Memo claims Megaspeed exec was recruited to spy on Nvidia's Jensen Huang

Key facts

• Megaspeed, a Singapore-based company, employed Alice Huang, the executive the memo names.
• The New York Times first reported the memo, which it said was reportedly based on U.S. intelligence.
• Nvidia said Jensen Huang's interactions with Alice Huang were not unusual.
• Nvidia said it does not share classified information with its customers.

A memo circulated earlier in 2026 claimed that Alice Huang, a technology executive at Singapore-based Megaspeed, was recruited by China's Ministry of State Security to spy on Nvidia CEO Jensen Huang, according to multiple media reports.

The New York Times, which had previously reported that Nvidia's chief executive had been the target of Chinese intelligence, was first to report on the memo, which was reportedly based on U.S. intelligence. The Financial Times subsequently reported that the memo also claimed Jensen Huang had a romantic relationship with Alice Huang.

An Nvidia spokesperson told the New York Times that Jensen Huang's interactions with Alice Huang were not unusual and that the company does not share classified information with its customers. The spokesperson also said Nvidia sells the bulk of its technology in the United States.

A separate New York Times report examined New Matrix, a Chinese company authorized by the U.S. Commerce Department to buy advanced Nvidia chips. At the office address New Matrix listed, reporters found an empty space, the report said, raising questions about whether it could be a front for a blacklisted private equity firm.