# Chinese spy scandal hits Nvidia CEO as US-China tensions rise > Jensen Huang acknowledged an affair with a woman US intelligence suspects of working for Beijing, triggering a diplomatic row and wiping billions from Nvidia's market value. - Title: Chinese spy scandal hits Nvidia CEO as US-China tensions rise - Summary: Jensen Huang acknowledged an affair with a woman US intelligence suspects of working for Beijing, triggering a diplomatic row and wiping billions from… - Keywords: jensen huang, nvidia, china espionage, alice huang, us-china relations, artificial intelligence, semiconductor chips, wall street, trump administration, national security, LA NACION - Source: LA NACION — https://lanacion.com.ar/estados-unidos/el-escandalo-del-presunto-espionaje-chino-que-salpica-al-ceo-de-nvidia-abre-otro-frente-entre-nid09112026 - Author: LA NACION - Published: 2026-11-09T20:34:15.967+00:00 - Read time: 2 min - Topics: jensen huang, nvidia, china espionage, alice huang, us-china relations, artificial intelligence, semiconductor chips, wall street, trump administration, national security, news, politics ## Espionage claim rocks AI chip leader Nvidia CEO Jensen Huang acknowledged an extramarital affair with a Chinese businesswoman suspected by US intelligence of working for Beijing. The revelation opened a new front in US-China technology tensions. ## Who is Alice Huang Alice Huang, also known as Huang Le, was identified by US intelligence as transmitting information to Beijing. She was an executive at Megaspeed, a Singapore-based data centre company and Nvidia client. ## Megaspeed's massive chip purchases Megaspeed acquired more than four billion eight hundred million dollars in Nvidia chips over two years. The company faced scrutiny for suspected facilitation of Chinese access to US-restricted processors. ## China denies spy allegations China's Foreign Ministry spokesman Guo Jiakun rejected the accusations outright. He called the alleged Chinese spy story an unfounded accusation, calumny and defamation. > The supposition of a Chinese spy is an unfounded accusation, a calumny and a defamation. ## Nvidia launches independent investigation Nvidia opened an independent investigation on Sunday to determine whether Huang, sixty-three, had been targeted by a foreign intelligence operation. The company said no evidence of leaks or national security damage emerged. ## Trump knew but did not intervene According to The New York Times, President Trump was informed approximately one year ago of suspicions about the relationship. He chose not to intervene and later defended Huang as honourable. > I think he is an honourable man. I hope everything is fine. He has done an incredible job. ## Huang's close ties to Trump Huang travelled with Trump to China aboard Air Force One in May and attended a state dinner in Washington in September honouring Xi Jinping. ## Huang apologises and pledges cooperation Huang told employees on Sunday he had been unfaithful to his wife and apologised to his family and the company. He promised to cooperate with the investigation and affirmed commitment to US national security. > There is no excuse for what I did. I deeply regret it. ## Stock market plunge wipes billions Nvidia shares fell around eight percent on Monday, then recovered to a five percent loss. ## Vulnerability exposed in leadership structure Huang founded Nvidia in nineteen ninety-three and retains approximately three point six percent of capital. Dozens of executives report directly to him, creating dependence on a single person that analysts say poses enormous risk. > The risk of depending on one key person is enormous. ## Investigation could reshape tech policy The case will determine whether strategic information was exposed and may have consequences for Huang's leadership, board decisions and Washington's political debate over Chinese access to US semiconductor technology. ## Key takeaway Nvidia CEO Jensen Huang admitted an extramarital affair with a woman suspected by US intelligence of spying for China, sparking a diplomatic crisis and a five percent stock drop that erased two hundred fifty billion dollars in market value.