The person is Alice Huang, also known as Huang Le, a Chinese citizen and former senior executive at Megaspeed, a Singapore cloud computing company.
She is not related to Jensen Huang, and Trump was reportedly told that he was unaware of any spying.
According to the Times, Trump's inaction was partly driven by concern that moving against the alleged spying could hurt Nvidia chip sales or disrupt the US-China trade truce.
US officials already suspected Alice Huang of helping China evade export controls to obtain high-end Nvidia chips through Megaspeed.
Sources also said some investigations and proposed trade sanctions involving China or Nvidia have stalled within the Commerce Department because of Jensen Huang's influence.
Critics point to relaxed export controls and a deal giving the US a 25 percent cut of some chip sales, and Treasury Secretary Scott Bessent said last month that the president is "completely aligned" with Huang.
The US has investigated Megaspeed since 2024, and the Justice Department took over the Commerce Department's probe earlier this year. Officials worry that chips from a $2 billion purchase could reach data centers in Malaysia and Indonesia that appear to serve customers in China. The Times also found that Megaspeed's Singapore director, James Tan, lives in China and is rarely present. Sources said Jensen Huang did not receive the defensive briefing sometimes given to targets of foreign spying, possibly because agencies feared he would alert her. Photos posted on LinkedIn show the two together at a Taipei bar in June 2024, and the Times reports they were seen leaving a Taipei restaurant together in May 2025. Nvidia says Huang's contact with her was routine for a CEO who meets thousands of customer executives each year, that she would not have had access to trade secrets, and that its own investigation found no sign of chip diversion. The Chinese Embassy's Liu Chang called the accusations baseless smears, and Megaspeed says it has hired outside counsel for an internal investigation and will cooperate with the US government.