The allegations intersect with U.S. export controls on advanced Nvidia chips, which Washington restricts from sale to Chinese entities. Megaspeed, whose executive Alice Huang is a Chinese citizen and unrelated to Jensen Huang, reportedly bought $4.8 billion in Nvidia chips over two years. U.S. and Singaporean authorities have investigated whether the company helped move chips to China.
November 9–10, 2026: Jensen Huang withdrew from planned appearances at the ElevenLabs Summit and Anthropic CEO Forum. Reports also described a network of companies in China and Singapore built by Alice Huang and her family to obtain Nvidia chips. The Information reported that Shanghai Century Litong, a Chinese company founded in 2023 and made a preferred Nvidia cloud partner, facilitated purchases worth $7.5 billion, including banned chips. Bloomberg reported that Nvidia’s top lawyer, Tim Teter, contacted Commerce Under Secretary Jeffrey Kessler during a 2025 probe, asking whether the Trump administration had played a role in Alice Huang’s detention. The Financial Times reported that Alice Huang and a business partner sought investors in early 2025 for an Asian data center, saying they could secure GPUs.
November 8, 2026: President Donald Trump called Huang “a fine person” and said he thought Huang should remain Nvidia’s CEO. In a letter to employees, Huang apologized for being unfaithful to his wife, saying his actions had hurt her and their children. He did not name Alice Huang, but referred to national security concerns raised in news reports. Huang said the board had begun an independent investigation and that he would cooperate. Nvidia shares fell more than 5% the following day.

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