Alice Huang helped move about 240,000 restricted Nvidia GPUs, mostly H100 and H200 systems, into China and was instrumental in securing roughly $7.5 billion of AI hardware imports, according to an investigation by The Information published this week. The report quantifies for the first time the scale of the network tied to the former Megaspeed executive whom US intelligence suspects of working for China's Ministry of State Security, and whose three-year affair with Nvidia chief executive Jensen Huang he admitted on November 8. The two Huangs are not related.
The reporting traces a web of companies centred on Shanghai Century Litong, a data-center operator founded in June 2023 and controlled through Alice Huang's sister. Four months after its founding, it won Nvidia Preferred Cloud Partner status, giving it priority access to scarce chips just as China-specific A800 and H800 GPUs were banned. Megaspeed, the Singapore-registered firm where she was a top executive, imported an estimated $4.6 billion of Nvidia hardware between 2023 and 2025, with a further $2 billion routed through a subsidiary, Speedmatrix, that operates sites in Johor, Malaysia. The Information reports that Alice Huang leaned on her closeness to Jensen Huang, posting photos with him and telling clients he celebrated her birthday each year, to unblock shipments when they stalled.
The new figures sharpen a case AI Daily has tracked since early November, when US regulators were found to have cleared H200 sales to Chinese firms operating from empty offices. Fortune reports that the Megaspeed affair now converges with a second scandal: the March indictment of Supermicro co-founder Wally Liaw, charged with routing about $2.5 billion in Nvidia-equipped servers to China through a Southeast Asian front company. Short seller Culper Research argued in May that the two cases overlap, noting Megaspeed's website once listed Supermicro as a partner. Nvidia has repeatedly said diversion allegations against Megaspeed were "thoroughly investigated and debunked," and the Chinese embassy denies any link to Alice Huang.
Nvidia's board has opened an independent inquiry, retaining Wachtell, Lipton, Rosen & Katz and former acting US Attorney Joon Kim, while stating it has no reason to believe national security or company secrets were compromised. Supply-chain sources quoted in the Taiwanese press say Nvidia may slow chip orders amid heavier US scrutiny, with reports of China-bound H200s sitting unused in Hong Kong. Those sources suggest rivals building custom ASICs, including Broadcom, Google and AMD, could gain if Nvidia's allocation loosens, though TSMC's long-term capacity commitments limit how quickly that could happen.
The reckoning is now scheduled. Nvidia reports third-quarter earnings on November 17, and three House committee chairs have asked Jensen Huang to attend a closed-door briefing the next day. Senators Elizabeth Warren and Jim Banks called on Monday for answers, and Warren, poised to chair the Senate Banking Committee when Democrats take control in January, is expected to convert a June request into a subpoena. A Justice Department criminal inquiry into Megaspeed and a Singapore police probe both remain open, and no charges have been filed against either Huang.