Chris Miller (Chip War) Joins, The Name's Huang. Alice Huang. The Markets. Shaken, and stirred.

The episode centers on the widening fallout from allegations that Nvidia’s China relationships were entangled with a suspected spy network tied to Alice Wong and routed through a maze of entities in Singapore, China, and elsewhere. The host argues that the story is no longer just a personal scandal but a major business and national-security crisis that could trigger congressional hearings, shareholder litigation, and a prolonged reset in Nvidia’s relationship with Washington. Chris Miller, the historian and semiconductor expert, says the damage is already clear and that Congress is likely to press for tougher enforcement and tighter controls on Nvidia’s China exposure.

A recurring theme is that governments now view advanced chips as strategically vital, and Miller says Nvidia’s insistence that its products were not strategically important is no longer credible. He expects the company to retreat from China and Southeast Asia, refocus on the U.S. market, and accept that the policy environment has changed. The host and Miller also discuss how the scandal could ripple through AI infrastructure, neoclouds, data centers, and firms like Oracle that serve China-linked customers.

The episode also briefly covers Amazon’s new Ring drone camera, which the hosts see as a striking but potentially creepy sign of where home security is headed, and a Fireworks security incident that underscores new risks for inference providers. Ed Bolian then joins later to discuss Vinwiki and his Cannonball Run record, shifting the show from geopolitics and AI to car culture.