Megaspeed founder Alice Huang, the suspected Chinese intelligence asset who had an extramarital affair with Nvidia CEO Jensen Huang, has returned to China and is living in Beijing with the knowledge of Chinese security officials, Bloomberg reported, citing a person familiar with the matter. Beijing has denied she was a spy, while the Washington Post reported that the White House is not intervening in the Nvidia board’s deliberations over whether to remove its chief executive, with no final decision announced by early Thursday.
Alice Huang’s network of companies in China and Singapore, including Shanghai Century Litong and Megaspeed, facilitated at least $7.5 billion in shipments of about 240,000 Nvidia AI chips to Chinese buyers since 2023, the Information reported. Short seller Culper Research said in May that Megaspeed was financed by Alibaba through a Singapore shell company to rent Southeast Asian data center capacity, while trade records analyzed by Bloomberg showed Nvidia’s inventory figures to the US government undercounted chips sold to Megaspeed via hardware partners by 50,000 units.