Firm linked to Jensen Huang's ex-lover reportedly brokered nearly $12 billion in Nvidia chip orders for China

Documents reviewed by the Wall Street Journal indicate Megaspeed, owned by Alice Huang, the former lover of since-ousted Nvidia CEO Jensen Huang, arranged nearly $12 billion in Nvidia high-performance chip orders for Chinese companies between March 2024 and June 2025, covering several hundred thousand chips the US sought to keep out of China through export controls. Megaspeed reportedly gained preferential access to scarce AI chips as an Nvidia cloud partner, apparently because it counted Alibaba as a major client. Nvidia officially reported $12.4 billion in China revenue over six months (7 percent of total revenue), while short-selling firm Culper Research estimates more than 20 percent of Nvidia's revenue in the last fiscal year came from Chinese customers.