According to The New York Times, US intelligence agencies have concluded that Chinese businesswoman Alice Huang, a senior executive at Singapore-based Megaspeed, maintained close ties with Nvidia CEO Jensen Huang and may have gathered information on behalf of China. The US President was briefed on the situation, but according to the publication, he chose not to take any action. The NYT specifies that the investigation relies on sources within law enforcement and intelligence structures, and the story touches upon one of the most sensitive areas of American technology policy: export controls on advanced artificial intelligence chips.

How the Investigation Came to Light

Megaspeed drew the attention of US regulators over suspicions of facilitating the shipment of advanced Nvidia AI chips to China in bypass of US export restrictions. According to the NYT, the investigation began in late 2024 when a US Department of Commerce official visited the company's data center in Malaysia and discovered Nvidia equipment there. This raised suspicions that the hardware might not be used for its intended purpose and could be intended for resale or shipment to third countries. The case was later referred to the US Department of Justice, indicating that the investigation had moved to a higher level.

Links to Nvidia Leadership

Furthermore, the publication reports, US intelligence agencies established that Alice Huang maintained close contacts with the head of Nvidia. This sparked concerns that the Chinese side could obtain insights into the operations of a key player in the US artificial intelligence industry, as well as information potentially related to Donald Trump's administration stance on exporting advanced chips. At the same time, according to the NYT, Jensen Huang himself did not receive a special warning from US authorities regarding a potential threat from foreign intelligence services.

Why Trump Chose Not to Act

Sources attribute the president's decision not to react to the gathered intelligence to concerns over the consequences for Nvidia's business and trade relations with China. The company plays a significant role in developing American artificial intelligence infrastructure, and its performance has a noticeable impact on the stock market. According to several administration officials, some of them now doubt whether Jensen Huang could have been unaware of Alice Huang's alleged intelligence activities. At the same time, the publication emphasizes that there are no public proofs of his awareness.

Nvidia and Megaspeed Position

Nvidia stated that Jensen Huang's interaction with Alice Huang was a standard part of a company executive's work, who regularly meets with customer representatives. Nvidia spokesperson John Rizzo emphasized that Megaspeed received only standard business information containing no trade secrets or matters of national security significance. The company added that it had previously investigated chip-smuggling accusations and found no grounds to consider them substantiated. Megaspeed itself stated that it takes the allegations seriously, hired outside legal counsel for an internal investigation, and expressed readiness to cooperate with US authorities.

Scale of Procurement Amid Investigation

Meanwhile, according to trade reports, firms associated with Megaspeed continued to purchase Nvidia products. From June 2024 to February 2026, Megaspeed's Malaysian subsidiary acquired equipment featuring Nvidia technology worth at least $4.8 billion. This fact underscores that commercial flows between the entities did not cease throughout the entire investigation period, intensifying regulators' interest in how the supply was executed and who the ultimate recipient of the hardware was.