US Memo Ties Megaspeed Executive to Alleged Nvidia Spying Plan

A U.S. intelligence memo circulated earlier this year claims China's Ministry of State Security recruited technology executive Alice Huang to spy on Nvidia CEO Jensen Huang, according to multiple media reports cited by TechCrunch. The memo was first reported by The New York Times, which had previously reported that Nvidia's chief executive had been a target of Chinese intelligence efforts.

Alice Huang is an executive at Megaspeed, a Singapore-based company. The memo, which TechCrunch reports was based on U.S. intelligence, names her as the person China's security ministry allegedly recruited to gather information through her access to Jensen Huang.

What does the memo allege?

The core claim, as reported by the Times and relayed by TechCrunch, is that Alice Huang was recruited by the Ministry of State Security specifically to spy on Jensen Huang. The Financial Times subsequently reported an additional detail from the memo: that Jensen Huang had a romantic relationship with Alice Huang. TechCrunch's report does not independently verify either claim and presents them as attributed to the memo and the two outlets' reporting.

Who is Alice Huang and what is Megaspeed?

Megaspeed is described in the TechCrunch report only as a Singapore-based company where Alice Huang serves as an executive. No further detail on Megaspeed's business, ownership, or ties to Nvidia is included in the available reporting. The memo's characterization of her recruitment has not been confirmed independently by TechCrunch, which frames the claim as coming from the memo itself and from the Times' and FT's sourcing.

How has Nvidia responded?

An Nvidia spokesperson told the Times that Jensen Huang's interactions with Alice Huang were "not unusual," and said the company does not share classified information with its customers, according to TechCrunch's summary of that reporting.

"The first, best and most of our technology in America" is what Nvidia sells, the company's spokesperson said, addressing a separate but related Times report on export matters, per TechCrunch.

Nvidia has not, in the material reviewed, disputed that contact between the two executives occurred. The company's statements focus instead on characterizing that contact as routine and on affirming its classified-information handling practices.

What is the New Matrix connection?

A separate Times report, also relayed by TechCrunch, examined New Matrix, a Chinese company authorized by the U.S. Commerce Department to purchase advanced Nvidia chips. Reporters visiting the office address New Matrix had listed found what TechCrunch describes as "a hollow gray shell," a detail that raised concerns the address could be a front tied to a blacklisted private equity firm. The report does not establish a confirmed link between New Matrix and the Alice Huang memo; TechCrunch presents the two as related but distinct threads in the broader coverage of Nvidia's China-facing business. HTT News has separately reported on Commerce Department approval of Nvidia AI chip sales tied to a Chinese office address, a storyline that overlaps with the New Matrix findings described here.

What remains unconfirmed?

TechCrunch's report, sourced to the Times and the Financial Times, does not include an on-record response from Alice Huang or Megaspeed. The underlying memo's origin, classification, and the identity of the U.S. agency or office that produced it are not specified in the available reporting. Nor is there confirmation of how the memo came to circulate or whether it has prompted any formal government inquiry into Nvidia, Megaspeed, or New Matrix. The claim of a romantic relationship between the two executives, reported by the Financial Times, has not been corroborated by a second outlet in the material reviewed, and Nvidia's "not unusual" characterization stops short of either confirming or denying that specific allegation.

Nvidia did not, according to the reporting reviewed, address the New Matrix office-address findings directly beyond its general statement about selling technology "in America." Readers should treat the recruitment and relationship claims as allegations contained in a circulated memo and in subsequent news-outlet reporting, not as findings adjudicated by a court or confirmed on the record by either named executive.

For the full reporting chain, including the Times' and Financial Times' original accounts referenced throughout, see TechCrunch's summary.