Follow the chips: how Nvidia’s most restricted processors found a road to China

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Jeff Newman, Esq., MBA, with help from AI

In December 2023, a small group gathered at an Italian restaurant in Singapore. Jensen Huang, the chief executive of Nvidia, was there in his black leather jacket, holding a glass of red wine. Beside him, smiling for the camera, sat a Chinese executive who goes by Alice Huang. The two are not related. [1]

She had reason to celebrate. She had just restructured a Singapore company called Megaspeed. Four days after its ownership changed, Nvidia named Megaspeed a cloud partner, a status that moves a buyer toward the front of the line for the most sought-after chips in the world. [1]

Nearly three years later, the photograph reads differently. U.S. officials have concluded, according to The New York Times, that Alice Huang is an asset of China’s Ministry of State Security. [1] Jensen Huang has acknowledged an affair with her and has resigned as Nvidia’s chief executive. [31] Singapore has barred her from the country. [3] Taiwan has revoked her entry permit. [2] And Megaspeed, together with a web of related companies stretching from Singapore to Malaysia to Shanghai, sits at the center of questions about how many billions of dollars of export-restricted American processors reached China.

Much of the coverage has followed the affair. This post tracks the Nvidia semiconductor chips.

It draws on the reporting of The New York Times, The Wall Street Journal, Reuters, Bloomberg and The Information, and on other sources that have received less attention in the United States: Singapore’s corporate registry and government statements, Malaysian business press, Chinese financial media, and the stock-exchange filings of a listed Shanghai-area company. Every fact is numbered to its source at the end.

No one has been charged with a crime. [30] The intelligence findings have not been made public. China denies the espionage claims. [2] Megaspeed denies wrongdoing. [39] Where this post references an allegation, it says whose allegation it is.

The woman at the table

Alice Huang’s Chinese name is Huang Le. She is in her late 40s. [2] She earned a master’s degree in media management from Hong Kong Baptist University in the late 2000s, [2] and entered Taiwan on a Hong Kong passport. [1]

Her online résumé, as described by the Times, lists four years as a television reporter, followed by work at HSBC’s private bank and at CITIC Securities, a Chinese state-backed investment bank. [1] The earliest corporate records bearing her name, the Times found, trace to 2010: a small “sports and leisure club” company registered inside a private golf club in Beijing. [1]

By 2020, she and a business partner were known in Shanghai investment circles for operating an interconnected web of companies used to carry out takeovers and investments. That spring, their network helped build and operate an artificial-intelligence computing center in Shanghai for the internet giant Tencent. [1]

U.S. officials believe China’s intelligence services recruited her because of her access to Jensen Huang. [2] That is the officials’ conclusion as reported by the Times and the Journal. The evidence behind it has not been released. [29] Beijing’s foreign ministry has called the spy narrative groundless speculation and slander. [2]

Alice’s husband

The business partner is Kang Wei.

Kang was a star fund manager in China in the 2000s, treated by Chinese financial media as something of a boy wonder. [1] He founded his own firm, Shanghai Hexi, in 2010. [2] The Hong Kong newspaper Ming Pao reports that he was born in 1975, studied at Shanghai Jiao Tong University, and became general manager of a fund company at 32. [24]

China’s securities regulator fined Kang and Shanghai Hexi in 2018 for failing to disclose holdings in a pharmaceutical company during a takeover battle. Kang contested the findings, and the regulator rejected his arguments. [2] The Times reports he has been fined at least twice for disclosure failures. [1]

The Wall Street Journal has now reported the detail that turns this from a business story into something stranger. [2] According to people who know the couple:

  • Kang is Alice Huang’s husband.
  • Kang knew Jensen Huang for about a decade. They met in Asia in the 2010s, when Nvidia’s business centered on videogame chips and Kang’s firm was investing in videogame companies.
  • It was Kang who introduced Jensen Huang to Alice Huang.
  • For two years, Kang appeared to accept his wife’s romantic relationship with the Nvidia chief and spoke openly of their closeness. He sometimes told associates, half in jest, that she was Jensen Huang’s personal assistant.

The Times adds that Kang has been introduced as Alice Huang’s husband to Chinese investors and Megaspeed employees, that he bragged about her connection to Jensen Huang, and that he used it to raise money for their businesses. The Times could not verify whether the two are married. [1]

Between late 2024 and June 2025, investors in Shanghai and Singapore say, the couple pitched several data-center projects: two in Southeast Asia and one in Shanghai. The pitch, as investors described it to the Journal, promised to triple their money in three years. It also expressed confidence that the couple had ways to bring Nvidia chips into China. [2]

Early in 2026, Kang was detained in Shanghai in connection with inquiries into stock-market manipulation involving listed companies. The Journal reports he has recently been released. [2] [24]

Kang did not respond to the Times, and the Journal could not reach him. [1] [2] He is the one person in this story who knew both Huangs from the beginning, and who was present for the business as it was built. His account has not been heard yet.

Channel one: Megaspeed, Singapore

Megaspeed did not begin as an AI company.

Singapore’s corporate registry shows it was incorporated in September 2015 as 7Road International, [5] the Singapore arm of 7Road, a Chinese online-gaming company. [1] [24] The Times reported in October 2025 that 7Road’s owners include China’s central government and several local governments, and that before joining Megaspeed, Alice Huang was executive director of a Shanghai-based fund that had invested in 7Road. [41] In 2019, according to Caixin as reported by Ming Pao, a company controlled by Alice Huang sold game assets to 7Road for about 1 billion yuan, roughly $140 million. [24]

In March 2023, the Singapore subsidiary changed hands and changed names. A British Virgin Islands company called Huang Le Limited acquired it, it became Megaspeed International, and Alice Huang was registered as a director and managing director. [7] [2] This came months after the United States, in late 2022, began restricting sales of advanced AI chips to China. [1]

Eight months later, in November 2023, the shares moved again. This time they went to Swiftdata, a Singapore company incorporated only the month before. Alice Huang resigned as managing director. [5] On paper, Megaspeed was now a Singaporean company owned by a Singaporean. Four days after the transfer, Nvidia certified Megaspeed as a cloud partner. [1] [24]

The Singaporean owner is Tan Yong Pong. Registry records show he is the sole shareholder and sole director of Swiftdata and the sole director of Megaspeed. [5] A family member told reporters in October 2025 that Tan no longer lived at his registered Singapore address and was believed to be in China. [7] The Straits Times visited Swiftdata’s registered business address and found an interior design firm whose co-founder said it had occupied the space for more than four years. Tan’s whereabouts remain unknown. [6] Separately, the Times reported in October 2025 that Megaspeed’s director was from Singapore but based in Shanghai, according to business records and his social media account. [41]

The numbers moved quickly. Megaspeed’s filings show total assets of $32.9 million in 2023 and nearly $3 billion in 2024. Revenue went from almost nothing to $294.3 million. [6]

Paper ownership is one thing. On November 12, 2026, Singapore’s Ministry of Home Affairs described the true substance. [3]

  • Why she was investigated. Alice Huang was investigated “given her position as then-CEO, Chairperson, and one of the key controllers of Megaspeed.”
  • The suspected offences. They included buying servers that were exported through Singapore to Malaysia without entering the Singapore market.
  • The outcome. The ministry found insufficient evidence that she had committed an offence.
  • Her conduct during the investigation. She gave police information “which she knew to be inaccurate” and downplayed her role in the company.
  • The consequence. She received a stern warning, left Singapore in February, and is barred from returning.
  • Espionage. The ministry said its investigation did not concern espionage.
  • What remains open. Investigations into Megaspeed and six individuals are ongoing.

Singapore police first confirmed an investigation into Megaspeed in October 2025, after Senator Tom Cotton asked the Commerce Department to look into whether the company had diverted Nvidia chips. [33] When the Journal reported in October 2026 that Singapore officials had investigated Alice Huang’s ties to China, the ministry rejected the report and said no such investigation had taken place. [4] Its November statement is consistent with that: it investigated her role in Megaspeed, not espionage. [3]

Megaspeed says it operates “fully within the bounds of all applicable export control regulations.” [39] It says on-site inspections and reviews by the U.S. Commerce Department, Malaysian authorities and Nvidia found no violations, [14] and that it has cooperated with U.S. inspections. [3] Its current leadership has told the Times that it hired outside legal advisers to conduct an internal investigation. [15]

Channel two: Malaysia

Most of the hardware did not stay in Singapore. It went across the causeway to Johor.

Malaysia’s company registry shows two entities linked to Megaspeed. Speedmatrix Sdn Bhd and MSFusion Sdn Bhd are both loss-making, both in data processing and hosting, and both list business addresses in the same development in Iskandar Puteri, Johor. [13] Speedmatrix reported 2024 revenue of 522.3 million ringgit, about $125 million, and a loss of 103.2 million ringgit, according to The Edge Malaysia. [14]

The scale of what flowed in is the interesting part. Trade records cited by the Times show Speedmatrix bought at least $4.8 billion of advanced AI equipment, including systems containing Nvidia chips, between June 2024 and February 2026. [14]

Three observations have kept investigators interested:

  1. Unopened boxes. In September 2024, an official of the Commerce Department’s Bureau of Industry and Security visited Megaspeed’s data center at Sedenak Tech Park in Johor to look into concerns about how much the company was buying. Some of the Nvidia equipment was still in its boxes, which raised concern that it was being shipped onward rather than installed. [1] [41]
  2. A gap in the count. Bloomberg reported that Megaspeed imported tens of thousands more chips than Nvidia saw when it checked the company’s data centers. [8] By one account of Bloomberg’s later reporting, Nvidia’s tally of Megaspeed chips sold through partners ran 50,000 short. [9]
  3. A vaguer website. Megaspeed’s website once named data centers in Malaysia and Indonesia. They are now described only as being in “East South Asia.” [14]

On November 12, Malaysia’s trade minister, Johari Abdul Ghani, said the government had received no formal request from foreign authorities about Speedmatrix but would facilitate any investigation. He also said it would review whether the GPUs Speedmatrix bought were re-exported to China. [13] Two days earlier, he had said the ministry had seen no evidence that Speedmatrix broke Malaysian law. [14]

Channel three: Century Litong, Shanghai

The third channel ran into China itself, and it is the least known in the United States.

Shanghai Century Litong Data Services (上海世纪利通数据服务有限公司) was founded in June 2023 in Shanghai’s Songjiang district. [11] [17] Its own filings tell part of the story, and reporting tells the rest.

What the reporting says. The Information, as summarized by Reuters, reports four things:

  • The founding shareholder. Century Litong was initially linked to Alice Huang’s sister, Huang Yu, through a founding shareholder ultimately controlled by Huang Yu. That shareholder exited in 2024. [10]
  • Nvidia partner status. By October 2023, a month before Megaspeed, Century Litong had secured preferred Nvidia cloud-partner status, with priority access to chips. [11]
  • How she helped. When orders for export-restricted Nvidia chips stalled, Alice Huang used her ties to Nvidia and its distributors to secure supply. The network moved about 240,000 H100, H200 and A100 chips into China, worth at least $7.5 billion. [10] [11]
  • The Malaysia link. Hardware acquired by Speedmatrix, Megaspeed’s Malaysian subsidiary, later reached Century Litong. [10]

The Information also reports that Alice Huang used her relationship with Jensen Huang to build credibility while staying vague about her own role and avoiding a paper trail. [10] Its estimate is that Megaspeed imported about $4.6 billion of AI chips from 2023 through 2025, with another $2 billion going through Speedmatrix. [12]

The Wall Street Journal, independently, reports that Megaspeed shipped some Nvidia servers into China, including to Century Litong. It describes Century Litong as owned by a Shanghai-listed company with which Kang had done business. [2] Century Litong did not respond to the Journal. [2]

What the filings say. Century Litong is a subsidiary of Jiangsu Litong Electronic (利通电子), a manufacturer of metal parts for flat-panel televisions. Litong Electronic is listed on the Shanghai Stock Exchange under the code 603629. [17] Because it is listed, it must disclose who controls it and what its subsidiaries do.

Those disclosures show the following:

  • The founding deal. On June 20, 2023, Litong Electronic signed a capital-increase agreement with a company called Shanghai Century Longteng Data Technology and took 90 percent of Century Litong. After two further share transfers, it owned 100 percent by May 20, 2024. [16] Chinese financial press identifies Century Longteng as a subsidiary of Century Huatong, a large listed gaming company, and reports that the venture was built to serve Tencent’s computing needs. [17] The exit of the original partner in 2024 matches the timing The Information gives for the departure of the founding shareholder linked to Huang Yu. [10] [16] The filings themselves do not name Huang Yu, and this post does not assert that the two are the same.
  • Who controls the parent. Litong Electronic, based in Yixing in Jiangsu province, is controlled by members of one family, led by its chairman and controlling shareholder, Shao Shuwei, who holds about 36 percent. [20] A 2026 exchange announcement describes the chairman’s agreement to lend Century Litong up to 300 million yuan, about $41 million, to expand its AI computing business. [19]
  • Overseas operations. In a July 2025 response to a Shanghai Stock Exchange inquiry, the company disclosed several things. It runs a computing-leasing business in Singapore through a Singapore subsidiary. The overseas computing equipment behind its locked-in capacity is stored in a Malaysian data center. It holds cash in Singapore and Malaysian accounts. Two of its overseas customers were companies registered with capital of one and two U.S. dollars. [16]
  • What it does not mention. The filing does not mention Megaspeed or Speedmatrix. [16]

Fairness requires a clear statement here. No public report accuses Litong Electronic, its chairman, or its controlling family of wrongdoing, and nothing in this post should be read to do so. The filings are cited because they are the public record of the company that owned the business through which The Information and the Journal say restricted chips flowed.

Where the chips went

Every channel in this story ends at the same kind of customer: China’s largest technology companies.

Megaspeed and Alibaba. The Journal reports that Megaspeed told Nvidia that Alibaba would be its anchor customer. That was large enough to help Megaspeed earn priority access as a cloud partner. Alibaba, the Journal says, was looking for a partner that could give it access to Nvidia-equipped data centers outside China. [2] The Financial Times, as quoted in one widely circulated analysis, reported that Nvidia first met with Megaspeed about procurement because the company showed its leasing contract with Alibaba. [25] The Times reports that a Megaspeed subsidiary in Malaysia pledged its servers and intellectual property to an Alibaba subsidiary called Apex, and that Alibaba became Megaspeed’s dominant customer. [1]

Century Litong and Tencent. Chinese business press reports that Litong Electronic signed a three-year computing agreement with Tencent worth about 5 billion yuan, roughly $690 million. Tencent takes about 80 percent of its capacity. [17] [18] The company’s own October 2023 answer on the exchange’s investor-relations platform said its first large computing cluster was installed at Tencent’s Yangtze River Delta AI supercomputing center in Songjiang. [21] The Information reports that capacity built on the chips was provided to Alibaba, Tencent and smaller Chinese AI companies. [10]

The Pentagon’s view of those customers. In January 2025 the Department of Defense added Tencent to its list of “Chinese military companies” under Section 1260H of the National Defense Authorization Act. [22] In June 2026 it added Alibaba and Baidu. [23] The designation reflects the Pentagon’s judgment that these companies support China’s military-civil fusion strategy. It does not by itself impose sanctions, and it is not evidence that any particular chip was put to military use. [23]

The structural point stands on its own: the two channels described here served customers that the United States Department of Defense has designated as Chinese military companies.

What Nvidia knew

The record supports some answers and leaves others open.

What Nvidia knew from the start. It knew Megaspeed’s anchor customer was a Chinese company. Megaspeed’s own pitch to Nvidia said so. [2] [25] Renting computing power located outside China to Chinese customers is a different act from shipping the chips into China. Megaspeed’s position is that its services fall within permitted cloud activity. [8]

What Nvidia said it found. In October 2025, Nvidia spokesman John Rizzo told the Times that Nvidia employees visiting Megaspeed’s facilities that week “found no evidence of diversion.” He said Nvidia’s compliance team had determined that Megaspeed was owned and operated by a company based outside China, with no Chinese shareholders. [41] In December 2025, an Nvidia spokesperson said Megaspeed had done “nothing untoward,” as quoted in a short-seller’s report. [40] Nvidia later said it had identified substantially all of the products sent to Megaspeed. [8]

What Nvidia did. In June 2025, Nvidia placed Megaspeed on its internal block list, prohibiting further sales and shipments. Megaspeed was not on the Commerce Department’s Entity List and had not received a Commerce “is informed” letter, so Nvidia says this was voluntary. The company says the block remains in place. [27] [9] Commerce has since allowed Nvidia to send parts and replacement components. [9]

Two Nvidia statements, side by side. In October 2025, Nvidia told the Times that Megaspeed had not submitted new orders for months, and it did not give a reason. [41] Nvidia now says it placed Megaspeed on its block list in June 2025. [27] [9] The two statements do not contradict each other. The October 2025 statement, as the Times reported it, did not mention the block.

What Nvidia’s filings show. Around the same time, Nvidia changed how it reports revenue by region. It moved from where customers are billed to where they are headquartered, and Singapore effectively disappeared from its disclosures. The last quarter reported under the old method showed $10.2 billion in Singapore revenue, 22 percent of the total. [26] Nvidia has not said whether the change had anything to do with Megaspeed, and no report establishes a connection. [26]

What Washington has not done. Megaspeed is still not on the Commerce Department’s Entity List. The Financial Times reported that the State, Defense, Energy and Treasury departments supported adding it, and that Commerce, which chairs the review, said it needed more information. [28]

What Jensen Huang knew

This is the question most readers will ask, and the honest answer is that it is not publicly known.

There is no public evidence that Alice Huang obtained sensitive information from Nvidia or influenced Jensen Huang’s decisions, and U.S. intelligence has made no evidence public. [29] The Times reported that U.S. officials did not initially believe Jensen Huang knew of her alleged intelligence role. [30] In his November 8 message to employees, he acknowledged infidelity without naming her and linked it to the national security concerns raised in news reports. [31] Nvidia’s board has opened an independent investigation. [31] On November 5, the House Select Committee on China called Alice Huang a “publicly reported Chinese intelligence asset” and asked Jensen Huang to attend a briefing on November 18. [32] Nvidia announced on November 12 that its board had accepted his resignation the day before. [31]

Who saw it

Strip away the dinners and the photographs and what remains is a supply chain. Supply chains are run by people.

Somebody unpacked the boxes in Johor, or didn’t. Somebody filled out the customs declarations for servers that passed through Singapore without entering its market. [3] Somebody at a server maker took the orders. The Times reported in October 2025 that most of the advanced Nvidia equipment Megaspeed’s Malaysian subsidiary imported came from Aivres, a California company that the Times, citing the data platform WireScreen, identified as the U.S. subsidiary of Inspur. The United States placed Inspur on its Entity List in 2023 for supporting the Chinese military. Legal experts told the Times that because Aivres is based in California and records its sales as a U.S. company, it can buy Nvidia chips freely. Inspur and Aivres did not respond to the Times. [41]

Others had a view of the operation:

  • Engineers. The Times reports that Shanghai Shuoyao, another company in the network, sent large groups of Chinese engineers to work on the Malaysian project. [1]
  • Lenders. Finance-leasing companies bought servers and leased them to Century Litong, according to its filings. [16]
  • Staff. One Megaspeed employee spoke to a short-seller research firm. [40]
  • Accountants. Someone prepared the filings that showed assets rising from $33 million to $3 billion in a year. [6]

In 2025 the U.S. government expanded the areas in which it offers awards to people who report corporate wrongdoing. The Justice Department’s Corporate Whistleblower Awards Pilot Program now covers, among other things, corporate sanctions offenses and trade, tariff and customs fraud. [34] [35]

Congress is also considering a program aimed squarely at chip smuggling. The Stop Stealing Our Chips Act would create a whistleblower incentive program at the Commerce Department’s Bureau of Industry and Security for reports of export-control violations. The Senate passed it by unanimous consent on May 20, 2026. [36] The House Foreign Affairs Committee approved its version, 43 to 1, on April 22, 2026. [37] [38] It is not yet law.

The premise behind that bill is this: export controls are only as strong as the government’s ability to learn when they are broken, and the people who learn first are usually insiders.

The photograph again

Return to the restaurant in Singapore. The man with the wine glass built the most valuable chip company in the world and has now lost it. The woman beside him has been barred from Singapore and Taiwan, and is reported by Bloomberg to be living in Beijing. [3] Her husband, who made the introduction, has been detained and released. The Singaporean who owns her old company on paper cannot be found.

The chips are somewhere. Some are in Malaysia, some are reported to be in China, and some, by Nvidia’s own count, are unaccounted for. The governments of the United States, Singapore, Malaysia and Taiwan are still asking where.

The answer will most likely come the way such answers usually do: from someone who was there.

Jeff Newman Law is a national whistleblower law firm that handles whistleblower cases under the False Claims Act, including healthcare and tariff fraud matters, export control violations and other kinds of cases. Reach the firm at www.jeffnewmanlaw.com or 617-823-3217.

Sources

  1. Paul Mozur, Ana Swanson, Tripp Mickle and Michael Forsythe, “The Woman in the Middle of Nvidia’s Spy Scandal,” The New York Times, Nov. 10, 2026.
  2. Lingling Wei, “A Mystery Businessman Introduced Jensen Huang to His Paramour. It Was Her Husband.,” The Wall Street Journal, updated Nov. 12, 2026.
  3. Xinghui Kok and Rajasik Mukherjee, “Singapore barred Alice Huang from re-entry following investigation,” Reuters, Nov. 12, 2026 (quoting Singapore’s Ministry of Home Affairs).
  4. Singapore Ministry of Home Affairs, “Clarification statement on Wall Street Journal’s article,” Oct. 30, 2026. https://www.police.gov.sg/media-hub/news/2026/10/20261030_clarification_statement_on_wall_street_journals_article
  5. “What’s Megaspeed, the S’pore-based company formerly led by Alice Huang,” Mothership, Nov. 2026 (citing ACRA records, Lianhe Zaobao and CNA). https://mothership.sg/2026/11/what-is-megaspeed/
  6. “Swiftdata Lists Address Occupied by Interior Design Firm as Its Office,” Archyde, Nov. 2026 (reporting The Straits Times). https://www.archyde.com/swiftdata-lists-address-occupied-by-interior-design-firm-as-its-office/
  7. “Swiftdata Lists Address Occupied by Interior Design Firm,” Archynewsy, Nov. 2026. https://www.archynewsy.com/swiftdata-lists-address-occupied-by-interior-design-firm/
  8. “Nvidia’s Biggest Southeast Asian Partner Dogged by China Chip Smuggling Questions,” Bloomberg, Dec. 22, 2025. https://www.bloomberg.com/news/features/2025-12-22/nvidia-partner-megaspeed-draws-china-chip-smuggling-concerns-in-us — Megaspeed’s “permitted cloud activity” statement and Nvidia’s “substantially all” statement as summarized at https://www.mexc.com/news/327999
  9. “Nvidia says it cut off Megaspeed in 2025, but Bloomberg found later imports,” The Next Web, Nov. 2026 (reporting The Wall Street Journal and Bloomberg). https://thenextweb.com/news/nvidia-megaspeed-ban-gb300-imports-bloomberg
  10. “Nvidia CEO’s affair with alleged spy aided US$7.5 billion in China chip shipments, Information reports,” Reuters via The Standard, Nov. 10, 2026. https://www.thestandard.com.hk/innovation/article/348083/
  11. Same report, Reuters via HuffPost. https://www.huffpost.com/entry/nvidia-ceo-affair-china-chip-shipments_n_6af30b81e4b0a8468d8a9853
  12. “Alice Huang Helped Secure $7.5B in Nvidia Chips for China, Report Says,” The Energy Mag, Nov. 2026. https://www.theenergymag.com/news/market-news/nvidia-alice-huang-restricted-gpu-china
  13. “Malaysia to review possible re-export breaches in Nvidia spy scandal,” The Edge Malaysia, Nov. 12, 2026. https://theedgemalaysia.com/node/825505
  14. “Singapore Cloud Firm Megaspeed Faces Scrutiny Over Alleged Nvidia Chip Diversions,” Briefs.co, Nov. 2026 (citing The Edge Malaysia and The New York Times). https://www.briefs.co/news/singapore-cloud-firm-megaspeed-faces-scrutiny-over-alleged-n/
  15. “Explainer: How Malaysia was drawn into the global Nvidia AI chip controversy,” Newswav, Nov. 2026. https://newswav.com/article/explainer-how-malaysia-was-drawn-into-the-global-nvidia-ai-chip-controversy-A2611_MVuiHO
  16. Jiangsu Litong Electronic Co., response to Shanghai Stock Exchange inquiry letter (问询函专项说明), July 2025. https://file.finance.qq.com/finance/hs/pdf/2025/07/05/1224083002.PDF
  17. “利通电子，利润激增820%” (“Litong Electronic, profit up 820%”), Sina Finance, May 20, 2026. https://finance.sina.com.cn/wm/2026-05-20/doc-inhypxkf1641210.shtml
  18. 21st Century Business Herald (21jingji), June 29, 2026. https://www.21jingji.com/article/20260629/herald/f62867153e051fcadbf3c5c25fb43b02.html
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  23. “Pentagon adds Alibaba, Baidu, BYD to list of firms allegedly aiding Chinese military,” Anadolu Agency, June 9, 2026. https://www.aa.com.tr/en/americas/pentagon-adds-alibaba-baidu-byd-to-list-of-firms-allegedly-aiding-chinese-military/3960869
  24. “黃樂被指早年夫妻檔經商 Megaspeed借殼「去中國化」,” Ming Pao, Nov. 11, 2026 (citing Caixin). https://news.mingpao.com/pns/%E8%A6%81%E8%81%9E/article/20261111/s00001/1794329461719/
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  27. Cryptopolitan, Nov. 2026 (quoting an Nvidia spokesperson). https://www.cryptopolitan.com/trumps-howard-lutnick-refuses-to-blacklist-company-of-nvidia-jensen-huangs-mistress/
  28. Drop Site News, Nov. 2026 (summarizing the Financial Times). https://x.com/DropSiteNews/status/2120600116910276798
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  30. JL Zhang, “What We Know About Jensen Huang’s Affair With a Suspected Chinese Agent,” GoldSea, Nov. 9, 2026 (summarizing The New York Times). https://goldsea.com/article_details/what-we-know-about-jensen-huangs-affair-with-a-suspected-chinese-agent
  31. “The unfolding Jensen Huang scandal: a timeline,” TechCrunch, Nov. 12, 2026. https://techcrunch.com/2026/11/12/nvidia-ceo-jensen-huangs-affair-with-alleged-chinese-spy-a-timeline/
  32. “What is Megaspeed, the Singapore firm linking Jensen Huang and Alice Huang,” t2online (Reuters), Nov. 2026. https://t2online.in/tech/tech-news/what-is-megaspeed–the-singapore-firm-linking-jensen-huang-and-alice-huang/2009165
  33. “US senator seeks Commerce Department investigation into Singapore-based Megaspeed,” Reuters via StreetInsider, Oct. 2025. https://www.streetinsider.com/Reuters/US+senator+seeks+Commerce+Department+investigation+into+Singapore-based+Megaspeed/25449176.html
  34. U.S. Department of Justice, Criminal Division, Corporate Whistleblower Awards Pilot Program. https://www.justice.gov/es/node/2085076
  35. The Employment Law Group, “Whistleblowers Welcomed: DOJ’s Corporate Whistleblower Award Program Adds New Categories,” Jan. 7, 2026. https://www.employmentlawgroup.com/in-the-news/articles/whistleblowers-welcomed-dojs-corporate-whistleblower-award-program-adds-new-categories/
  36. S. 1473, Stop Stealing our Chips Act, 119th Congress, Senate action of May 20, 2026. https://wtfvote.us/bill/119-s1473
  37. House Select Committee on the CCP, “Moolenaar Backs House Committee’s Passage of Export Control Legislation…,” Apr. 2026. https://chinaselectcommittee.house.gov/media/press-releases/moolenaar-backs-house-committee-s-passage-of-export-control-legislation-to-counter-ccp-threats
  38. H.R. 6322, Stop Stealing our Chips Act, 119th Congress, committee action of Apr. 22, 2026. https://www.billsponsor.com/bills/782918/house-bill-6322-congress-119
  39. “What we know so far about Nvidia partner Megaspeed’s Asia footprint,” Jingletree (republishing CNBC), Nov. 12, 2026. https://jingletree.com/what-we-know-so-far-about-nvidia-partner-megaspeed-s-asia-footprint-306188.html
  40. Culper Research, “NVIDIA (NVDA): The China Problem,” May 13, 2026 (short-seller report; Culper held a position against Nvidia). https://culperresearch.com/wp-content/uploads/2026/05/Culper_NVDA_5-13-2026.pdf
  41. Ana Swanson, Tripp Mickle, Paul Mozur and Mara Hvistendahl, “A Mystery C.E.O. and Billions in Sales: Is China Buying Banned Nvidia Chips?,” The New York Times, Oct. 9, 2025 (print edition Oct. 10, 2025, Section A, Page 8).