Bloomberg traces restricted Nvidia servers to a Shanghai data center tied to Alice Huang’s former company

Documented: On November 13, 2026, Bloomberg News reported that corporate filings showed servers containing U.S.-restricted Nvidia chips installed at Shanghai’s Yangtze River Delta Project, a facility with documented ties to Megaspeed International. A subsidiary of Shanghai Longteng Intelligent Computing, a firm Alice Huang (also known as Huang Le) founded, listed the equipment among 193 servers pledged as collateral for financing in January 2025, valued at about 485 million yuan ($73 million). The collateral included 22 Dell Technologies servers with Nvidia H800 chips and 52 Super Micro Computer servers containing H100 or H200 chips. Bloomberg said the filings did not state how the chips were obtained or whether Alice Huang was personally involved. She relinquished her Shanghai Longteng shares in 2017; Huang Yu, identified by The Information as her sister, remained majority owner until January 2026.

A person familiar with the matter told Bloomberg that the Dell servers were originally sold to Singapore-based Aperia Cloud Services, then an official Nvidia Cloud Partner. Dell told Bloomberg it stopped all sales and support to Aperia International in February 2025 over unauthorized diversion concerns. Super Micro said it sold the identified servers in compliance with U.S. export rules and had no affiliation with the Shanghai facility. Megaspeed, which Alice Huang founded in 2023, used a rendering of the Shanghai project in a 2024 investor presentation, Bloomberg reported. The filings do not prove she directed the shipment.

Documented separately: Singapore has charged Aperia Group executives and related companies over alleged false end-user representations when buying servers from Dell, Super Micro, and Asus that may have contained Nvidia chips. Reuters reported on November 13, 2026 that a fifth person was charged in that case. BBC and The Straits Times reported earlier that police alleged servers were bought under false pretenses and that at least some were exported onward to Malaysia; authorities have not publicly confirmed a final destination in China. Aperia’s CEO has pleaded not guilty. Aperia has denied wrongdoing.

Claimed, not adjudicated: U.S. officials have assessed that Alice Huang is, or was, a Chinese intelligence asset who developed a close personal relationship with then-Nvidia CEO Jensen Huang, according to reporting by The New York Times and subsequent accounts in CNBC, Axios, BBC, and Politico. House Foreign Affairs Chairman Brian Mast, Select Committee on China Chairman John Moolenaar, and House Intelligence Chairman Rick Crawford asked Jensen Huang for a closed-door briefing on those reports and on Nvidia’s counter-espionage protocols. After a classified briefing, Rep. Jim Himes told Politico he still did not know whether Alice Huang knowingly gathered information for Beijing or was a “useful idiot.” China’s foreign ministry has called the spy allegation unsubstantiated smears. Nvidia has said contacts between the two Huangs were routine business interactions; they are not related. Jensen Huang has admitted an affair after previously denying a personal relationship, and Nvidia’s board opened an investigation. Bloomberg and other outlets also reported this week that he stepped down as CEO, with CFO Colette Kress named interim.

Documented context on the gray market: Megaspeed became one of Nvidia’s largest Southeast Asian buyers, importing billions of dollars of Nvidia technology while renting capacity in the region to Chinese customers—an arrangement that does not, by itself, violate current U.S. rules, according to the Atlantic Council’s account of the case. Bloomberg has previously reported that Megaspeed’s imports exceeded the inventory Nvidia said it verified at regional data centers, including a shortfall of about 50,000 units versus partner sales records, and that Malaysian trade records showed later GB300 imports after Nvidia said it had cut the firm off. The New York Times reported that a Commerce Department probe of suspected Megaspeed diversion was halted after Nvidia’s general counsel intervened, and that a Justice Department criminal inquiry continues. Megaspeed denies wrongdoing. No charges against Alice Huang or Megaspeed for chip smuggling have been reported as filed.

What remains speculative: that Alice Huang personally arranged the Shanghai collateral transaction, that the Aperia servers and the Longteng collateral are the same physical machines end to end, and that any information she may have obtained from Jensen Huang changed U.S. export policy or Nvidia’s shipments. The documented chain is narrower: restricted chips sold into Singapore intermediaries under investigation for false end-user claims later appear in Chinese corporate filings tied to a company she once controlled, at a project her later firm promoted, while U.S. intelligence suspicions about her remain untested in public.