Nvidia's Jensen Huang faces scrutiny over H200 sales to China and alleged espionage links

After Democrats won control of both chambers of Congress in the U.S. midterm elections, Nvidia CEO Jensen Huang faces increased political pressure over sales of H200 chips to China, with several Chinese companies approved to handle the chips alleged to be shell entities. According to a New York Times report on the 7th, New Matrix, which was authorized by the U.S. Department of Commerce to install H200s, shows almost no trace of actual operations, and its owner is linked to Wise Road Capital, which was added to the U.S. export control list in 2024; it is suspected of being a front for sanctioned affiliated companies. In September, another approved company, Mag Infra, was also alleged to be a shell. According to the Financial Times, an internal memorandum drafted by the U.S. government says Huang had an affair with Alice Huang, who is suspected of having been recruited by Chinese intelligence agencies, and authorities are investigating allegations that Megaspeed has purchased more than 136,000 Nvidia GPUs since 2023 and rented out computing power through Southeast Asian data centers to companies including Alibaba.