Report Alleges $7.5 Billion in Nvidia Chips Reached China Through Alice Huang's Network as Huang's House Deadline Arrives

Since Jensen Huang admitted the affair with Megaspeed executive Alice Huang on Sunday and Nvidia's board opened its outside investigation, the story has widened from his personal conduct to where Nvidia's chips ended up. On Nov. 10, The Information reported that Alice Huang used her relationship with the Nvidia CEO to help move at least $7.5 billion worth of Nvidia chips to Chinese companies.

Those are the outlet's allegations, not established findings. No official finding has been publicly issued confirming that Megaspeed violated U.S. export controls.

What The Information alleges

According to The Information, the shipments included roughly 240,000 chips, among them H100, H200 and some A100 models. It reports that Alice Huang enlisted family members to build a corporate web spanning China, Singapore and Malaysia.

The pieces named in that account:

• Shanghai Century Litong: founded in June 2023, it reportedly won Nvidia's "preferred cloud partner" status in October 2023, about four months later. Her younger sister, Huang Yu, was reportedly a founding shareholder.
• Megaspeed: the Singapore company, reportedly the hub for moving chips from Southeast Asia to China. The New York Times reported that Alice Huang bought the Singapore arm of gaming firm 7Road in 2023 and renamed it Megaspeed.
• SpeedMatrix: Megaspeed's Malaysian subsidiary, which reportedly landed Alibaba as a major client.
• Kang Wei: a man believed to be Alice Huang's husband, also reportedly involved.

The report says Century Litong ran data centers using restricted chips and supplied computing power to Alibaba, Tencent and smaller Chinese AI labs. It also says she met Huang over three years in Silicon Valley, Taiwan and Shanghai. At a June 2024 event in Taiwan, she reportedly told attendees she could bring him to the venue, and he showed up soon after.

The report says unusually large orders eventually drew the attention of the Commerce Department.

The official track

U.S. authorities are examining whether Nvidia improperly supplied advanced chips to Southeast Asian distributors or cloud providers that may have passed them on to Chinese firms. The Commerce and Justice Departments are leading those inquiries. Megaspeed denies any wrongdoing.

President Trump said Monday that the FBI is looking into Huang's relationship with Alice Huang. The New York Times first reported that U.S. intelligence believed she worked for China's Ministry of State Security. China has called that allegation a smear.

Megaspeed bought more than $4.8 billion worth of Nvidia chips over the past two years, according to the Chosun Ilbo's account of the board probe's scope. Joon Kim, a former acting U.S. attorney for the Southern District of New York now at Wachtell, Lipton, Rosen & Katz, is leading that probe. It will compare order prices, allocation priority, end users, shipping routes and export-license paperwork. It will also check whether Huang reported the relationship to Nvidia's legal department, as the company's code of conduct requires for conflicts of interest.

Gil Soffer, chair at the law firm Katten, told Reuters that if Huang "fully and accurately reported the relationship in advance, that would weigh in his favor." If he concealed it and was involved in misconduct, Soffer said, "termination could be appropriate."

The defense

Nvidia's board said Sunday it has "no reason to believe that either national security or Nvidia secrets were compromised," and that its members maintain confidence in Huang. Trump called Huang "an honorable guy," and said Huang told him he "had no idea that she was a spy." Huang's own memo to employees addressed only the affair: "I was unfaithful to my wife. My actions hurt her and our children."

The chip allegations also collide with Huang's long-standing line that there is no evidence Nvidia chips are being diverted to China. He said in October 2025, "We are 100% out of China."

Fortune reports that a separate case, involving about $2.5 billion in servers with Nvidia chips, is also under scrutiny. It involves Super Micro, a company led by a longtime friend of Huang's. No evidence so far links the two cases.

Washington's clock

Huang has until Nov. 11 to respond to a letter from House Foreign Affairs Chair Brian Mast, Select Committee on China Chair John Moolenaar and Intelligence Committee Chair Rick Crawford. The letter asks him to attend a closed-door briefing on his relationship with Alice Huang. Mast told ABC News he is prepared to issue a subpoena.

Sens. Elizabeth Warren, a Massachusetts Democrat, and Jim Banks, an Indiana Republican, called Monday for Nvidia to answer questions. Warren is poised to chair the Senate Banking Committee in January after Democrats regained the Senate in last week's midterms.

A separate New York Times investigation found the Commerce Department approved about two dozen Chinese companies to buy or handle H200 chips under the arrangement Trump announced in December 2025. That arrangement allows sales if the U.S. collects 25% of their value. Liza Tobin, a former White House National Security Council China director, told the Times: "I have a ton of concerns that neither the Commerce Department nor Nvidia is doing the due diligence needed to ensure that the licensing terms are being followed."

Whether Huang meets the Nov. 11 deadline, and whether Mast follows through on the subpoena, is the next concrete test.