US intelligence was monitoring a Chinese businesswoman assessed as feeding information to Beijing. The American on the other end of her communications was Nvidia CEO Jensen Huang.

Her name is Alice Huang (Huang Le). She is not related to him. She was a senior executive at Megaspeed, a Singapore company spun out in 2023 from Chinese gaming firm 7Road. She had previously worked at a Shanghai fund that invested in data centers with Chinese government-linked capital. She used photos with Jensen Huang to raise money.

In June 2024, after Computex in Taipei, she was photographed drinking whiskey next to him. She appeared again months later in the background while he spoke to reporters.

Shortly afterward, Megaspeed’s Malaysian affiliate began large purchases. Trade records cited by the New York Times show it bought at least $4.8 billion in Nvidia-powered AI equipment between June 2024 and February 2026.

The main supplier was Aivres Systems, the California unit of Inspur. Inspur’s parent was added to the US entity list in March 2023 over military supercomputing. The list restricted the named company rather than automatically covering subsidiaries. The California unit rebranded and kept operating as a US company, supplying servers that went to Southeast Asia.

Some equipment stayed in Malaysian data centers and the computing power was rented to Chinese customers such as Alibaba.

In late 2024 a Commerce official inspected a Megaspeed site in Malaysia and found Nvidia hardware still in its original crates.

Singapore questioned Alice Huang in 2025 and released her. This year the Commerce probe was transferred to the Justice Department. Megaspeed says it hired outside counsel and will cooperate. She stepped back from day-to-day operations after the scrutiny.

While monitoring her for chip diversion, US agencies concluded she was also passing information to Beijing. Because they cannot surveil US persons without a court order, the American’s identity was masked. Unmasking later identified him as Jensen Huang.

Nvidia says meetings with customers are routine, Jensen Huang speaks with thousands of executives a year, regional customers receive ordinary business information (not trade secrets or national-security data), and earlier diversion claims against Megaspeed were investigated and debunked. It says it is confident the US government would notify it of any real threat.

No defensive briefing was given to Jensen Huang. A common reason agencies withhold them is to avoid tipping off the target. Surveillance of Alice Huang was still active when the story published, and linked companies continued buying Nvidia chips this year.

Jensen Huang has lobbied heavily in Washington, including at Mar-a-Lago, with large US investment commitments and donations tied to White House events. He has sat at the head table during high-level US-China meetings. Some senior officials have questioned whether he could have remained entirely unaware of her role, though the initial White House briefing concluded he did not know.

The New York Times report relies on anonymous sources briefed on classified intelligence. China calls the claims baseless smears. The story appeared in the final week before midterms while surveillance was still running. Publishing the unmasking details notified both Jensen Huang and Beijing that the line had been identified.

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