Banned Nvidia chips were installed at a Shanghai data center tied to companies founded by Alice Huang, Bloomberg News reported on Nov. 13, 2026, citing corporate documents and people familiar with the transactions. The hardware surfaced in an unlikely place: loan paperwork a Chinese company filed with its own government, listing 193 servers pledged as collateral in January 2025.
Huang is the Megaspeed executive at the center of the scandal that ended Jensen Huang’s run as Nvidia chief executive. He resigned on Nov. 12, and chief financial officer Colette Kress was named interim CEO, MLQ reported. The new findings move the story from relationships and revenue toward a narrower question: how hardware that Washington bars from China ended up running in Shanghai.
Loan filings put banned Nvidia chips in Shanghai
According to Bloomberg’s report, as summarized by several outlets, a subsidiary of Shanghai Longteng Intelligent Computing pledged the 193 servers, valued at 485 million yuan, or about $73 million, as collateral for loans. The disclosure went to the People’s Bank of China credit registry, and it listed what was inside the machines.
The filings described three generations of restricted Nvidia hardware:
- 22 Dell servers carrying Nvidia H800 chips, which the US restricted from export to China in 2023.
- 52 Super Micro servers with Nvidia H100 or H200 chips, which cannot be sold to Chinese buyers without a US license.
Earlier links between the Shanghai facility and Megaspeed rested mainly on investor presentations and corporate material. The loan documents, by contrast, place the hardware physically inside the site, according to MLQ’s account of the Bloomberg findings.
How the Dell servers left Singapore
Some of the equipment was originally bought by Aperia Cloud Services, a Singapore-based company that was then an official Nvidia Cloud Partner. Bloomberg traced the 22 Dell servers with H800 chips from Aperia to the Shanghai facility, Hromadske reported.
Dell said it “halted all sales and support to Aperia International in February 2025 due to concerns about chip smuggling.” That was the same month Singapore arrested Aperia’s chief executive, according to a summary of the Bloomberg story on economist Edward Conard’s Macro Roundup. Wccftech reported that the Aperia CEO faces fraud charges tied to smuggling Nvidia GPUs to China.
Aperia has denied wrongdoing. Nvidia has said Aperia was no longer an active customer by the time its CEO was arrested.
Shanghai Longteng and the Alice Huang connection
The chain to Alice Huang runs through ownership records. She founded Shanghai Longteng about a decade ago and gave up her stake in 2017. After that, a shareholder identified as her sister, Huang Yu, held majority ownership until January 2026, a period that covers the month the servers were pledged as collateral.
The data center itself is called the Yangtze River Delta Project, Engadget reported. Its president is Kang Wei, who has been reported to be Alice Huang’s husband and the person who introduced her to Jensen Huang. Megaspeed showed investors a rendering of the facility in 2024 and described it as the firm’s largest AI facility.
The documents have limits. They do not establish whether Alice Huang personally arranged or took part in the purchases, and they do not establish espionage. US authorities have investigated suspicions that she was involved in Chinese intelligence activities, while Wccftech cited reports suggesting the US intelligence community is unconvinced she was a spy. Megaspeed, which is under US investigation over suspected chip smuggling, has denied the allegations.
Export controls and the company responses
Techzine, summarizing the report, described the shipments as a violation of US trade restrictions. No US authority has publicly ruled on these specific servers, and no charges tied to the Shanghai facility have been reported.
The companies named in the filings responded in different ways:
- Nvidia declined to comment on the latest findings.
- Super Micro said its sales complied with applicable US export controls and that it did not directly sell such systems to the Chinese companies involved.
- Dell pointed to its February 2025 cutoff of Aperia.
- Aperia denied wrongdoing and, per MLQ, did not answer questions about the hardware or any links to Alice Huang.
The report also revisits a past statement. In May 2025, Jensen Huang said there was no evidence that Nvidia chips were being diverted. Nvidia’s board has since said it has no reason to believe company secrets or US national security were compromised, and there has been no public finding that Jensen Huang broke export-control laws.
Congress and the Commerce Department
No public response from the Commerce Department to the Bloomberg findings had been reported by Nov. 14. Jensen Huang is due to testify before Congress this month, Engadget reported, and the Shanghai filings are likely to be examined in the run-up to that appearance.
Wccftech reported that US lawmakers are also advancing legislation to stop Chinese AI companies from accessing restricted chips remotely. The debate over banned Nvidia chips widened this week when TechCrunch reported on research claiming that leading Chinese open-weight AI models bear fingerprints of training on Nvidia’s Blackwell GPUs, which are barred from export to China.
Megaspeed, Singapore and the money trail
The Shanghai filings add to earlier reporting that tied Alice Huang to a $7.5 billion Nvidia chip pipeline. They also land alongside fresh questions about Nvidia’s Singapore revenue.
Nvidia’s 10-Q for the quarter ended July 27, 2025, showed $10.16 billion of revenue billed to Singapore, 22% of the total, MLQ reported. From the next quarter, Nvidia switched to reporting revenue by the location of customers’ headquarters, and Singapore disappeared from the table. Fortune reported that the change came around the time Nvidia added Megaspeed to an internal block list in mid-2025.
For investigators, the loan filings offer something earlier reporting lacked: a document trail, filed by a Chinese company with a Chinese regulator, that lists banned Nvidia chips by model number at a named Shanghai site.
