Chinese espionage allegations targeting Nvidia chief executive Jensen Huang have increased support for three measures to restrict exports of advanced chips to China. According to The New York Times, US intelligence agencies suspect Alice Huang, a potential Chinese intelligence asset linked to Singapore-based data center firm Megaspeed, of gathering sensitive information on Nvidia. Megaspeed purchased more than $4.8 billion worth of Nvidia chips during the two years preceding the allegations. Nvidia shares initially fell 4% to 8% after the reports and have since recorded cumulative declines exceeding 15%, while the company denies that any secrets were compromised and has launched an independent investigation. The allegations may strengthen measures included in the fiscal year 2027 defense authorization bill, which could impose tighter controls on AI chip exports to China.
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