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Trump listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House. Andrew Harnik/Getty Images

Trump knew a year ago Nvidia’s billionaire CEO had a close relationship with a Chinese spy and did nothing, report says

A Chinese businesswoman with close ties to Nvidia [NASDAQ: NVDA] CEO Jensen Huang has allegedly passed intelligence to Beijing, and President Trump reportedly took no action to address it.

An exclusive from the The New York Times claims a top executive at a Singapore-based data center company with direct access to Huang was possibly directing advanced Nvidia AI chips to China.

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American officials have now concluded that Alice Huang or Huang Le, a Chinese citizen, was an intelligence asset who was sending information to Beijing.

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According to the NYT, Trump was briefed on the intelligence findings about a year ago but chose not to do anything. The revelations come as the U.S. works to maintain its dominant position in the booming AI industry.

Allegations of Chinese spying

The NYT is reporting that American officials were already watching Ms. Huang and suspected she was helping Beijing evade restrictions on its ability to access advanced AI chips.

The latest allegations, however, reveal Ms. Huang also had direct access to Mr. Huang, one of the most significant figures in AI and someone with direct access to Trump and his thinking.

Nvidia did not reply to Moneywise’s request for comment in time for publication.

Speaking to the NYT, Nvidia defended its CEO’s connection to Ms. Huang, saying she was employed with a regional company called Megaspeed, which Nvidia had reportedly vetted following claims that Megaspeed was smuggling chips into China.

“Jensen’s interactions with Ms. Huang are not unusual or unexpected. Meetings with customers are part of a CEO’s job; Jensen talks with thousands of customer executives every year,” Nvidia spokesman John Rizzo told the NYT.

Rizzo also said Nvidia is “confident that if the U.S. government believes that any person is a threat to American industry, it would let us know,” and that customers like Megaspeed would not be privy to sensitive information.

Sources who spoke to the NYT on the condition of anonymity said Mr. Huang has not received a defensive briefing, which is sometimes given to Americans who may be the target of foreign interference.

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In a statement to NYT, Megaspeed said it will conduct an internal investigation and has told the U.S. government it plans to cooperate. Washington launched an investigation into Megaspeed in 2024 after the Commerce Department visited its data center in Malaysia, the NYT reports. U.S. officials reportedly believe Megaspeed is part of global efforts by Chinese companies to access the chips needed to power AI.

Singapore has also conducted an investigation into the company.

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Trump’s response

According to the NYT, when Trump was briefed on the intelligence, officials did not believe the Nvidia CEO had been aware that Ms. Huang was allegedly gathering information for Beijing. It is unclear whether that has changed.

Mr. Huang has a close relationship with the Trump administration, successfully lobbying the U.S. government to weaken restrictions of Nvidia’s chip sales to China. The Nvidia CEO has also emerged as a top Trump ally in the AI safety debate.

According to the NYT, Trump’s decision not to respond to the allegations comes as he remains cautious about interfering in Nvidia’s chip sales. He’s also reportedly weary of worsening trade relations with China.

The White House did not respond to Moneywise’s request for comment in time for publication.

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Rinna Diamantakos Contributing Editor

Rinna Diamantakos is a contributing editor at Moneywise.com. A versatile journalist, she has experience as a writer, editor and producer. Her work has focused on politics, business and financial news.

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