Memo alleges Megaspeed executive was recruited to spy on Nvidia chief Jensen Huang

The memo, described as based on U.S. intelligence, named Alice Huang, an executive at Singapore-based Megaspeed, as having been recruited by China's Ministry of State Security to spy on the Nvidia chief executive. The New York Times first reported on the document, and the Financial Times later reported that it also alleged a romantic relationship between the two Huangs.

Asked about the claims, an Nvidia spokesperson told the NYT that Jensen Huang's interactions with Alice Huang were "not unusual" and that the company does not share classified information with its customers. The chipmaker's chief executive had previously been identified in reporting as a target of Chinese intelligence.

Separately, another NYT report examined New Matrix, a Chinese company authorized by the U.S. Commerce Department to buy advanced Nvidia chips. Reporters who visited the office address listed for New Matrix found what they described as "a hollow gray shell," raising concerns that the entity could be a front for a blacklisted private equity firm.

The Nvidia spokesperson said the company sells "the first, best and most of our technology in America." Nvidia's chips sit at the center of U.S. export controls on advanced computing hardware, and the questions around authorized buyers have drawn scrutiny to how those parts reach customers in China.

The allegations surfaced as Washington and Beijing continue to spar over access to AI accelerators, with Nvidia's most powerful products restricted for sale in China without licences.