Jensen Huang’s ties with Alice facilitated $7.5 bn Nvidia Chips to China

Nvidia CEO Jensen Huang's affair with a Chinese businesswoman alleged to be a spy for Beijing facilitated the shipment of at least $7.5 billion ​worth of the company's chips to Chinese firms, The Information reported on Tuesday, citing ‌two people who know her. Alice Huang, along with her husband and sister, built a network of companies across China and Singapore to acquire Nvidia chips, according to the report, opens new tab. Alice Huang and Jensen Huang are not related. A report alleges that Nvidia and CEO Jensen Huang misled investors about his relationship with Alice Huang, who media reports have alleged was working for Chinese intelligence, and the potential national security implications.
The lawsuit accuses the company and its CEO of failing to disclose the alleged affair and making false statements about Nvidia's business relationship with Alice Huang's company. It claims the alleged omissions posed a "material risk" to Nvidia's reputation and business prospects.
Filed by retail investor Mark Kistenmacher, the complaint seeks unspecified damages and a jury trial. It aims to represent shareholders who purchased Nvidia stock between October 9, when The New York Times first reported the alleged affair, and November 8, when the company said it was investigating reports that Huang had been the "target of a foreign intelligence effort". 
At the center of ​the network was Shanghai Century Litong, a China-based company founded in June 2023 that secured ​preferred cloud partner status with Nvidia by October, giving it priority access to the ⁠company's chips, The Information reported. Century Litong was initially linked to Alice Huang's sister, Huang Yu, through ​a founding shareholder that was ultimately controlled by Huang Yu before exiting the company in 2024, according ​to the report
When orders for Nvidia chips subject to US export restrictions stalled, Alice Huang used ties to Nvidia and its distributors to secure supplies, helping move about 240,000 H100, H200 and some A100 chips into China, the ​report said.
Alice Huang ‌also ⁠held an executive position at Singapore-registered Megaspeed, which was linked to Century Litong and has been investigated by US authorities over Nvidia chip shipments from Southeast Asia to China, the report said.
Megaspeed obtained Nvidia chips by renting computing capacity from Southeast Asian data centers to Chinese customers or by physically shipping hardware ​into China. Hardware acquired ​by Speedmatrix, a Malaysian ⁠subsidiary established by Megaspeed in 2024, later reached Century Litong, according to The Information.