As The Insider reports, citing FT, American officials prepared a memorandum this year based on intelligence data and shared it with a small circle of senior White House administration officials. According to sources, the document reached them shortly before Donald Trump’s trip to Beijing for a summit with Xi Jinping.
Earlier, Nvidia said that Jensen Huang meets with thousands of executives from client companies every year. The report concerns Alice Huang, a senior executive at the Singaporean company Megaspeed, which purchases Nvidia products.
Megaspeed, which was spun off from a Chinese gaming company in 2023, is suspected by US authorities of smuggling advanced Nvidia chips into China in circumvention of export restrictions. An internal Nvidia review found no violations.
According to FT, US officials responsible for national security are unhappy with Huang because this year he personally urged Trump to allow the sale of H200 AI chips to Chinese clients. Huang has met with Trump repeatedly since the start of his second term.
In May, after learning that the Nvidia chief was not among the business leaders flying with him to China, Trump called Huang, and he boarded the presidential plane during a stop in Alaska. In September, Huang attended the gala dinner Trump hosted in honor of Xi’s visit to the US.
On October 29, The New York Times reported that, according to US intelligence findings, Alice Huang was passing information to Beijing, and the Nvidia chief became the target of a Chinese espionage operation. According to the newspaper, Trump was briefed on this about a year ago, but he took no action. Nvidia described Huang’s contacts with the Megaspeed representative as ordinary business practice, while China’s Foreign Ministry called them “groundless speculation”. Ahead of FT’s publication, Republicans who lead relevant House committees asked Huang to provide closed-door testimony.
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