Alice Huang's Firm Linked to Nvidia Chip Scandal

Alice Huang's firm obtained servers containing US export-restricted Nvidia chips, which were installed at a data center in Shanghai. This acquisition is linked to a financing deal from January 2025, where a unit of Shanghai Longteng Intelligent Computing pledged 193 servers as collateral, valued at 485 million yuan ($73 million).

The collateral included Dell Technologies servers with Nvidia’s H800 chips, restricted from sale to China since 2023. The servers were originally sold to Aperia Cloud Services, a Singapore-based Nvidia partner.

The investigation into this matter follows Jensen Huang's resignation as Nvidia's CEO after 33 years, amid allegations of Alice Huang's ties to Chinese intelligence. Nvidia's board has initiated an independent investigation, although they stated there was no evidence of compromised national security or confidential information.

Jensen Huang acknowledged an extramarital affair in a message to employees, coinciding with a decline in Nvidia shares.