Nvidia lawyer contacted Commerce during the Megaspeed chip probe

Nvidia's general counsel Tim Teter contacted a senior Commerce Department official in 2025 while US investigators were looking into Megaspeed, the chip buyer linked to the Jensen Huang scandal. Bloomberg reported it on 9 November, and Silicon UK summed up the details on Tuesday. Nvidia shares closed 4.27% lower on Monday, the first trading day after Huang admitted an affair.

What Nvidia's lawyer did

According to Bloomberg, Teter called Under Secretary Jeffrey Kessler in late summer 2025. He asked whether the US administration had played a role when Singapore questioned Alice Huang, a Megaspeed executive, and barred her from leaving the country. Kessler's Bureau of Industry and Security had nothing to do with Singapore's action.

Teter then emailed BIS investigators and asked one of them for a meeting, saying Kessler had allowed him to talk to staff directly. The employee declined and forwarded the emails to Kessler, who told the team to handle the case by the book. In the following weeks, Bloomberg reports, BIS staff had to clear Nvidia-related requests with Kessler.

Nvidia told Bloomberg that Teter did not know about Huang's affair at the time. The company says it talks to officials to provide information and seek guidance.

Where the Megaspeed probe went

The Commerce Department moved the case to the Justice Department in 2025, and the New York Times reports that a criminal case is still open. The Times also writes that other agencies proposed putting Megaspeed on the Entity List, a US trade blacklist, and Commerce did not act. Nobody has shown that Nvidia caused the transfer, as IBTimes notes.

“may have delayed efforts to stop advanced semiconductor shipments to Megaspeed”

— US officials cited by The New York Times, The New York Times

Quote source: IBTimes, citing The New York Times, 10 November 2026.

The Commerce Department says it handled the case in accordance with regulations, and an official said Kessler never ordered agents to share information or meet Nvidia. Megaspeed says it is running its own internal investigation into possible chip diversion and has offered to cooperate with US authorities. Singapore's government said it had not investigated Alice Huang's alleged intelligence ties or her relationship with Huang.

Shares and analysts

Nvidia had a market cap of nearly $4.5 trillion before the weekend, even after last week's crash. On Monday rival chipmakers went the other way: AMD rose 13.26%, Marvell 9.49% and Broadcom 8.78%, CNBC reported.

Dan Ives of Yorkville Ives called talk of replacing Huang "comedy" and said Nvidia stays two to three years ahead of China in AI chips. Joachim Klement of Panmure Liberum expects the damage to stay with Nvidia unless Huang's job comes under threat. China's Foreign Ministry again rejected what it called the "so-called Chinese spy narrative."

Our scandal timeline covers everything up to Monday morning. If you hold Nvidia, the next dates stay the same: results on 17 November and the House briefing Huang was asked to attend on 18 November. Nvidia has still not said whether he will go, and the board has given no date for its investigation.

Based on Bloomberg and The New York Times as reported by Silicon UK, IBTimes and CNBC, checked on 10 November 2026. No authority has charged Jensen Huang or Alice Huang. This is not investment advice.