Nvidia China Chip Sales Report Puts Figure at $7.5 Billion

By Grace Kim

At least $7.5 billion in Nvidia chips reached Chinese customers through companies linked to Alice Huang, according to a Reuters summary of a paywalled The Information report published Tuesday. The Information put the total above $7 billion.

The Information linked the sales to Nvidia CEO Jensen Huang’s yearslong relationship with Alice Huang. Reuters cited two people who know her. She is a former Megaspeed executive whom U.S. officials reportedly suspect of working for Chinese intelligence. China has called the allegation “a smear.” The two Huangs are not related. Reuters said it could not independently verify the report.

What did the reported chip network involve?

The Information described a network of companies in China and Singapore that Alice Huang, her husband and her sister built to acquire Nvidia chips.

At its center was Shanghai Century Litong, founded in June 2023. It became an Nvidia preferred cloud partner by October, giving it priority access to chips. A founding shareholder ultimately controlled by Alice Huang’s sister, Huang Yu, linked the company to the family. That shareholder exited in 2024.

Century Litong rented computing capacity and ran data centers with Nvidia chips, including some that may not be sold into China.

When orders for export-restricted chips stalled, the report says, Alice Huang used her ties to Nvidia and its distributors to help move about 240,000 H100, H200 and some A100 chips into China. Some reached Alibaba, Tencent and smaller Chinese AI laboratories.

Megaspeed is a Singapore-registered Nvidia customer. U.S. authorities have investigated it over shipments from Southeast Asia to China. It obtained chips by renting capacity in Southeast Asian data centers to Chinese customers. It also physically shipped hardware into China. Hardware from Speedmatrix, the Malaysian subsidiary Megaspeed set up in 2024, later reached Century Litong, according to the report.

Alice Huang, also known as Huang Le, used her relationship with the Nvidia CEO to lend herself credibility while remaining vague about her role and avoiding a paper trail. Megaspeed denies wrongdoing. Company inspections found no evidence of violations, the company says.

How much China revenue is at issue?

Huang said in October 2025 that Nvidia was “100% out of China.” The company separately said H200 shipments to China were less than 1% of data center revenue in the quarter that ended in July.

China, including Hong Kong, accounted for about 9% of Nvidia’s revenue in the last fiscal year and 8% in the most recent quarter. Before the 2022 export controls, the region supplied nearly one-quarter of revenue.

Since 2025, Nvidia has categorized regional sales by customer headquarters and stopped reporting Singapore separately. These are Nvidia’s reported regional revenue shares, not a measurement of the reported network.

What remains unverified?

No publicly available reporting establishes whether the shipments broke export rules. The Information’s dollar figure covers chips moved through the reported network. Reuters’ summary does not explain how the total was calculated.

Nvidia did not immediately answer a request for comment. Alibaba, Tencent, Megaspeed and Century Litong were not immediately available. The public reporting also does not specify how the dollar figure relates to Nvidia’s recognized revenue.

What public appearances has Huang dropped?

ElevenLabs, which Nvidia has invested in, confirmed Monday that Huang will not appear at its ElevenLabs Summit in New York on Wednesday. The company is a voice AI vendor. Huang has withdrawn from the Anthropic CEO Forum and other speaking engagements.

What is Nvidia’s investigation examining?

Nvidia’s board is running an independent investigation into whether Huang was targeted by a foreign intelligence effort. President Donald Trump said the FBI is looking into the matter. Nvidia shares fell more than 4% on Monday after the board announced the probe.

MLQ.ai cited Bloomberg reporting that Nvidia’s top lawyer asked the Commerce Department about Alice Huang’s detention before the Megaspeed probe stalled. It also noted a shareholder lawsuit filed Monday and a push to write China chip limits into the defense bill.

Three House committees have requested closed-door briefings with Huang. Their chairmen asked for Nov. 18, the day after Nvidia reports quarterly results. Nvidia’s Nov. 18 results will provide the next public measure of China demand after a reported network supplied about 240,000 advanced chips to local buyers.