Alleged Chinese spy at heart of Nvidia scandal is in Beijing

Résumé détaillé

The suspected Chinese spy at the center of a scandal that threatens to take down Nvidia Corp.

The suspected Chinese spy at the center of a scandal that threatens to take down Nvidia Corp. Chief Executive Officer Jensen Huang has returned to her home country, people familiar with the matter said.

Megaspeed International founder Alice Huang is currently living in Beijing with the knowledge of security officials, one of the people said, asking to remain anonymous to discuss a sensitive situation. It wasn’t immediately clear when or why she traveled to the capital, nor what she may be engaged in, the people said.

Alice Huang’s whereabouts have been the topic of intense speculation since Nvidia’s founder admitted to an extra-marital affair and the company’s board began an investigation into allegations she’s a Chinese spy. Known also as Huang Le, the former journalist who became a power broker renting advanced chips to the nation’s top firms was the catalyst for a controversy that roiled markets and may now result in Jensen Huang’s ouster. Beijing has denied that the woman was a spy. China’s Foreign Ministry didn’t immediately respond to a request for comment.

Also read | Nvidia shares sink 9% amid reports of possible CEO Jensen Huang ouster

Alice Huang first came into the CEO’s orbit after founding Megaspeed, the largest buyer of Nvidia’s chips in Southeast Asia — a major route for smuggling the firm’s advanced hardware into China. She oversaw the incredible ascent of a fledgling neocloud, which rose to become one of Nvidia’s most important partners in the regional data center boom. Attempts to reach her were unsuccessful on Thursday.

Online posts and publicly available information have provided the broad contours of Megaspeed’s rise, and the critical role she played in that.

She founded Megaspeed in 2023 following a career in private equity and television. The company was spun off from one of China’s largest video game enterprises, 7Road Holdings Ltd., just months after former US President Joe Biden imposed sweeping restrictions on shipments of advanced AI chips to…

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