Why Nvidia's CEO Is Suddenly Under Investigation!
"Reporters found empty offices and ties to blacklisted firms among buyers Commerce had already approved."Three House committees want Jensen Huang to explain his relationship with a woman U.S. intelligence reportedly identified as a Chinese spy. On this Outside Money, Cory Klippsten follows the money underneath it. Nvidia wanted to keep selling H200 chips to China, and Commerce had arranged for the U.S. to collect a 25% tariff on them.
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Reports say U.S. intelligence concluded China's Ministry of State Security had recruited Huang Lei, the former top executive at Megaspeed, one of Nvidia's big customers in Singapore. According to the Times, officials who inspected Megaspeed's Malaysian data center in late 2024 were concerned that Nvidia equipment was still sitting in boxes, a possible sign it was being held for shipment somewhere else. Culper Research, which disclosed it was short Nvidia, published financial statements showing Megaspeed's assets grew from $33 million at the end of 2023 to almost $3 billion a year later.
The Times also reported empty offices at two Chinese companies Commerce had approved: MagInfra, which shared personnel and patents with the blacklisted Inspur, and New Matrix, whose owners had ties to Wise Road, already on the American trade blacklist.
Did Lutnick's department miss those connections, or did it approve the sales while knowing about them?
Chapters
0:00 Three House committees
0:26 Outside Money
0:40 Huang Lei and Megaspeed
1:34 Nvidia equipment in boxes
1:56 Senator Cotton's letter
2:16 H200 sales and the 25% tariff
2:40 The Culper report
3:18 MagInfra and New Matrix
4:02 Nvidia's board and Congress
4:30 The economic story
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