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00:02NVIDIA CEO Jensen Huang's alleged affair with a Chinese businesswoman suspected of spying for
00:08Beijing facilitated shipments of at least $7.5 billion in NVIDIA chips to Chinese companies,
00:15according to Reuters. The information reported the story on Tuesday,
00:19citing two people familiar with Alice Huang. Alice Huang and her family reportedly built
00:24a network of companies in China and Singapore to acquire the chips.
00:28Shanghai Century Litong, a company at the center of the network,
00:32secured preferred cloud partner status with NVIDIA in October 2023,
00:37gaining priority access to its chips. Alice Huang reportedly used her ties to NVIDIA
00:42and its distributors to secure about 240,000 chips for shipment to China after orders stalled due
00:49to U.S. export restrictions. NVIDIA did not immediately respond to Reuters' request for
00:54comment. Alibaba, Tencent, Megaspeed, and Shanghai Century Litong were unavailable for comment
01:00outside regular business hours. NVIDIA shares closed down more than 4% on Monday after its board
01:06launched an investigation. The FBI is also investigating the matter.
01:10For all things money, visit Benzinga.com.
