Trump ignored intel on China’s Nvidia spy to protect company’s stock, report says

US President Donald Trump allegedly ignored intelligence about a Chinese spy plot targeting Nvidia CEO Jensen Huang, partly to protect the company's stock, according to a report by The New York Times. The alleged spy, Alice Huang, a former top executive at a Singapore cloud company called Megaspeed, had access to high-end Nvidia chips and may have used her closeness to Jensen Huang to feed China intelligence on Nvidia and influence Trump's thinking on AI. US investigators had suspected Alice Huang of helping China evade export controls, but it was alarming to discover her direct access to Jensen Huang. Trump's inaction was reportedly due to fears of harming Nvidia's chip sales or disrupting the US-China trade truce. Alice Huang's name was removed from Megaspeed corporate documents after increased US scrutiny, but it is unclear how closely she is still connected to the company. The Chinese Embassy in Washington, DC, dismissed the US accusations as baseless and accused the US of pursuing a campaign of 'groundless smears'.