Report warned Nvidia sold chips to China via indirect channels

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A report published six months ago warned that Nvidia was indirectly selling chips to China, questioning whether CEO Jensen Huang knew his lover's company had Chinese funding and diverted AI chips to Chinese firms. Huang has since resigned from all positions amid the scandal. The May 13 report by Culper Research detailed how Megaspeed, a Singapore company founded by Huang's alleged spy lover Alice Huang, purchased Nvidia chips with secret financing from Chinese firm Alibaba through intermediary structures. Megaspeed's balance sheet grew from $33 million to approximately $3 billion between late 2023 and late 2024. Nvidia's board has replaced Huang with CFO Colette Kress, despite President Trump's preference for Apple CEO Tim Cook. The report noted an ex-Nvidia executive estimated China still represented 20-40% of Nvidia's data center business, and questions remain about whether Trump's administration knew of the alleged diversions.


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