U.S. intelligence agencies are investigating Alice Huang, a Chinese national associated with former Nvidia CEO Jensen Huang. Existing intelligence is insufficient to prove that she is engaged in espionage, and the intelligence community is divided. Some officials believe the available evidence cannot characterize her as a spy, nor can it confirm that she intended to pass information to state-level actors. However, some Trump administration officials believe that her close relationship with Jensen Huang gives her access to Nvidia's core business, constituting a clear counterintelligence risk. Both the U.S. Attorney General and Trump have stated that the investigation has not yet reached a conclusion. The investigation has also extended to Alice Huang's Singapore-based company Megaspeed, an important buyer of Nvidia chips. Since 2024, the U.S. side has suspected that the company has been transshipping restricted Nvidia chips to restricted regions through overseas shell companies, and the White House is pressing the Commerce Department over why it had not previously placed the company on the Entity List. The FBI has been investigating the relationship between Jensen Huang and Alice Huang for at least a year, and it remains unclear whether she was involved in suspected leaked communications. Relevant members of Congress said it is currently unclear what relationships all parties have with the Chinese government and whether any exchange of information exists.