Hong Kong passport travels bring Alice Huang into Taiwan as authorities investigate her ties to Nvidia (NASDAQ: NVDA) chief executive Jensen Huang.
Nvidia Shares Fall Following Probe into Jensen Huang
- Nvidia shares fell more than 6 per cent following a 4.3 per cent drop on Monday, according to The Business Times.
- Nvidia’s board announced on November 8 that it had opened a probe into Jensen Huang.
- The Business Times said that the FBI is simultaneously looking into whether the 63-year-old Huang became the target of an overseas intelligence plot.
Accused Spy Used Hong Kong Passport to Enter Taiwan
According to The Straits Times, the island’s immigration service stated on November 11 that the woman alleged to have spied for China amid a romantic involvement with Nvidia chief Jensen Huang had utilized a Hong Kong travel document to cross into Taiwan while officials probe the matter.
Jensen Huang has admitted to having an affair, reportedly with Alice Huang, a Chinese former executive at Singapore-based Megaspeed who US officials believe was working for Chinese intelligence. Beijing has rejected the spying allegations.
Nvidia’s board announced on November 8 that it had opened a probe into Jensen Huang, the company’s chief executive and co-founder, who is no relation to Alice Huang.
“Our government’s relevant agencies are fully informed of the relevant records and information,” National Immigration Agency Director-General Lin Horng-en told reporters, confirming that Alice Huang had used a Hong Kong passport to enter Taiwan. “We were aware of all her relevant entry and exit records.”
It is generally easier for Hong Kong passport holders to enter Taiwan than those with mainland Chinese passports, who must also apply for special permission to travel there. The additional restrictions are partly due to the complex relations between China and Taiwan, which Beijing claims and has vowed to bring under its control.
Border Controls Under Parliamentary Review
Taiwan’s Interior Minister Liu Shyh-fang said Alice Huang “did indeed enter the country, but she is currently overseas”. “If we had known she was a spy, we certainly would not have let her enter Taiwan,” Liu told lawmakers in Parliament. “We will review our procedures, specifically our pre-screening, interim spot checks and interviews, and post-visit measures.”
“. Employees inside the company described the mood at the chipmaking giant as ‘sad.’”@seemacnbc @CNBC $NVDAhttps://t.co/hFIKSeXi51 pic.twitter.com/BDS1bpGRuL
“As far as we understand, this Ms Huang has had her permit revoked, meaning it is impossible for her to enter Taiwan again,” Liu told Parliament. On November 10, Liu said Taiwan’s “national security units are actively investigating the matter”.
Alice Huang, also known as Huang Le, was seen at a dinner in May 2025 hosted by Jensen Huang at a Chinese restaurant in Taipei during Computex, the island’s top tech expo. Journalists stood outside the restaurant filming through glass windows and doors as Jensen Huang and a woman identified as Alice Huang, who was wearing a pink dress, mingled with other attendees.
President Trump is defending $NVDA CEO Jensen Huang after speaking with him about the espionage allegations. “I spoke to Jensen today. He told me he had no idea that woman was a spy and I really believe him.” pic.twitter.com/HlOw0XWvO0
Nvidia Loses Market Value Amid Investigation into CEO Affair
Nvidia shares extended losses on Tuesday, November 10, putting the chip giant on track to shed more than US$470 billion in market value over two sessions as concerns mounted over the fallout from CEO Jensen Huang’s affair with a Chinese businesswoman alleged to be a spy for Beijing, The Business Times reported. Nvidia’s board launched an independent investigation on Sunday, November 8, and retained former acting US Attorney Joon Kim and law firm Wachtell, Lipton, Rosen & Katz to lead the company’s investigation.
Nvidia’s shares fell more than 6 per cent following a 4.3 per cent drop on Monday, allowing Microsoft to briefly overtake the artificial intelligence bellwether as the world’s second-most valuable company for the first time since June 2025, according to The Business Times.
“The investment debate is whether this remains company-specific or triggers restrictions and disruption across AI infrastructure,” Bank of America analysts wrote in a note cited by The Business Times.
| Metric | Details |
|---|---|
| Market Value Impact | On track to shed over US$470 billion across two sessions (The Business Times) |
| Share Price Movement | Fell more than 6% after a 4.3% drop on Monday (The Business Times) |
| Board Investigation Start | Announced on November 8 |
Alice Huang, in her 40s, was a major shareholder and senior executive at Shanghai Hexi Investment, founded by veteran fund manager Kang Wei, Caixin Global reported. She and Kang were married and worked on gaming and data-center deals involving Zhejiang Century Huatong and 7Road before she moved to Singapore’s data-center firm Megaspeed, according to Caixin Global.
Jensen Huang Apologizes to Employees During Morning Meeting
Jensen Huang walked into the chipmaker’s Santa Clara, California, headquarters on Monday and conducted his regular morning meeting with top-level executives, people familiar with the meeting told CNBC. On Sunday, Huang had disclosed an extramarital affair to employees, and kicked off the closed-door gathering by addressing his infidelity and sharing how sorry he was to his staff, according to CNBC.
Yes, this is a sensational story, but put the tabloids aside for a second. Donald Trump is selling America’s security to our foreign adversaries. In the spring, Marco Rubio warned senior Trump officials that Jensen Huang, CEO of Nvidia, was involved with a woman U. S.…
“I know an apology cannot undo what I have done,” he wrote, according to CNBC. “I hope our family will heal and that, over time, I can earn back your trust.” Employees inside the firm described the mood to CNBC as “sad,” with longtime employees viewing Jensen Huang as an idol who could do no wrong.
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice.
Earlier coverage: Nvidia CEO Jensen Huang Scandal: Alleged Affair With Chinese Spy Sparks Market Chaos and Espionage Probe
