China on Monday dismissed claims of a Chinese espionage plot targeting Nvidia CEO Jensen Huang as an unsubstantiated smear campaign.
The New York Times reported that Mr. Huang developed a close relationship with Alice Huang, a Chinese citizen and former executive at Singapore-based data center firm Megaspeed International. She is not related to Mr. Huang.
Citing people briefed on U.S. intelligence, The Times reported that U.S. officials believed Ms. Huang was gathering information for Beijing. The newspaper reported in 2025 that the Commerce Department was investigating whether Megaspeed helped Chinese companies evade U.S. export limits on restricted artificial intelligence chips.
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Chinese Foreign Ministry spokesperson Guo Jiakun rejected the allegations at a news briefing Monday, calling them “unsubstantiated” and “nothing but smears against China.”
Mr. Huang acknowledged an extramarital relationship in a letter posted on Nvidia’s website, without naming the woman. He apologized to his wife and the company and pledged to cooperate fully with an investigation.
Nvidia said Sunday that a committee of independent directors and outside legal counsel would oversee an internal probe into whether Mr. Huang was the target of a foreign intelligence effort. The board said it had no grounds to conclude that Nvidia’s confidential information was compromised.
Nvidia shares fell about 5% in premarket trading Monday.
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