🤖 Congress presses Nvidia's Jensen Huang over Megaspeed claims

Congress is pressing Nvidia CEO Jensen Huang for answers about his dealings with Alice Huang, an executive at Singapore-based Megaspeed. The story was first reported on Nov 7 at 7:58 PM ET, and Axios dated its account that day. The two Huangs are not related, per the reports. Axios says the scrutiny follows multiple reports about an alleged illicit relationship with an undercurrent of espionage.

Who says what

The Business Times, carrying New York Times reporting, says a memo that circulated among top Trump administration policymakers last spring cited intelligence that Alice Huang was a spy for China's Ministry of State Security. The paper attributes this to people briefed on the intelligence. It says she was recruited to collect intelligence on Jensen Huang as part of a push to learn about US AI chips and potentially influence Nvidia.

The Financial Times reports, citing people familiar with the memo, that the US government believes Huang had a romantic relationship with her. TechSpot, summarizing the Times, says the two were photographed together at a bar in Taipei around the time Megaspeed began buying Nvidia chips in 2024. IBTimes AU, citing the Times, says Megaspeed has bought billions of dollars' worth of Nvidia chips.

On the Hill, CNBC reports that three House Republican committee chairs wrote to Huang asking him to sit for a closed-door briefing on Nov 18. IBTimes AU names them as Reps. Brian Mast, John Moolenaar and Rick Crawford. The letter says recent reports raise significant national security concerns about China's access to sensitive US technology and information.

"Congress will investigate and get answers."

Sen. Chris Coons, D-Del., in a post on Saturday, as quoted by CNBC and the Financial Times

CNBC adds that Coons is in line to chair the Senate Foreign Relations Committee when his party takes control of the chamber in January. It also reports that Rep. Seth Magaziner, D-R.I., called on Commerce Secretary Howard Lutnick to testify alongside Huang.

The response

Nvidia has repeatedly denied that Huang's relationship with Alice Huang was anything but a typical business contact, according to Axios and IBTimes AU. Spokesman John Rizzo said the company does not share classified information with customers. He also said customers do not ask Nvidia to press Washington on China chip policy. IBTimes AU quotes the company as saying 'Meetings with customers are part of a CEO's job.'

The Financial Times says Nvidia declined to comment on the government memo and on the claim of an intimate relationship. CNBC, citing the Times, says Rizzo declined to comment on whether Huang would appear before lawmakers. Chinese embassy spokesman Liu Chang called the reporting 'unsubstantiated' and 'nothing but smears against China,' per the Business Times. Alice Huang could not be reached for comment, per the Financial Times. The White House and CIA declined to comment.

What happens next

Axios says the chairmen gave Huang a Nov 11 deadline to set a date for the meeting. CNBC puts the requested briefing on Nov 18. IBTimes AU says Nvidia is due to report quarterly earnings on Nov 17, when investors may press for details. The reports do not say whether a formal investigation has been opened, or whether Huang will attend.

Backstory: the licence ledger

The BBC reported in August 2025 that Nvidia agreed to pay the US government 15% of its H20 chip revenue from China as part of a deal to secure export licences. In January 2026, the BBC reported that the Commerce Department cleared the H200 for sale in China, with President Trump saying the government would collect a 25% fee.

IBTimes AU, citing Tom's Hardware, says the Commerce Department has accused Megaspeed since 2024 of smuggling $2 billion worth of advanced chips to China. The Financial Times says Nvidia ran an internal probe into those allegations and assessed that there was no evidence of wrongdoing.

As of Nov 8, 1:21 PM ET, the confirmed part is the paper trail: a letter from three House chairs seeking a closed-door briefing, a Nov 11 deadline to set a date, and Nvidia's on-record denials. The intelligence claims rest on unnamed sources in the New York Times and Financial Times reports. No charges have been filed, and no briefing date has been confirmed.