Nvidia CEO Jensen Huang Case LIVE Updates | Nvidia CEO’s ties with ‘spy’ Alice Huang facilitated chips worth $7.5 billion to China: Report
Alice Huang, her husband and sister reportedly built a network of companies across China and Singapore to acquire Nvidia chips, with Shanghai Century Litong securing preferred cloud partner status with the chipmaker
· The Indian Express · JoinNvidia CEO Jensen Huang’s affair with a Chinese businesswoman, Alice Huang, alleged to be a spy for Beijing, facilitated the shipment of at least $7.5 billion worth of the company’s chips to Chinese firms, The Information reported on Tuesday.
Alice Huang, along with her husband and sister, built a network of companies across China and Singapore to acquire Nvidia chips, according to the report.
Story continues below this ad
Meanwhile, US President Donald Trump’s close ties with Nvidia boss Jensen Huang faced renewed scrutiny on Monday after the company’s CEO admitted to having an affair with an alleged Chinese spy, Alice Huang. Pushing for a probe to determine whether our national security was compromised, Senator Chris Coons, a Delaware Democrat, said, “We need answers about the relationship between Artificial Intelligence (AI) billionaires and the Trump administration, who’s making these decisions, and who’s really got their hand on the wheel.”
Trump has so far defended Jensen, saying, “I did speak to him … He said he had absolutely no idea that the person in question was a spy”, but also confirmed that the FBI is already probing the case. Last month, The New York Times reported that Jensen had a relationship with Alice, an unrelated former executive of Singapore-based company Megaspeed, who the US authorities investigated and concluded to be a Chinese intelligence asset, passing information to Beijing. Huang, in an email to Nvidia employees, Sunday said that he had been unfaithful to his wife and took “full responsibility” for his actions.
Following this, Nvidia said it has launched an investigation into whether its CEO was the target of a foreign intelligence effort. In pre-market trading on Monday, Nvidia’s shares tumbled sharply, and when the markets opened, the shares were down by nearly 8 per cent to $171.80, BBC reported. Notably, shares of Nvidia had hit a lifetime high in October.
Live Updates
Nov 10, 2026 10:40 PM IST
Microsoft tops Nvidia's market cap for first time since June 2025
Microsoft overtook Nvidia as the world's second-most valuable company on Tuesday, as the chip giant's shares fell on uncertainty over the outlook for AI and an investigation into whether Nvidia CEO Jensen Huang was the target of a foreign intelligence effort.
Shares of Microsoft were down 0.4% at $543.25, while Nvidia lost more than 6% and was last at around $167.11. (Reuters)
Nov 10, 2026 10:20 PM IST
A kiss, a video, and a spy probe: Nvidia CEO Jensen Huang’s ‘affair’ with Alice Huang
Jensen Huang has seen it all in the past three decades — he helped turn Nvidia from a struggling graphics-chip maker into the world’s most valuable company. Now, the billionaire CEO is facing scrutiny over a deeply personal controversy with potential national security implications.
Huang has admitted being unfaithful to his wife, Lori Huang, after reports linked him to Chinese businesswoman Alice Huang, whom US intelligence agencies reportedly suspect of spying for Beijing.
Nvidia’s board has launched an independent investigation into whether its CEO was targeted by a foreign intelligence operation.
Reports, citing US intelligence agencies, have stated that Jensen and Alice were in a “close relationship”. China-born Alice Huang, also known as Huang Le, has a background in finance and journalism.
According to a Chinese fund database, Alice previously worked at HSBC Bank and as a reporter for Chinese media outlets CCTV and Hunan TV. She had also been a top executive at a Singapore-based data centre company called Megaspeed International.
Nov 10, 2026 09:45 PM IST
Nvidia shares tumble nearly 5% amid Chinese spy scandal row with CEO Jensen Huang
The shares of semiconductor firm Nvidia continued to tumble on Tuesday as the stock dragged nearly 5 per cent on the S&P 500.
The company has been dealing with a suspected Chinese spy scandal after CEO Jensen Huang admitted to having been “unfaithful” to his wife, Lori Huang, and the company’s board announced an internal investigation following reports that Jensen was the “target of a foreign intelligence effort.”
Nov 10, 2026 09:30 PM IST
Was Alice Huang a Chinese spy? US alleges Nvidia CEO was targeted to influence AI chip sales
The most serious allegation is that Alice Huang was recruited by China's Ministry of State Security (MSS), the country's principal civilian intelligence agency, to gather information about Nvidia's CEO and potentially influence his position on selling advanced AI chips to Chinese companies.
The New York Times cited people familiar with US intelligence surveillance who said authorities had concluded that Alice was passing information to Beijing.
According to the newspaper's November 6 report, the alleged operation had a specific strategic objective: obtain information about Jensen Huang and potentially influence his views on selling advanced AI processors to Chinese businesses.
The Financial Times also reported that a US intelligence assessment described the relationship between the two as romantic.
The allegations have not been substantiated publicly. Reuters said it could not independently verify the intelligence claims, while Beijing has rejected them.
Chinese Foreign Ministry spokesperson Guo Jiakun described the accusations on November 9 as unsubstantiated and a smear campaign against China.
Nov 10, 2026 08:38 PM IST
Who is Alice Huang? From television journalism to China's financial world
Very little about Alice Huang's personal life has been established so far. She is a Chinese citizen and is also known by her Chinese name, Huang Le. Despite sharing a surname, she is not related to Jensen Huang, who was born in Taiwan and moved to the US as a child.
According to a profile on Chinese financial database Simuwang, Alice spent four years in television journalism before moving into finance. The profile lists stints at Chinese state broadcasters CCTV and Hunan TV, followed by positions at HSBC and CITIC Securities.
Reuters, in a November 10 investigation based on more than 30 public financial records, corporate filings and company materials, established a more detailed picture of her business career.
Several posts on the official account of Shanghai Hexi Investment Management identified her as a deputy general manager, executive director and member of its investment decision committee between 2016 and 2017. The posts also said she had worked at HSBC's private bank in Hong Kong and CITIC Securities.
Her career subsequently took her into the cloud computing business, where she became associated with Megaspeed International, a company that would eventually attract US scrutiny over its Nvidia chip purchases.
Nov 10, 2026 08:17 PM IST
Where is Alice Huang? 5 explosive allegations against woman at the centre of Nvidia spy row
There is a woman at the centre of one of the most extraordinary controversies in the global artificial intelligence industry, but nobody seems to know where she is. Alice Huang, also known as Huang Le, has become the focus of an international investigation involving Nvidia CEO Jensen Huang, US intelligence agencies and alleged attempts by Chinese entities to obtain advanced American AI chips.
Her name came into the spotlight after reports linked her to Jensen Huang, 63, the billionaire co-founder of Nvidia. The CEO subsequently admitted to being unfaithful to his wife, Lori Huang, without naming the woman involved. Nvidia’s board has launched an independent investigation into whether he was targeted by a foreign intelligence operation.
But the allegations surrounding Alice go considerably beyond her alleged relationship with one of the world’s most powerful technology executives.
Investigations and media reports have raised questions about her past in Chinese television and finance, her role in Singapore-based cloud computing company Megaspeed International, her business connections in China and the movement of Nvidia’s advanced processors through a network of companies.
On Tuesday, news agency Reuters reported that it could not establish Alice Huang’s current whereabouts or reach her for comment. The Wall Street Journal reported that two people who had been in contact with her earlier this year said she was in China at the time. Her present location remains unknown.
Nov 10, 2026 08:02 PM IST
Jensen Huang’s children increasingly take on responsibilities at Nvidia
Jensen Huang has been personally managing a large number of tasks in the firm and has increasingly passed on responsibilities to the next generation of his family, the Wall Street Journal reported.
In the apology note, Huang wrote, “To my colleagues at Nvidia. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust. Leading Nvidia is the privilege of my life. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. ”
Nov 10, 2026 07:33 PM IST
What we know about Megaspeed, Singapore-based customer of Nvidia where 'spy' Alice Hung worked
Singapore-based cloud computing firm Megaspeed faces renewed scrutiny as the United States looks into Nvidia CEO Jensen Huang's affair with Chinese businesswoman Alice Huang, alleged to be a spy for Beijing.
Megaspeed, an Nvidia customer, was incorporated in 2015 as 7Road International before changing its name to Megaspeed International in March 2023, its business filings showed.
It is wholly owned by Singapore-registered Swiftdata, incorporated in October 2023, which says providing hosting services by non-data centers is its principal activity.
Two Singapore citizens are listed as officers of both companies. Tan Yong Peng was appointed a director of Swiftdata on October 31, 2023, before becoming a director of Megaspeed less than two weeks later.
Nov 10, 2026 06:45 PM IST
What does the shareholder complaint against Nvidia say?
The complaint, filed by retail investor Mark Kistenmacher, seeks unspecified damages and a jury trial. It seeks to represent in a class-action lawsuit anyone who bought shares of Nvidia from October 9, when news of the affair was first reported by the New York Times, until November 8, when the company said it was investigating reports that Huang was the “target of a foreign intelligence effort."
“As a result of Defendants' wrongful acts and omissions, and the precipitous decline in the market value of the Company's securities, Plaintiff and other Class members have suffered significant losses and damages,” the complaint said.
Had investors known the truth, they wouldn’t have purchased Nvidia’s shares “at the artificially inflated prices that they did, or at all,” the complaint said. (AP)
Nov 10, 2026 05:55 PM IST
Nvidia and Jensen Huang face shareholder lawsuit alleging investors were misled about spy affair
A shareholder has sued Nvidia and its CEO, Jensen Huang, accusing them of deceiving investors in their responses to media reports about Huang's affair with a purported Chinese spy that threatens national security.
The complaint comes after President Donald Trump said the FBI is investigating the affair, which Huang has acknowledged and apologized for. Trump said Monday that Huang told him he had no idea the person could be involved in espionage.
The affair, which is also being scrutinized by Nvidia's board, has raised concerns that Beijing is using nefarious means to gain access to Nvidia's cutting-edge microchips, which power the development of artificial intelligence but face export restrictions to China.
The complaint filed Monday in a California court says the company misled investors about Huang's relationship with Alice Huang, who news reports said is suspected of working for Chinese intelligence, and the national security implications. (AP)
Nov 10, 2026 05:46 PM IST
How 'spy' Alice Huang allegedly moved 240,000 restricted Nvidia chips into China
When Nvidia chips became a subject of US export restrictions and its orders stalled, a Chinese citizen and former executive of Singapore's data-based company Megaspeed, Alice Huang, used her ties to Nvidia and its distributors to secure supplies and helped move nearly 240,000 H100, H200, and some A100 chips into China, The Information reported.
Alice Huang was reportedly identified by US intelligence as a Chinese 'spy'. Earlier, Nvidia CEO Jensen Huang admitted to having been "unfaithful" with his wife, Lori Mills, as reports claimed he had a "close relationship" with Alice.
Nov 10, 2026 05:20 PM IST
Which Chinese company secured Nvidia's partner status and is now under scrutiny?
After Nvidia CEO Jensen Huang admitted to being "unfaithful" to his wife, Lori Mills, as reports linked him with a former Singapore data centre firm executive, Alice Huang, reports now reveal that at the centre of the controversy was a China-based firm, Shanghai Century Litong, founded in June 2023, as it secured preferred cloud partner status with Nvidia by October, The Information reported.
The preferred cloud partner status gave Shanghai Century Litong priority access to Nvidia's chips, the report stated.
Nov 10, 2026 04:57 PM IST
Nvidia CEO's ties with Alice Huang facilitated chips worth $7.5 billion to China: Report
Nvidia CEO Jensen Huang's affair with a Chinese businesswoman, Alice Huang, alleged to be a spy for Beijing, facilitated the shipment of at least $7.5 billion worth of the company's chips to Chinese firms, The Information reported on Tuesday.
Alice Huang, along with her husband and sister, built a network of companies across China and Singapore to acquire Nvidia chips, according to the report.
Nov 10, 2026 04:14 PM IST
Rubio warned Trump about China spy link to Nvidia CEO Jensen Huang. What happened next?
After Nvidia CEO Jensen Huang admitted to having been “unfaithful” to his wife, Lori Huang, and the company’s board announced an internal investigation following reports that Jensen was the “target of a foreign intelligence effort,” a new report has claimed that US Secretary of State Marco Rubio had earlier warned the President Donald Trump-led administration that the semiconductor firm’s chief was having an affair with a Chinese spy.
A report by The New York Times claimed that Rubio had overseen the drafting of a highly classified memo and raised the issue with top officials in the Trump administration that Jensen Huang was in a close relationship with a Chinese spy. It added that the memo was based on intelligence inputs received by the US agencies after surveillance of Chinese citizen Alice Huang, who earlier worked as a senior executive at a Singapore-based data centre company.
The Singapore firm was in business with Nvidia by purchasing advanced artificial intelligence chips, and the US intel agencies had been probing the company for illegally smuggling the chips to China.
The NYT report added that US officials concluded during the inquiry that Alice Huang was recruited by China’s top intelligence agency to spy.
Nov 10, 2026 02:53 PM IST
Jensen Huang loses $7.4 billion in 30 minutes, falls two spots in Forbes’ riches list
Nvidia CEO Jensen Huang has lost $7.4 billion in 30 minutes of trading on Monday amid the ongoing controversy over an affair with an alleged Chinese government agent.
Huang, whose net worth is around $154 billion, fell from eighth to tenth in Forbes’ billionaire ranking, behind Berkshire Hathaway's Warren Buffett and Oracle’s Larry Ellison.
Nvidia shares were also down by 4.3% on Monday after the company’s board launched an investigation into reports that Huang had been a spying target after a romantic relationship with an executive suspected of working for Chinese intelligence.
US President Donald Trump has said that the FBI is investigating Huang’s affair with the alleged Chinese agent. He said, however, that he doesn’t think the executive who helped develop artificial intelligence has reason to worry.
Nov 10, 2026 12:49 PM IST
Trump’s close ties to Jensen Huang under scrutiny after foreign intelligence concerns
US President Donald Trump's close ties with Nvidia boss Jensen Huang faced renewed scrutiny on Monday after the company's CEO admitted to having an affair with an alleged Chinese spy, Alice Huang. Pushing for a probe to determine whether our national security was compromised, Senator Chris Coons, a Delaware Democrat, said, "We need answers about the relationship between AI billionaires and the Trump administration, who's making these decisions, and who's really got their hand on the wheel."
Nov 10, 2026 12:33 PM IST
What we know about Megaspeed, where Alice Huang used to work
Megaspeed, an Nvidia customer, started its journey in 2015 as 7Road International before changing its name to Megaspeed International in March 2023, according to its business filings.
It is owned by Singapore-registered Swiftdata, incorporated in October 2023.
Two Singapore citizens are listed as officers of the two companies.
Tan Yong Peng was appointed a director of Swiftdata on October 31, 2023 and went on to become a director of Megaspeed less than two weeks later.
The same month, Huang Le ended her eight-month tenure as Megaspeed's managing director. Huang Le is Alice Huang's Chinese name.
Nov 10, 2026 12:26 PM IST
Who is Alice Huang? The Chinese ‘spy’ at centre of Nvidia scandal
Chinese businesswoman Alice Huang has come under scrutiny following allegations of links to Beijing’s intelligence agency and her close relationship with Nvidia CEO Jensen Huang.
Also known as Huang Le, she is a former senior executive at Singapore-based technology company Megaspeed. According to a New York Times report last month, the US spy agencies uncovered that Alice, who is a Chinese citizen, had developed a romantic relationship with the Nvidia boss and was allegedly feeding information directly to Beijing. Read more
Nov 10, 2026 12:22 PM IST
Jensen Huang loses $7.4 billion in 30 minutes, falls two spots in Forbes’ riches list
Nvidia CEO Jensen Huang has lost $7.4 billion in 30 minutes of trading on Monday amid the ongoing controversy over affair with an alleged Chinese government agent.
Huang, whose net worth is around $154 billion, fell from eighth to tenth spot in the Forbes’ billionaire ranking behind Berkshire Hathaway Warren Buffett and Oracle’s Larry Ellison.
Nvidia shares were also down by 4.3% on Monday after the company’s board launched an investigation into reports that Huang had been a spying target after a romantic relationship with an executive suspected of working for Chinese intelligence.
Nov 10, 2026 09:23 AM IST
Elon Musk, Shaun Maguire too back Jensen Huang
Defending Jensen Huang, venture capital Sequoia Capital founder Shaun Maguire called the Nvidia CEO “one of the greatest entrepreneurs of this generation”.
In a post on X, Maguire wrote, “Huang did something dumb. It was bad for America, but my guess is there was no bad intention. Two mistakes don’t make a right, and I believe Jensen is irreplaceable for America’s AI leadership.”
Tesla and SpaceX CEO Elon Musk responded to Maguire’s X post and wrote, “I agree.”
https://platform.x.com/widgets.js
Nov 10, 2026 09:20 AM IST
Trump says FBI probing Nvidia CEO Jensen Huang’s affair with Chinese agent
US President Donald Trump has said that the Federal Bureau of Investigation (FBI) is probing the Nvidia CEO Jensen Huang over his affair with an alleged Chinese spy.
Trump on Monday said he spoke to Jensen after reports that the US suspected the latter had been targeted in a Chinese espionage effort. “I asked him that question, ‘Did you have any idea she was a spy?’ He said ‘I had no idea she was a spy’ and I really believe him,” BBC quoted Trump as saying.
He added that he doesn’t think Jensen has a reason to worry. “I know the FBI is looking into it in terms of something else, and I think that he’ll be in good shape,” Trump said at a White House press briefing.
Nov 10, 2026 09:19 AM IST
'He had no idea she was an agent': Trump defends Nvidia CEO Jensen Huang in spy scandal
A day after Nvidia CEO Jensen Huang admitted to having an affair with an alleged Chinese spy, Trump defended that the executive had no idea that Alice Huang — the Chinese woman whom he had an affair with — was a spy. Stating that the FBI is already probing the case, “I did speak to him today … He said he had absolutely no idea that the person in question was a spy,” news agency AP quoted him as saying.
Stay updated with the latest - Click here to follow us on Instagram
Latest Comment
Post Comment
Read Comments