Megaspeed inquiry was moved after Nvidia contacted Commerce officials
A Commerce Department inquiry into Megaspeed, the Nvidia chip buyer at the centre of the Jensen Huang affair, was transferred to the Justice Department after an Nvidia executive reached out, according to the New York Times.
Source published · In the Daily Brief of 10 November 2026
Filed under AI industry, AI policy
Megaspeed is a Singapore company that bought advanced Nvidia chips and faced claims last year that it shipped them into China. The New York Times reported that a woman with whom Jensen Huang, Nvidia’s chief executive, has acknowledged an intimate relationship was a former executive there, and that US intelligence concluded she was gathering information for Beijing. According to the newspaper, the Commerce Department’s inquiry into the company was handed to the Justice Department after a top Nvidia executive contacted officials.
Donald Trump said on Monday that the FBI was looking into the matter and that Huang had told him he had no idea the person was a spy. China’s foreign ministry called the allegations unsubstantiated. Nvidia’s board has opened its own investigation and said it has no reason to believe national security or company secrets were compromised. Nvidia shares fell 4.3% on a day the wider market rose sharply.