Nvidia CEO's affair with alleged spy aided $7.5 billion in China chip shipments

Nvidia CEO Jensen Huang's affair with a Chinese businesswoman alleged to be a spy for Beijing facilitated shipments of at least US$7.5 billion worth of the company's chips to Chinese firms, The Information reported 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, with Shanghai Century Litong, founded in June 2023, securing preferred cloud partner status by October and gaining priority access, helping move about 240,000 H100, H200 and some A100 chips into China. Nvidia shares closed down more than 4% on Monday after its board launched an internal investigation into whether the 63-year-old CEO was targeted by a foreign intelligence operation, with the FBI also looking into the matter, and Huang told employees he had been unfaithful to his wife.