Trump says FBI investigating Nvidia boss's affair with alleged Chinese spy

November 10, 2026

President Donald Trump has confirmed that the FBI is investigating an affair between Nvidia CEO Jensen Huang and a woman alleged to be a Chinese spy named Alice Huang (no relation). US intelligence officials believe Alice Huang, who worked as managing director at Singaporean company Megaspeed, was conducting espionage for Beijing, though China has rejected these allegations as groundless. The scandal has significantly impacted Nvidia, with the company's stock falling more than 4% and losing approximately $250 billion in market value, while shareholders have filed a class action lawsuit accusing Huang and the company of concealing the relationship.

Who is affected

Jensen Huang, CEO of Nvidia
Nvidia (the company and its shareholders)
Alice Huang (also known as Huang Le), alleged Chinese spy
Megaspeed, a Singaporean company where Alice Huang worked as managing director
US intelligence officials and the FBI
Chinese government and its foreign ministry
Nvidia shareholders who filed the class action lawsuit

What action is being taken

The FBI is investigating the affair between Jensen Huang and Alice Huang
Nvidia has commissioned an independent investigation into the affair
A class action lawsuit in California has been filed against Jensen Huang and Nvidia accusing them of defrauding shareholders
Trump spoke with Jensen Huang on Monday to discuss the situation

Why it matters

This situation has significant national security implications because Nvidia designs computer chips that are central to AI technology, making it a major focus in the AI technology race between the US and China. Washington officials treat Nvidia's exports to Beijing as a matter of national security, and Trump has raised concerns that allowing China to lead in AI would strengthen Beijing's military and surveillance capabilities. The affair raises questions about potential compromise of company secrets or national security information, even though Nvidia states it has no reason to believe such breaches occurred.

What's next

No explicit next steps stated in the article

Read full article from source: BBC