Nvidia’s investigation into a reported foreign intelligence operation targeting chief executive Jensen Huang has renewed scrutiny of Alice Huang, a Chinese businesswoman with past ownership and management ties to Megaspeed International.
Nvidia’s board said it had no reason to believe anyone had compromised national security information or company secrets. Independent directors, with help from outside counsel, will oversee the review.
Alice Huang, also known as Huang Le, previously held senior positions at a Shanghai investment management firm. A Reuters review of more than 30 financial records, corporate filings and company materials traced her move into Singapore-based cloud computing.
Megaspeed appears in Nvidia’s official cloud-partner directory.
However, the company has faced US scrutiny over suspicions that it helped Chinese customers obtain advanced Nvidia processors subject to export restrictions. No public finding establishes that Megaspeed violated those rules.
Separately, The New York Times reported in October that US authorities had assessed Alice Huang as a Chinese intelligence asset who passed information to Beijing while developing a close relationship with Nvidia’s chief executive.
China denies that allegation. Foreign Ministry spokesperson Guo Jiakun reiterated on Tuesday that it was “purely unsubstantiated”.
Alice Huang and Jensen Huang are not related.
Before joining Megaspeed, Alice Huang worked at Shanghai Hexi Investment Management. Posts on the firm’s official WeChat account in 2016 and 2017 identified her as deputy general manager, executive director and an investment committee member.
Washington-based research group C4ADS said corporate records showed she became Megaspeed’s controlling shareholder in March 2023. She served as director and managing director of its Indonesian subsidiary from March to November that year.
Megaspeed’s shares later moved to Singapore-based SwiftData, which holds all 10 million ordinary shares, according to C4ADS. The research group could not establish SwiftData’s ultimate controller.
C4ADS assessed that Alice Huang might have retained influence after the transfer, citing subsequent appearances identifying her as chair. That assessment does not establish her current ownership.
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Shipping records show Megaspeed’s Indonesian subsidiary imported Nvidia hardware between 2024 and 2026, including H100 processors and related components. Those shipments do not, by themselves, establish an export-control violation.
In a November 8 statement, Jensen Huang acknowledged infidelity without naming Alice Huang. He pledged to cooperate fully with the board’s investigation.
US President Donald Trump said on Monday that the Federal Bureau of Investigation was examining the matter, but provided no details. Nvidia maintains that its Asian cloud customers receive ordinary business information, not trade secrets or national security material.
