U.S. memo says China recruits Megaspeed exec to spy on Nvidia CEO, TechCrunch reports

A Megaspeed executive was recruited by China’s Ministry of State Security to spy on Nvidia’s CEO earlier this year, according to a U.S. intelligence memo cited by TechCrunch. The claim targets the most valuable chipmaker driving the global AI boom, raising fresh alarm over corporate espionage amid escalating U.S.-China tech tensions. Any breach of Nvidia leadership could have implications for supply chains, export controls, and the balance of power in advanced semiconductors.

TechCrunch reports the memo describes a female technology executive allegedly tasked to collect information on the CEO, though it remains unclear whether any access occurred or whether authorities have opened a case. Details on the executive’s identity and the scope of the tasking were not immediately available, and the status of any investigation is unknown, TechCrunch reports. Watch for official statements from Nvidia, Megaspeed, and U.S. authorities, and any corroboration or charges stemming from the memo. [Developing. This article will be updated.]