Nvidia CEO's Affair Partner Funneled 240,000 AI Chips to China
Nvidia CEO Jensen Huang has admitted to an affair with Alice Huang, who allegedly funneled approximately 240,000 Nvidia AI chips to China, potentially violating US export controls. The scandal has cost the company around $190 billion in market value. Alice Huang met Jensen Huang at a 2023 Taipei trade show and later became a key Nvidia partner through her company Megaspeed, which was spun off from Chinese gaming firm 7Road Holdings. Trade data shows Megaspeed imported goods worth over 1,000 times its 2023 cash reserves, with chips like H100, H200, and A100 reaching Chinese firms including Alibaba. The affair coincided with Jensen Huang's lobbying of President Trump to ease chip embargoes. New reports suggest Nvidia's top B300 chips may have reached China via Moonshot AI. A shareholder lawsuit has been filed in San José, with Nvidia reporting quarterly earnings on November 17.