US intelligence agencies have raised serious concerns following reports of repeated meetings between Jensen Huang, CEO of global AI chipmaker Nvidia, and an alleged Chinese operative, according to a report by The New York Times. The individual in question, Alice Huang, is a former executive at Singapore-based Megaspeed and is suspected by US officials of working for Chinese intelligence agencies. US authorities fear these interactions may have compromised sensitive US artificial intelligence (AI) chip technology and confidential details regarding US President Donald Trump’s trade policies. Timeline of Meetings and Wiretap Findings June 2024 (Taipei): Jensen Huang and Alice Huang were spotted together at a bar following a tech event in Taipei, Taiwan. A photo of the two was later posted on LinkedIn by a company called NetThunder. May 2025: The two were seen leaving a restaurant together after a dinner with AI hardware suppliers. Phone Intercepts: US agencies placed Alice Huang’s communications under surveillance. Intercepted calls and messages pointed to regular contact with a prominent US citizen, who was later identified as Nvidia CEO Jensen Huang. Allegations of $4.8 Billion (₹45,690 Crore) Chip Smuggling The US Department of Commerce and Department of Justice are investigating Singapore’s Megaspeed and its affiliated networks over suspected export control violations: Unopened Shipments in Malaysia: In late 2024, US officials inspected a Megaspeed data center in Malaysia and found unopened boxes of high-end Nvidia chips, prompting suspicions that the hardware was being re-routed directly to mainland China. Massive Orders: Between June 2024 and February 2026, a Malaysian affiliate linked to Megaspeed purchased advanced Nvidia chips worth approximately $4.8 billion (around ₹45,690 crore). Bypassing US Sanctions: Megaspeed allegedly purchased high-value systems from Nvidia and rented out computing capacity to major Chinese technology firms, including Alibaba, effectively bypassing US export restrictions. White House Awareness and Policy Context According to the report, US President Donald Trump was briefed on the intelligence concerns nearly a year ago, though direct enforcement action was delayed to prevent market instability: Market Stability: The administration reportedly refrained from halting Nvidia’s sales to avoid triggering a sharp drop in US stock markets and damaging broader economic growth. 25% Revenue Arrangement: Following Trump’s return to office, an arrangement was negotiated under which the US government receives a 25% share of revenue from specific chip sales routed to China. Corporate Commitments: Nvidia donated $20 million (approx.₹190 crore) to the White House Ballroom Fund and committed to a $500 billion (approx. ₹47.56 lakh crore) investment plan in the US. White House Presence: Jensen Huang recently attended a high-level luncheon for tech leaders at the White House. Nvidia Denies Any Data Leak Nvidia spokesperson John Rizzo clarified that the interactions between Jensen Huang and Alice Huang were routine business meetings. “As CEO, Jensen Huang meets with thousands of business executives across the world every year,” the company stated. Nvidia added that interactions with clients like Megaspeed involve standard commercial discussions and that no confidential technology, proprietary IP, or national security data was ever shared. Post navigation NVIDIA CEO meets female Chinese spy:Agencies suspect leak of Trump’s policy secrets, advanced AI chips Putin warns Europe confrontation with Russia will prove costly:Urges it not to block Baltic Sea shipping, or Hormuz-like situation will follow