Background
Megaspeed had drawn public scrutiny months before Jensen Huang acknowledged the relationship. In a May 13 thread on X, Culper Research said it believed Nvidia had "a significant China problem," alleging that advanced Nvidia chips were reaching China through Southeast Asian intermediaries and pointing to Megaspeed as part of that network. Culper disclosed that it held a short position in Nvidia, meaning it stood to profit if the stock fell.
The New York Times reported over the weekend that the Commerce Department approved roughly two dozen Chinese firms to buy or handle H200 chips, including some with ties to blacklisted companies or Chinese military suppliers. The department said it reviews all applications for national security risks.
China's Foreign Ministry dismissed the espionage allegation on Monday. Trump said Monday that he did not know about the relationship at the time of the trip, and the White House disputed the New York Times's account that Secretary of State Marco Rubio briefed President Donald Trump aboard Air Force One in May.
Republican lawmakers have asked Huang to appear for a closed-door briefing on Nov. 18 about his interactions with Alice Huang and Nvidia's safeguards against foreign espionage.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.