Nvidia CEO黄仁勋被曝与涉嫌中国间谍的女子有染

Well, sure, it sounds bad when you put it like that.

It is indeed quite bad. National security has been compromised. He must resign.

Nvidia underperformed the Nasdaq roughly 7% on the news. Matt Levine has his usual ‘but is this securities fraud?’ style coverage of such events.

Table of Contents

• Spy Versus Guy.
• In Hindsight There Were Some Hints.
• Trump Knew And Did Nothing and Still ‘Backs’ Jensen Huang.
• Reconsidering Jensen Huang’s Arguments Against Export Controls.
• Jensen Huang Lied About the Affair.
• Jensen Huang and His AI Are Sorry, Everyone.
• The CEO of The World’s Largest Chipmaker Having an Affair With a Chinese Spy and Then Selling Them Chips is a Huge Deal, Actually.
• We Don’t Go There.
• Yes, National Security Was Compromised, What Are You Even Talking About.
• Nvidia Intervened To Halt an Investigation into Megaspeed.
• The House Foreign Affairs Committee Would Like a Word.
• He Would Plausibly Have Treated America as an Obstacle Anyway.
• What China Wants.
• Time to Resign?
• You Better Watch Out.

Spy Versus Guy

China’s top spy agency recruited Alice Huang to be a Chinese spy. She then had an affair with Jensen Huang, the CEO of Nvidia. Even if he did not know or suspect she was a spy, he knew she was a major customer and he sold her billions in GPUs.

Rob Wiblin: So Jensen was having an affair with a customer, who also happened to be a Chinese spy, for months. Lied to the board. Lied to journalists.

Meanwhile pushing to sell maximum of cutting edge AI chips to China against advice of ~entire natsec community. Can’t make this shit up.

Adam Chalmers: If your husband is going to cheat on you, ideally it’s with a spy. If your husband cheats with some random girl at a party, ouch. If your husband is ensnared by the resources of the entire Chinese state apparatus + professional seducers… you got dealt a bad hand.

If some random dad at the daycare is better at making my wife laugh, I’d feel a bit jealous. If John Mulaney was at our daycare, understandable that she’d laugh more at his jokes. He’s a top professional. Not reasonable to compare myself to him.

I would be very surprised if Jensen Huang knew he was being compromised by a Chinese agent. If you are Jensen Huang and you enter into a relationship with Alice Huang your prior on ‘she is functionally a spy’ should be very high, but presumably this was not a case of Jensen Huang thinking so clearly.

In Hindsight There Were Some Hints

There was a deleted tweet by Roon saying that rumors of this were circulating in Silicon Valley for a while.

And it’s not like the question hadn’t been asked. She did not even have to be a spy or for there to have been an affair. This was obviously ‘Nvidia selling chips to China in a way that endangers national security.’ Also a lot of people thought she was a spy.

Byron Wan (October 9, 2025): Is Huang Xiaole (黄小乐) aka Alice Huang a 燕子 working for the CCP?

Or, from Culper’s short position report on Nvidia back in May:

CEO Huang has walked alongside Megaspeed at every step, and seems to have a close relationship with Megaspeed’s Alice Huang. They partied together in June 2024 – same month as the Apex/Alibaba pledge, then dined together in May 2025 – just after U.S. trade restrictions.

Per a current Megaspeed employee, “every single time” Nvidia’s CEO visits their facility, Alibaba reps come too. One former NVDA employee told us that internally, Nvidia employees speculated as to the seemingly special nature of the relationship with Jensen.

Did Jensen Huang know?

WIRED: SCOOP: Nvidia CEO Jensen Huang began working with a crisis communications firm known for handling public scandals a year before admitting to an extramarital affair with a woman suspected by US intelligence of being a Chinese spy.

The firm, Heller, handles various corporate communications and issues for its clients. It has handled Huang’s behind-the-scenes communications since at least October 2025, according to two sources familiar with the matter.

Risa Heller, the firm’s founder, has built a reputation as a fixer for powerful men facing allegations of sexual misconduct and other personal controversies, according to a 2023 New York Magazine profile.

The date on the Tweet that opens this section is October 9. Trump was informed in October 2025. It is not a great leap to ask if Jensen Huang knew. If he knew? Oh boy.

Trump Knew And Did Nothing and Still ‘Backs’ Jensen Huang

One of those people who was told Alice Huang was a presumed Chinese spy and in a relationship with Jensen Huang?

President Donald Trump.

Ana-Maria Stanciuc (TNW | Nvidia): US officials told Trump in October 2025 that Alice Huang had a relationship with Huang and was presumed to be a spy, according to the Times. He said he had no regrets about not acting on that intelligence.

Seriously, um, guys, what the actual fuck? The head of the most valuable company in the world, that is in charge of our most strategic asset, who has to handle allocation of that asset, is in a romantic relationship with a presumed Chinese spy whose company is under investigation for chip smuggling and is buying billions of dollars in chips.

And your response is to do nothing?

Not warn Jensen Huang. Not try to feed him counterintelligence. Not investigate Megaspeed. Indeed allow Jensen Huang’s general council to quash the investigation into Megaspeed. Do nothing whatsoever. For a year. And then have no regrets about not acting on that intelligence.

Two months after Trump was warned about Alice Huang, Trump agreed with Nvidia to allow exporting of H200s to China with a 25% government cut. It doesn’t look good.

The correct response to this timeline is, as Rob Wiblin puts it, ‘WITAF is this?’

Even now, Trump is ‘backing’ Jensen Huang and thinks Jensen did nothing wrong. Which given Trump’s own history is not especially surprising. Nor is it surprising he would call Jensen Huang a ‘fine person.’

Ana-Maria Stanciuc (TNW | Nvidia): President Donald Trump defended Huang on Sunday evening. He told reporters that Huang should stay on as chief executive. He also said he would take Huang on his upcoming trip to China, the Times reported.

“I haven’t heard he’s done anything wrong. He dealt with somebody, but you know, so does everybody else,” Trump said.

Look. I try to avoid going there, but if Trump thinks ‘having an affair with a Chinese spy while being CEO of Nvidia’ does not count as ‘doing anything wrong’ then one must ask what he thinks about such actions if you are President of the United States.

Reconsidering Jensen Huang’s Arguments Against Export Controls

All of this puts Jensen Huang’s arguments against export controls in a new light. My analysis of Jensen Huang’s podcast with Dwarkesh Patel emphasized that Huang’s arguments about this were quite poor and highly motivated. Take that to another level.

Alec Stapp here provides further quotes of Jensen Huang making extremely poor arguments about chip controls.

Steven Adler: Dwarkesh: Why would we want to sell China the materials for a serious cyberweapon? It’s like selling them nukes with a casing that says ‘made by Boeing’ and claiming that’s good for the US

Jensen: Comparing AI to nukes is lunacy. Enriched uranium is a lousy analogy. It’s an illogical analogy. What we have to recognize is that AI is a five-layered cake.

Less than a month ago he was still at it, arguing that our export controls were a mistake, because China has more AI researchers than any other market. Presumably we need to ensure they use American compute to compete with us.

One can also reconsider Jensen Huang’s arguments against AI safety. He was having an affair with a Chinese spy, and he said AI safety concerns were fake.

Jensen Huang Lied About the Affair