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Nvidia has rejected a New York Times report that US intelligence agencies kept watch on a woman close to CEO Jensen Huang over concerns she might be working for Chinese intelligence, Coinpedia reported. The company said Megaspeed, the Singapore cloud provider at the centre of the account, is one of its many regional customers.
The report, which cited people briefed on the surveillance, named the woman as Alice Huang and said she had developed a close relationship with the Nvidia chief. Officials were reportedly worried because Huang has regular access to President Trump. Coinpedia reported on October 29, 2026.
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Key facts
- The New York Times reported that US intelligence agencies monitored Alice Huang, who is linked to Megaspeed, over concerns she could be working for Chinese intelligence.
- An Nvidia spokesperson said Megaspeed is one of many regional cloud customers and that Huang meets thousands of clients each year.
- Nvidia said customers never receive trade secrets and that export-diversion claims had been investigated and found baseless last year.
- Crypto Briefing reported that Jensen Huang told Bloomberg the company had studied Megaspeed’s deployments of its GPUs and counted every one.
- Fox Business reported that President Trump was briefed on the situation about a year ago and took no action.
What each outlet reported
Crypto Briefing reported that Huang gave Bloomberg News an account of the relationship with Megaspeed, describing his dealings with the firm’s officials as proper. He described his interactions with the former executive as ordinary, similar to his usual dealings with Chinese customers and executives, and noted that she no longer works at Megaspeed.
Crypto Briefing also reported details the other accounts did not carry. It said the former executive is Alice Huang, who has reported links to Chinese state media and investment firms, and that she had been photographed with Jensen Huang. It said Megaspeed was founded in 2023 as a spinoff of 7Road, a Chinese gaming firm, and that its Malaysian sister company spent at least $4.8 billion on AI equipment containing Nvidia chips between June 2024 and February 2026. US authorities have reportedly been looking into Megaspeed since late 2024.
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Fox Business reported that US officials concluded the former executive, also identified as Huang Le, gained access to the Nvidia CEO while she was under surveillance by officials tasked with preventing China from evading export controls. Fox Business said the discovery alarmed officials because of the information she could glean from the head of the world’s largest chipmaker, who had also built a relationship with Trump through discussions of AI technology and export controls.
According to Fox Business, Trump was briefed about a year ago but took no action, because officials at the time did not believe Huang knew she was gathering intelligence for China. Fox Business also reported that Huang was never warned by US officials, that some senior administration officials now doubt he could have stayed unaware, and that it is unclear whether intelligence officials have revised that assessment. The White House did not immediately respond to Fox News Digital’s request for comment, the outlet said. The Chinese government rejected the allegations as groundless smears and slanders.
The Times report also said Megaspeed had been suspected of helping firms get around US export limits on Nvidia chips, according to Coinpedia. Fox Business noted that in January the Trump administration eased restrictions on Nvidia AI chip exports to China, with the Commerce Department allowing transfers of the H200 chip case by case; Trump said the sales would be permitted in exchange for a 25% fee paid to the US government.
Why it matters
The dispute puts a spotlight on how Nvidia vets and tracks the companies that buy its AI hardware, at a time when Washington is still policing chip flows to China. For Nvidia, the immediate exposure described in the reports is reputational rather than financial: no penalty or charge against the company has been reported, and Huang is on record saying the relationship was clean.
Crypto Briefing noted that the probe could create uncertainty around Nvidia’s contracts and partnerships in the region, and that Huang has staked a public position on the precision of Nvidia’s tracking, which investigators may test. The allegations reported by the Times are not findings, and no charges have been described in the source material.
What to watch
The key question is whether US investigators accept Nvidia’s account that it counted every GPU Megaspeed deployed and found no illegal diversion. Fox Business reported that it is unclear whether intelligence officials have revised their assessment of what Huang knew, so any public statement from the White House or intelligence agencies would be the next concrete signal.
Sources: Coinpedia, Crypto Briefing, Fox Business
