US AG Todd Blanche says the DOJ has not yet reached a conclusion on whether Alice Huang was a Chinese spy and "of course" the FBI is investigating (Reuters)

Alice Huang, a Chinese businesswoman linked to Nvidia CEO Jensen Huang, transitioned from a finance career to becoming a prominent figure in the artificial-intelligence chip industry. Huang held senior roles at Shanghai investment firm, Hexi Investment Management, and later became the controlling shareholder of Singapore-based cloud-computing company Megaspeed International.

The New York Times reported in October 2025 that US authorities had concluded Huang was a Chinese intelligence asset who shared information with Beijing while building a relationship with Nvidia CEO Jensen Huang. However, Reuters could not independently verify this allegation, which China denied. Huang's whereabouts were unknown, and Nvidia's board launched an independent investigation into claims that its CEO was targeted by a foreign intelligence operation.

Huang's background included banking and investment management, as well as television journalism, as documented in Chinese financial records and private-fund database Simuwang. She held senior positions at Hexi Investment Management, including deputy general manager and executive director, before joining Megaspeed in March 2023. Megaspeed provides cloud-computing services and describes itself as an Nvidia business partner in the Asia-Pacific region.

Huang's ties to Nvidia CEO Jensen Huang have sparked scrutiny from US authorities and lawmakers, with questions raised about whether he was aware of any alleged intelligence activity and whether sensitive information was compromised.