Jensen Huang's alleged Chinese intelligence targeting

Nvidia's board of directors launched an independent investigation, overseen by independent directors and outside counsel, into whether CEO Jensen Huang was the target of a foreign intelligence operation. Huang admitted in a draft staff memo that he was unfaithful to his wife, and US officials believe the woman involved was Alice Huang, a former executive at Megaspeed, a Singapore-based data center company. A classified memo drafted under Secretary of State Marco Rubio alleged that China's Ministry of State Security recruited Alice Huang to target an unnamed person. Nvidia stated it has no current reason to believe national security or company trade secrets were compromised, though the investigation is intended to test that claim. Huang retains his CEO role during the probe. Separately, Megaspeed has been under US scrutiny for alleged chip smuggling: US inspectors found still-boxed Nvidia chips at its Malaysian data center in late 2024, and Alice Huang led Megaspeed through more than $4.8 billion in Nvidia chip purchases since June 2024, with the company renting Southeast Asian data center capacity to Alibaba.