U.S. intelligence agencies concluded that Alice Huang, an executive at Singapore-based Megaspeed, was acting as a Chinese intelligence asset while maintaining close contact with Nvidia CEO Jensen Huang. U.S. officials investigated Megaspeed over concerns that its Malaysian affiliate purchased $4.8 billion in Nvidia gear to bypass export controls for Chinese clients. President Donald Trump was briefed in 2025 but took no action, avoiding disruption to Nvidia's chip sales and trade relations.
U.S. intelligence findings on Alice Huang
- ▪U.S. intelligence agencies discovered Megaspeed executive Alice Huang's communications with Nvidia CEO Jensen Huang through surveillance and a legal process known as unmasking.
- ▪U.S. intelligence agencies concluded that Singapore-based Megaspeed executive Alice Huang, also known as Huang Le, was a Chinese intelligence asset passing commercial information to Beijing.
Jensen Huang's interactions with Alice Huang
- ▪Nvidia stated that regional cloud customers like Megaspeed receive ordinary commercial information rather than sensitive trade secrets or national security data.
- ▪Nvidia stated that CEO Jensen Huang's interactions with Megaspeed executive Alice Huang were routine business meetings conducted with thousands of customer executives annually.
- ▪Nvidia CEO Jensen Huang met with Megaspeed executive Alice Huang multiple times, including social gatherings and business dinners in Taipei in June 2024 and May 2025.
U.S. official response to Alice Huang intelligence
- ▪U.S. President Donald Trump was briefed on intelligence regarding Megaspeed executive Alice Huang around late 2025 but chose not to act, reportedly to protect chip sales and trade relations.
- ▪U.S. intelligence agencies did not give Nvidia CEO Jensen Huang a defensive briefing regarding Megaspeed executive Alice Huang's alleged spying activities.
- ▪Senior Trump administration officials expressed doubt that Nvidia CEO Jensen Huang could have remained entirely unaware of Megaspeed executive Alice Huang's intelligence activities.
Investigations into Megaspeed
- ▪The U.S. Commerce Department opened an inquiry into Megaspeed in late 2024 after an official found Nvidia chips sitting in boxes at a Malaysian data center.
- ▪Megaspeed announced that outside counsel was retained for an internal investigation into the allegations and that the company is fully cooperating with the U.S. government.
- ▪Megaspeed's Malaysian affiliate purchased at least $4.8 billion in Nvidia-powered AI equipment between June 2024 and February 2026, renting computing capacity to Chinese clients including Alibaba.
- ▪U.S. agencies investigated Singapore-based Megaspeed over allegations of helping Chinese entities bypass U.S. export restrictions to acquire advanced Nvidia AI chips.
U.S. policy and lobbying on Nvidia exports
- ▪Nvidia CEO Jensen Huang aggressively lobbied U.S. officials against domestic AI regulations and sought to curb U.S. sanctions on selling advanced AI chips to China.
- ▪The Trump administration eased restrictions on Nvidia AI chip exports to China, permitting transfers of H200 chips on a case-by-case basis subject to a 25% U.S. government fee.
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