BEIJING, Oct 30 — Beijing dismissed as “groundless speculation” today a report that said Jensen Huang, head of US chip giant Nvidia, was the target of a Chinese spy plot.

The article by The New York Times, published yesterday, said that US intelligence officials concluded that a Chinese executive linked to a Singapore-based data centre company had been funnelling information to Beijing.

“The report in question is based on groundless speculation and is nothing more than an attempt to smear China,” foreign ministry spokesman Guo Jiakun said at a regular briefing.

China is in a race for tech dominance with the US, which restricts the export to China of the most cutting-edge silicon chips, designed by industry leader Nvidia and used to train and run AI models.