Rubio Memo Summarized Intelligence on Former Megaspeed CEO Alice Huang.

U.S. intelligence officials have not concluded that former Megaspeed CEO Alice Huang spied for Beijing, while a classified memo circulated to senior officials summarized her relationship with Nvidia CEO Jensen Huang.

The communications were intercepted this spring between Huang and a U.S. person whose name was initially withheld. Officials sought senior-level approval to reveal the American’s identity and later identified him as Jensen Huang. The messages indicated an extramarital relationship. Requests to identify people masked in intelligence reporting are rare and subject to review by high-ranking officials.

Secretary of State and national security adviser Marco Rubio prepared a classified memo summarizing the intelligence and sent it to a small group of senior officials, including people at the White House. The memo was intended to alert officials who dealt with Jensen Huang, rather than being prepared specifically for President Donald Trump. Rubio also briefed Trump aboard Air Force One while traveling to China in May. Jensen Huang joined the U.S. delegation later in Alaska.

Officials disagreed over what the intelligence showed. Some officials in the Office of the Director of National Intelligence (ODNI) viewed describing Alice Huang as a Chinese spy as inaccurate and too strong. Other administration officials regarded her access to Jensen Huang, and potentially to Trump through him, as a counterintelligence risk even if she had not passed anything. The FBI has investigated her relationship with Jensen Huang for at least a year.

Trump said Nov. 9 that he had not known about the matter beforehand. Attorney General Todd Blanche said Thursday, Nov. 12, that the Justice Department and FBI had not reached a conclusion about Huang. Singapore’s Ministry of Home Affairs said its investigation concerned false declarations tied to server procurement, not espionage.

Megaspeed is a major buyer of Nvidia chips, and the Justice and Commerce departments began investigating the company in 2024. White House officials have questioned why the Commerce Department did not place Megaspeed on the entity list while the investigation was ongoing.