US authorities have alleged that Alice Huang, a former Megaspeed International executive, acted as a Chinese intelligence asset in connection with her relationship with Nvidia’s Jensen Huang, but no public charges or arrest warrant have been issued as of mid-November 2026. Singapore authorities questioned her in 2025 over Megaspeed’s export activities, issued a stern warning for inaccurate statements, and barred her re-entry without pursuing espionage claims. She is now reported in Beijing. The DOJ has stated it has not concluded she engaged in espionage, and the market’s low implied probability reflects the absence of formal indictments, her location outside US jurisdiction, and the time typically required for complex export-control or national-security cases to reach arrest. A November 18 congressional briefing on related matters could provide additional procedural clarity.