Key points
- What US officials suspected about Megaspeed's Alice Huang
- Nvidia's answer on Jensen Huang's customer ties
- Megaspeed's history with US and Singapore investigators
US intelligence agencies suspected that Alice Huang, a senior executive at Nvidia (NVDA) customer Megaspeed, was gathering information for Beijing and had developed a close relationship with Nvidia chief executive Jensen Huang, The New York Times reported on Thursday.
Nvidia answered the two issues separately. On Jensen Huang's ties to the executive, a spokesperson said his interactions with her were "not unusual or unexpected." On earlier allegations that Megaspeed diverted Nvidia chips to China, the spokesperson said they were "thoroughly investigated and debunked last year." That second statement covers the chip-diversion claims, not the intelligence findings about Alice Huang.
The Times reported that President Donald Trump was briefed on the findings roughly a year ago and chose not to act. Nvidia shares closed down 0.8% at $213.66 on Thursday, October 29.
US officials watched a Megaspeed executive
Alice Huang, also known as Huang Le, is a senior executive at Megaspeed, a Singapore-based AI cloud company. Intelligence agencies also worried about Jensen Huang's access to Trump, according to the report.
Officials initially didn't believe Jensen Huang knew about Alice Huang's suspected intelligence gathering for China, the report said. It's unclear whether that assessment has changed. The report said Jensen Huang had not received a formal warning from US intelligence.
The report said Trump was wary of disrupting chip sales that support the economy and the stock market, or of further complicating trade relations with Beijing.
Nvidia calls Megaspeed an ordinary customer
Megaspeed is one of Nvidia's regional cloud customers, and Jensen Huang speaks with thousands of customers every year, the spokesperson said in a statement.
Regional cloud customers receive "ordinary business information" and "zero information relevant to national security," Nvidia said. The company also suggested it had not been told about Alice Huang. "We're confident that if the U.S. government believes that any person is a threat to American industry, it would let us know," the spokesperson said.
Megaspeed faced two investigations in 2025
In October 2025, the Commerce Department was investigating whether Megaspeed helped Chinese companies get around US export controls on Nvidia chips. Singapore police were investigating too. "The Singapore Police Force confirms that investigations are ongoing into Megaspeed for suspected breaches of our domestic laws," the police said at the time.
The outcome of the Commerce Department and Singapore police investigations is unclear, including whether either is still open. Nvidia's statement didn't say who carried out the investigation it called debunked.
Megaspeed spun off from a Chinese gaming company in 2023 and had bought nearly $2 billion of Nvidia's most advanced products through a Malaysian subsidiary by October 2025. Nvidia said then that it had visited Megaspeed's sites. "Megaspeed is running a small commercial cloud, like many other companies throughout the world, as allowed by U.S. export control rules," the company said.
Megaspeed's Malaysian affiliate bought at least $4.8 billion of AI equipment containing Nvidia chips from June 2024 to February 2026, according to trade records cited in Thursday's report.
Beijing has blocked Nvidia's H200
Jensen Huang has appeared with Trump at state dinners, AI summits, and on international trips while pushing for permission to ship certain Nvidia chips to China. CNBC has described him as one of Trump's most influential allies in the AI-safety debate. The US cleared Nvidia's H200 chip for sale to China earlier this year, but Chinese regulators blocked imports.
Nvidia said the Chinese government isn't looking for its products through regional clouds like Megaspeed. "Instead, the PRC government blocked U.S. AI chips, protecting its own industry and resulting in the largest write-offs in U.S. tech history," the spokesperson said. Nvidia wrote off about $4.5 billion of China-specific AI chips last year.
