Alice Huang helped move 240k banned chips into China, mostly H100 and H200

An investigation describes a network of companies allegedly used to secure and route Nvidia AI GPUs into China despite U.S. export restrictions, and identifies Megaspeed executive Alice Huang as a key intermediary. Huang reportedly helped move about 240,000 restricted chips, mostly H100 and H200 systems, and arrange roughly $7.5 billion in GPU acquisitions. Estimates include $4.6 billion in imports through Megaspeed from 2023 to 2025 and another $2 billion through its subsidiary, Speedmatrix; Shanghai Century Litong reportedly obtained additional GPUs with Huang’s help when orders encountered problems. The account links Huang’s influence to her close personal relationship with Nvidia CEO Jensen Huang, which she allegedly invoked to reassure customers and unblock delayed shipments.

The companies’ structure and access to Nvidia supply are central to the allegations. Shanghai Century Litong, founded in 2023 and connected to Huang’s sister, became a Nvidia Preferred Cloud Partner, a status that brought improved access to scarce hardware just as China-specific models were being restricted. Megaspeed pivoted into AI infrastructure around the same time, then established Speedmatrix in Malaysia. U.S. officials reportedly found Nvidia equipment still boxed at Speedmatrix sites, prompting an investigation; Nvidia allegedly intervened, and Megaspeed retained partner status. Alice Huang is also suspected of ties to China’s Ministry of State Security, an allegation the Chinese embassy denies. The FBI is investigating, while details of her company roles and dealings remain difficult to verify.