Chinese network tied to former Nvidia executive smuggled billions in restricted artificial intelligence chips

A network of Chinese corporate entities connected to Singaporean executive Alice Huang moved approximately 240,000 banned Nvidia artificial intelligence chips valued at about $7.5 billion into China. Investigations from Bloomberg and The Wall Street Journal reveal that Megaspeed imported $4.6 billion in Nvidia AI hardware from 2023 to 2025, while its Malaysian subsidiary Speedmatrix routed another $2 billion. U.S. officials believe Chinese intelligence recruited Alice Huang to target former Nvidia chief executive Jensen Huang, who stepped down after admitting to an affair with her. [1][2]

Regulatory filings uncovered by Bloomberg show that 22 Dell servers carrying restricted Nvidia H800 processors and 52 Super Micro Computer units with H100 or H200 accelerators were installed at an AI center called the Yangtze River Delta Project. Dell terminated ties with Singapore-based buyer Aperia Cloud Services in February 2025 over the transactions. The facility's president is Shanghai fund manager Kang Wei, Alice Huang's husband, who originally introduced her to Jensen Huang and reportedly joked about her closeness to the tech leader. [1][2]

The revelations illustrate how Chinese entities bypassed strict American export curbs designed to prevent advanced semiconductor technology from reaching the country. Jensen Huang is scheduled to testify before Congress in November 2026, where lawmakers are expected to question him directly regarding security lapses and the illicit flow of processors. [1]