Alice Huang, Chinese businesswoman tied to Nvidia CEO, went from finance to chips
NVDA•Alice Huang moved from senior roles at a Shanghai investment firm to controlling Singapore-based cloud-computing company Megaspeed, which has drawn U.S. scrutiny over purchases of export-controlled Nvidia chips. Nvidia’s board is investigating reports that its CEO was targeted by a foreign intelligence operation.
1. From finance to Megaspeed
Huang, also known as Huang Le, held senior positions at Shanghai Hexi Investment Management before becoming Megaspeed International’s controlling shareholder in March 2023, corporate records reviewed by Reuters and research group C4ADS indicate. Megaspeed, incorporated in Singapore in 2015, provides cloud-computing services and identifies itself as an Nvidia business partner in Asia-Pacific.
2. Chip shipments under scrutiny
Megaspeed has drawn scrutiny from U.S. authorities over suspicions that it helped Chinese companies obtain advanced Nvidia chips subject to export restrictions, but there has been no public finding that it violated the rules. Shipping records show its Indonesian subsidiary imported Nvidia hardware, including H100 processors and related components, between 2024 and 2026; the shipments to Indonesia do not themselves establish a violation.
3. Investigation and allegations
The New York Times reported that U.S. authorities had concluded Huang was a Chinese intelligence asset who passed information to Beijing while developing a close relationship with Nvidia CEO Jensen Huang; the two are not related. Reuters could not independently verify the allegation, which China has denied. Nvidia’s board has launched an independent investigation into reports its CEO was targeted, and said it had no reason to believe national-security information or company trade secrets were compromised.
