultra with NVIDIA’s RTX Spark platform, Blackwell graphics and up to 128GB of unified memory. Starting at $2,599.99, the laptop targets AI developers, gamers and creative professionals and takes direct aim at Apple’s MacBook Pro.

Microsoft has unveiled its Surface Laptop Ultra, a new 15-inch Windows laptop designed to combine local AI, gaming and professional graphics performance in a relatively thin machine. Developed with NVIDIA, the laptop uses the new RTX Spark N1X platform, pairing an NVIDIA Grace CPU with a Blackwell RTX GPU and up to 128GB of unified memory. The Surface Laptop Ultra starts at $2,599.99, with the higher-end version priced at $3,699.99. Pre-orders begin on October 16, although Microsoft has not yet announced an India price or launch date. Surface Laptop Ultra gets serious hardware Microsoft is offering the laptop with either an 18-core or 20-core NVIDIA Grace CPU, paired with a Blackwell GPU featuring up to 6,144 cores. It can be configured with up to 128GB of LPDDR5X unified memory, giving it considerably more memory capacity than a typical thin-and-light laptop. The 15-inch PixelSense Ultra touchscreen has a 3:2 aspect ratio, 3270 x 2180 resolution, 120Hz dynamic refresh rate and 100 per cent DCI-P3 coverage. Microsoft has also included HDMI 2.1b, an SD card reader, USB-C, USB-A and a headphone jack. The laptop weighs around 2kg and is less than 18mm thick. Built for AI, gaming and creative work The hardware is designed for workloads such as AI development, 3D work, video editing and gaming. Microsoft says its redesigned cooling system provides up to 2.5 times the thermal capacity of its 15-inch Surface Laptop. Battery estimates are up to 15 hours of local video playback and up to 12 hours of active web use. NVIDIA says RTX Spark can run AI models with up to 120 billion parameters locally, while supporting its CUDA and TensorRT software ecosystem. The combination is particularly notable for gaming. ARM-based Windows laptops and Apple silicon Macs have made major gains in efficiency, but high-end gaming remains a different challenge. RTX graphics give Microsoft's machine a stronger focus on both gaming and professional GPU workloads. Is this Microsoft's MacBook Pro rival? The Surface Laptop Ultra clearly enters the same premium territory as Apple's MacBook Pro. Microsoft's machine combines a premium metal design, high-resolution display and large haptic touchpad with NVIDIA graphics hardware designed for demanding workloads. Apple's MacBook Pro starts at Rs 2,39,900 in India, while the 14-inch M5 Pro model starts at Rs 2,49,900, putting the two product lines in a similar premium segment. The bigger difference is what they prioritise. Microsoft's Surface Laptop Ultra is targeting users who want local AI, professional graphics and gaming in one Windows machine. Alongside the laptop, NVIDIA also previewed the DGX Station for Windows, a deskside AI system using the GB300 Grace Blackwell Ultra Desktop Superchip. It offers 748GB of coherent memory and up to 20 petaflops of FP4 AI performance, aimed at enterprise teams running large AI models locally.

Microsoft has unveiled the Surface Laptop Ultra with NVIDIA’s RTX Spark platform, Blackwell graphics and up to 128GB of unified memory. Starting at $2,599.99, the laptop targets AI developers, gamers and creative professionals and takes direct aim at Apple’s MacBook Pro.

Microsoft unveils Surface Laptop Ultra with NVIDIA RTX power: is this its MacBook Pro rival?

Nvidia has announced a record $150 billion share buyback, taking its total repurchase authorisation to $235 billion as the chipmaker continues to benefit from strong demand for artificial intelligence infrastructure. The latest authorisation represents the largest increase in a US corporate share-buyback program, surpassing Apple's $110 billion buyback authorisation announced in 2024.<h2>Nvidia expands share buyback program</h2>A share buyback is when a company uses its own cash to purchase shares from the market. By reducing the number of shares in circulation, buybacks can increase earnings per share while returning capital to existing shareholders. NVIDIA plans to deploy the newly authorized funds through fiscal 2028. CEO Jensen Huang said the company's strong cash generation will allow it to invest in new technologies while also returning capital to shareholders. The announcement comes as NVIDIA continues to generate substantial cash from its expanding AI business. The company has also been using its financial resources to invest in AI companies and provide financing to some of its major customers.<h2>Nvidia's valuation and AI growth</h2>The buyback comes as NVIDIA's valuation has declined despite strong earnings growth. Its forward price-to-earnings multiple has fallen significantly from earlier levels, while NVIDIA's shares have gained more than 20 per cent this year. The company also forecasts around 70 per cent revenue growth for fiscal 2028, reinforcing its outlook amid questions over how long the current AI investment boom can continue.&nbsp;Also Read: <a href="https://www.wionews.com/world/uss-dwight-d-eisenhower-mishap-4-sailors-injured-2-aviators-eject-during-aircraft-recovery-1790662951742">USS Dwight D. Eisenhower mishap: 4 sailors injured, 2 aviators eject during aircraft recovery</a><h2>Nvidia launches AI security platform</h2>Alongside the buyback announcement, NVIDIA has unveiled an open-source AI security platform designed to prevent autonomous AI agents from carrying out unauthorised actions. The platform, called Open Agent Safety, includes Open Shell, which limits the access and authority of AI agents, and Sentry, a security layer designed to monitor their activities. The launch comes amid growing attention to the security risks associated with autonomous AI systems, particularly as AI agents become capable of interacting with external networks, applications and other digital systems.<h2>AI spending faces growing scrutiny</h2>NVIDIA's latest capital-allocation strategy comes as investors continue to assess the sustainability of heavy spending on AI infrastructure. The company is using its strong cash flows to fund investments, support its customers and return capital to shareholders through buybacks. At the same time, questions remain around the pace and durability of AI demand as technology companies continue committing billions of dollars to data centres, advanced chips and other AI infrastructure.

Nvidia announces a record $150 billion share buyback, taking its total repurchase authorization to $235 billion, while expanding AI investments

Nvidia has announced a record $150 billion share buyback, taking its total repurchase authorisation to $235 billion as the chipmaker continues to benefit from strong demand for artificial intelligence infrastructure. The latest authorisation represents the largest increase in a US corporate share-buyback program, surpassing Apple's $110 billion buyback authorisation announced in 2024. Nvidia expands share buyback program A share buyback is when a company uses its own cash to purchase shares from the market. By reducing the number of shares in circulation, buybacks can increase earnings per share while returning capital to existing shareholders. NVIDIA plans to deploy the newly authorized funds through fiscal 2028. CEO Jensen Huang said the company's strong cash generation will allow it to invest in new technologies while also returning capital to shareholders. The announcement comes as NVIDIA continues to generate substantial cash from its expanding AI business. The company has also been using its financial resources to invest in AI companies and provide financing to some of its major customers. Nvidia's valuation and AI growth The buyback comes as NVIDIA's valuation has declined despite strong earnings growth. Its forward price-to-earnings multiple has fallen significantly from earlier levels, while NVIDIA's shares have gained more than 20 per cent this year. The company also forecasts around 70 per cent revenue growth for fiscal 2028, reinforcing its outlook amid questions over how long the current AI investment boom can continue. Also Read: USS Dwight D. Eisenhower mishap: 4 sailors injured, 2 aviators eject during aircraft recovery Nvidia launches AI security platform Alongside the buyback announcement, NVIDIA has unveiled an open-source AI security platform designed to prevent autonomous AI agents from carrying out unauthorised actions. The platform, called Open Agent Safety, includes Open Shell, which limits the access and authority of AI agents, and Sentry, a security layer designed to monitor their activities. The launch comes amid growing attention to the security risks associated with autonomous AI systems, particularly as AI agents become capable of interacting with external networks, applications and other digital systems. AI spending faces growing scrutiny NVIDIA's latest capital-allocation strategy comes as investors continue to assess the sustainability of heavy spending on AI infrastructure. The company is using its strong cash flows to fund investments, support its customers and return capital to shareholders through buybacks. At the same time, questions remain around the pace and durability of AI demand as technology companies continue committing billions of dollars to data centres, advanced chips and other AI infrastructure.

Nvidia announces a record $150 billion share buyback, taking its total authorisation to $235 billion amid strong AI growth and rising scrutiny

AI giant Nvidia announces $150billion share buyback. Here's what it means for shareholders

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