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U.S. alleges Chinese spy targeted Nvidia CEO Jensen Huang

By Drooid · Oct 29, 2026 · How we work

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Summary

U.S. intelligence agencies allege Chinese spy Alice Huang targeted Nvidia CEO Jensen Huang.
Officials suspect Huang smuggled Nvidia chips to China and acted as a Chinese intelligence asset.
President Donald Trump was briefed about the case a year ago but reportedly took no action.
Nvidia spokesperson John Rizzo said meetings with Huang were routine and did not involve trade secrets.
Megaspeed hired outside counsel and pledged cooperation with U.S. authorities.

Summary

U.S. investigators uncovered Megaspeed’s Malaysian affiliate bought $4.8 billion of Nvidia AI gear from June 2024 to February 2026.
Nvidia recorded a $4.5 billion write-off on chips allegedly diverted to Chinese AI projects.
Nvidia pledged $500 billion for U.S. manufacturing while lobbying looser AI-chip export rules.
Nvidia gave at least $20 million to President Donald Trump’s White House ballroom fund at a high-donor dinner.
U.S. intelligence ‘unmasked’ Jensen Huang, identifying him from intercepted foreign-surveillance data.

History

After the U.S. Department of Commerce placed Huawei and its 70 subsidiaries on the Entity List on 15 May 2019, American firms were barred from supplying its 5G gear, prompting tighter export-control policies. Those rules paved the way for the 2022 BIS restrictions on advanced chips and now underpin investigators’ claim that Megaspeed’s Malaysian affiliate bought $4.8 billion of Nvidia AI chips for Chinese projects.

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After the U.S. Department of Commerce placed Huawei and its 70 subsidiaries on the Entity List on 15 May 2019, American firms were barred from supplying its 5G gear, prompting tighter export-control policies. Those rules paved the way for the 2022 BIS restrictions on advanced chips and now underpin investigators’ claim that Megaspeed’s Malaysian affiliate bought $4.8 billion of Nvidia AI chips for Chinese projects.

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