Nvidia CEO's alleged spy relationship may have enabled $7.5B in China chip sales

Nvidia CEO Jensen Huang's alleged relationship with a suspected Chinese intelligence agent, Alice Huang, may have enabled $7.5 billion in chip shipments to Chinese companies, bypassing US export restrictions. Alice Huang, a former executive at Singapore-based Megaspeed, reportedly facilitated sales of Nvidia's top-tier H100 processors to China between 2024 and 2026, with the figure now revised upward from earlier estimates of $4.8 billion. US intelligence believes China's Ministry of State Security directed her to gather information on Jensen Huang and lobby for relaxed export rules. The alleged efforts yielded partial success: Jensen Huang confirmed talks with the Trump administration in August 2025 to sell the Blackwell chip, and while that failed, H200 models were approved in January, with the US retaining 15% of all sales.