Beijing dismissed a report on Friday, October 30, 2026, that claimed Nvidia boss Jensen Huang was targeted by a Chinese spy plot. Foreign Ministry spokesman Guo Jiakun said, "The report in question is based on groundless speculation." Nvidia also said its interactions with the firm involved were normal business, not secrets.
Beijing dismissed as "groundless speculation" on Friday (October 30, 2026) a report that said Jensen Huang, head of U.S. chip giant Nvidia, was the target of a Chinese spy plot.
The article by The New York Times, published on Thursday (October 29, 2026), said that U.S. intelligence officials concluded that a Chinese executive linked to a Singapore-based data centre company had been funnelling information to Beijing.
"The report in question is based on groundless speculation and is nothing more than an attempt to smear China," Foreign Ministry spokesman Guo Jiakun said at a regular briefing.
China is in a race for tech dominance with the United States, which restricts the export to China of the most cutting-edge silicon chips, designed by industry leader Nvidia and used to train and run AI models.
The data centre company, Megaspeed, was under scrutiny for possibly steering Nvidia AI chips to China, the report said, citing unnamed sources briefed on the matter.
But the executive Alice Huang — also known as Huang Le, and no relation to 63-year-old Taiwanese-born Jensen Huang — developed a close relationship with the Nvidia boss, the New York Times said.
That could have given her insights into U.S. President Donald Trump's thinking around AI, an issue likely to arise during talks with China's President Xi Jinping next month.
Mr. Trump was briefed on the intelligence findings roughly a year ago and chose not to act on the information, the report said.
Nvidia is the world's most valuable company thanks to the global drive to build data centres packed with specialist computer chips and other hardware that runs AI systems.
An Nvidia spokesperson told AFP on Friday (October 30, 2026) that Megaspeed was like any other regional customer and "Jensen's interactions with Ms. Huang are not unusual or unexpected".
"Our regional cloud customers receive ordinary business information — not sensitive NVIDIA trade secrets — and zero information relevant to national security," they said.
The spokesperson added that allegations the Singaporean company was smuggling chips to China "were thoroughly investigated and debunked last year".