Jensen Huang’s affair with alleged Chinese spy puts Nvidia’s China ambitions under scrutiny

The Financial Times reported that Nvidia CEO Jensen Huang had an affair with Alice Huang, a former executive at Nvidia customer Megaspeed whom U.S. intelligence officials believe was recruited by Chinese intelligence to gather information about him and influence efforts to loosen chip export restrictions; Huang admitted the affair and apologized in a memo to the company on Sunday. Nvidia's independent directors are investigating with outside legal counsel, and Congress is demanding answers, as the controversy comes amid Huang's lobbying that helped reverse restrictions on Nvidia's H20 chips and allow exports of H200 processors. Nvidia recorded $7.9 billion in revenue from customers headquartered in China in the three months ended July 26, roughly 8% of total revenue.