U.S. intelligence officials believe Nvidia CEO Jensen Huang entered a romantic relationship with

U.S. intelligence officials believe Nvidia CEO Jensen Huang entered a romantic relationship with Alice Huang, a Chinese executive at a Singapore-based company that American investigators say was recruited as a spy by Beijing, according to a CIA report drafted last spring and shared with President Donald Trump.

The story, reconstructed by the Financial Times and previously reported by the New York Times, centers on Alice Huang — coincidentally sharing the Nvidia founder’s surname — an entrepreneur who leads Megaspeed, a Singapore company that is a client of the California chipmaker. Megaspeed was spun off in 2023 from a Chinese video game company and quickly moved into the data center business that powers artificial intelligence. U.S. investigators suspect the operation may have followed a classic “honey trap” pattern: a spy exploiting the victim’s infatuation to get into the heart of Jensen Huang, founder of the world’s most advanced AI microprocessor company, which is valued at $4.5 trillion on the stock market.

A Singapore front with ties to Beijing

The link between Megaspeed and Beijing was meant to be evident, the Corriere della Sera reports: the Singapore firm was a spin-off of a Chinese company. Two years ago, Megaspeed came under U.S. scrutiny over accusations that it had introduced advanced Nvidia chips into China from the United States in violation of export rules. Nvidia conducted an internal investigation at the time and concluded there was no evidence of illicit conduct. The CIA report compiled in April, however, offers documents, photos and information that Washington says testify to the espionage.

Intelligence confirms Huang’s social media appearances

Images from 2024 and 2025 of Huang with the woman circulated on social media, and to silence rumors of a special intimate relationship Nvidia stated in a press declaration that the founder “meets every year thousands of executives of client companies.” Yet U.S. intelligence sleuths followed the trail. According to Italian media, Trump initially decided to keep the information confidential because he was preparing to fly to Beijing to meet Xi Jinping. The report may also explain why Huang was at first not invited to last May’s summit between the two presidents — though he was later “recovered” and took part in September’s state dinner in Washington hosted by Trump for Xi.

Congressional scrutiny ahead of earnings

Just two days before these reports emerged, Republican representatives asked Huang to attend a closed-door meeting to provide details about his dealings with the technology manager — evidently Alice Huang — identified as an informant of Chinese intelligence. The meeting is scheduled for November 18, the day after Nvidia announces its third-quarter fiscal results, figures normally watched closely by the market that this time may pass into the background. The chip issue has been at the center of all U.S.-China talks, because Washington fears China could acquire increasingly advanced technologies to win economic leadership in AI and accelerate its military modernization.

The affair lands against a backdrop of raw commercial stakes: in 2023, before sales restrictions to Beijing, the Chinese market was worth about one-fifth of Nvidia’s revenue, and Huang publicly contested the government decision, arguing that half of the world’s best AI developers are based in China and that “we went from 95% of their market to 0.”