Nvidia CEO Faces Espionage Probe Over China Chip Exports

Nvidia CEO Jensen Huang is under investigation over espionage claims linked to an alleged Chinese intelligence operation, a controversy that has erased $1.6 trillion from the company's market value. The allegations center on Alice Huang, a managing director of Megaspeed International, who met Jensen Huang at events in 2024 and 2025. The US Commerce Department launched a probe into Megaspeed in late 2024 over suspected chip exports to China, with the Justice Department later taking over. China has denied the espionage allegations, and Nvidia's board stated there is "no reason to believe that national security was compromised." Jensen Huang admitted to infidelity in November 2026, and the FBI is also investigating the matter.