A meeting at an Nvidia event in California, a photograph at a Taipei party and a dinner six months later have become part of a controversy involving Nvidia CEO Jensen Huang, Chinese businesswoman Alice Huang and allegations of Chinese intelligence activity.
The Wall Street Journal (WSJ) reported that US officials concluded Alice was sharing information with Beijing while working with Nvidia on data centres in Asia. Jensen has acknowledged an affair, but the espionage allegations remain unverified, while China has denied them.
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The controversy has since widened into a national security investigation, with Nvidia’s board examining whether its CEO was targeted by a foreign intelligence operation. US President Donald Trump has also said the FBI is investigating the matter and that Huang told him he had no knowledge of Alice Huang being a spy.
At the centre is also Megaspeed International, a Singapore-based cloud computing company that US authorities have investigated over suspicions of helping Chinese customers access restricted Nvidia AI chips.
Here is how the story unfolded.
2023: Alice Huang moves from finance to Megaspeed Alice Huang, also known as Huang Le, built her career in China’s financial sector before moving into cloud computing and AI infrastructure.
The Wall Street Journal reported that she had earlier worked as a television reporter for Chinese state media before entering finance. Her journalism background, however, has not been independently confirmed. Chinese fund-industry records and an indexed profile on private-fund database Simuwang also list an earlier stint in television journalism. Chinese financial publication Caixin has reported that she was about 42 years old.
Huang held senior positions at Shanghai Hexi Investment Management, a Chinese investment firm. Posts on Hexi’s official WeChat account between 2016 and 2017 identified her as deputy general manager, executive director and a member of its investment decision committee. The posts also said she had previously worked at HSBC’s private bank in Hong Kong and CITIC Securities.
In March 2023, Huang became Megaspeed International’s controlling shareholder, according to Washington-base
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