After Jensen Huang’s exit, Alice Huang’s firms linked to DeepSeek chip pledge
Nvidia's CEO Jensen Huang has resigned following allegations of ties to Chinese espionage and illegal AI chip exports. The controversy spotlights complex US-China tech export tensions and government scrutiny in Indian English
- Nov 13, 2026,
- Updated Nov 13, 2026 11:09 AM IST
Nvidia's co-founder and CEO Jensen Huang has resigned from the position amid controversy surrounding alleged Chinese spy links and three reported affairs. As the controversy unfolds, a new report has raised fresh questions about the Chinese businesswoman Alice Huang, who has reportedly been linked to the Nvidia chief and suspected of having connections to Chinese espionage. According to The Information, companies associated with Alice Huang may have invested in AI startup DeepSeek with a promise to offer advanced Nvidia AI chips that the US restricts from being exported to China.
It was further revealed that Ms Huang participated in DeepSeek's second funding round to establish closer business relationships with DeepSeek. However, the money invested in the startup is unknown and whether the promised Nvidia chips were actually delivered to DeepSeek. The report has raised fresh concerns over her business and the movement of advanced US technology to China.
As per reports, two companies are being linked to Alice Huang's business network: Singapore-based Megaspeed International and China's Shanghai Century Litong (Litong). Litong allegedly helped move $7.5 billion worth of Nvidia chips into China, which could be approximately 240,000 Nvidia AI chips. Huang's link to Megaspeed has also attracted scrutiny in the US.
Must read: Jensen Huang resignation sparks backlash as tech leaders call Nvidia’s decision a mistake
The development comes as the US questions efforts to stop China from accessing advanced Nvidia chips that could help accelerate its AI ambitions. On November 12, US President Donald Trump also authorised a crackdown on companies suspected of illegally transferring Nvidia's advanced AI chips to China. US Treasury Secretary Scott Bessent also questioned Commerce Secretary Howard Lutnick's efforts to implement export restrictions against companies suspected of illegally supplying Nvidia's advanced AI chips to China, particularly Megaspeed.
In a recent development, the growing controversy surrounding Nvidia and US chip export restrictions has reportedly put Lutnick's position under pressure, with senior White House officials discussing the possibility of pushing him out of the administration. The reports follow after Nvidia's board announced the resignation of its CEO, Jensen Huang.
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Nvidia's co-founder and CEO Jensen Huang has resigned from the position amid controversy surrounding alleged Chinese spy links and three reported affairs. As the controversy unfolds, a new report has raised fresh questions about the Chinese businesswoman Alice Huang, who has reportedly been linked to the Nvidia chief and suspected of having connections to Chinese espionage. According to The Information, companies associated with Alice Huang may have invested in AI startup DeepSeek with a promise to offer advanced Nvidia AI chips that the US restricts from being exported to China.
It was further revealed that Ms Huang participated in DeepSeek's second funding round to establish closer business relationships with DeepSeek. However, the money invested in the startup is unknown and whether the promised Nvidia chips were actually delivered to DeepSeek. The report has raised fresh concerns over her business and the movement of advanced US technology to China.
As per reports, two companies are being linked to Alice Huang's business network: Singapore-based Megaspeed International and China's Shanghai Century Litong (Litong). Litong allegedly helped move $7.5 billion worth of Nvidia chips into China, which could be approximately 240,000 Nvidia AI chips. Huang's link to Megaspeed has also attracted scrutiny in the US.
Must read: Jensen Huang resignation sparks backlash as tech leaders call Nvidia’s decision a mistake
The development comes as the US questions efforts to stop China from accessing advanced Nvidia chips that could help accelerate its AI ambitions. On November 12, US President Donald Trump also authorised a crackdown on companies suspected of illegally transferring Nvidia's advanced AI chips to China. US Treasury Secretary Scott Bessent also questioned Commerce Secretary Howard Lutnick's efforts to implement export restrictions against companies suspected of illegally supplying Nvidia's advanced AI chips to China, particularly Megaspeed.
In a recent development, the growing controversy surrounding Nvidia and US chip export restrictions has reportedly put Lutnick's position under pressure, with senior White House officials discussing the possibility of pushing him out of the administration. The reports follow after Nvidia's board announced the resignation of its CEO, Jensen Huang.
For Unparalleled coverage of India's Businesses and Economy – Subscribe to Business Today Magazine