- A memo based on U.S. intelligence claims China’s Ministry of State Security recruited Megaspeed executive Alice Huang to spy on Nvidia CEO Jensen Huang.
- The New York Times first reported the memo; the Financial Times followed with a report that it also alleges a romantic relationship between the two.
- Nvidia told the Times its CEO’s interactions with Alice Huang were “not unusual” and that the company shares no classified information with customers.
- A related Times investigation found the office address of Commerce Department-approved Nvidia buyer New Matrix was “a hollow gray shell,” raising front-company concerns.
What Happened
A memo circulated earlier this year and based on U.S. intelligence alleges that China’s Ministry of State Security recruited Alice Huang, an executive at Singapore-based Megaspeed, to spy on Nvidia CEO Jensen Huang, according to TechCrunch’s November 7, 2026 report on the matter.
Why It Matters
The New York Times had previously reported that Jensen Huang was a target of Chinese intelligence efforts tied to the fight over advanced chip access. The claim surfaces as Washington keeps tightening export rules on Nvidia’s most capable accelerators to Chinese buyers.
Technical Details
The Financial Times reported the memo further alleges a romantic relationship between Jensen Huang and Alice Huang. A separate Times investigation into New Matrix, a company the U.S. Commerce Department authorized to buy advanced Nvidia chips, found only “a hollow gray shell” at its listed office address, fueling concern it could be a front for a blacklisted private equity firm.
Who’s Affected
Nvidia, already under scrutiny over how its chips reach Chinese buyers, now faces questions about its CEO’s personal contacts. An Nvidia spokesperson said interactions between Jensen Huang and Alice Huang were “not unusual” and that Nvidia shares no classified information with customers, while adding the company sells “the first, best and most of our technology in America.”
What’s Next
Neither Nvidia nor Megaspeed has disputed the existence of the memo itself, only its characterizations. Scrutiny of intermediary buyers like New Matrix is likely to continue as regulators probe how approved chip sales are actually routed.
