Nvidia\u2019s board of directors has launched an independent investigation into Chief Executive Officer Jensen Huang following reports that he had a relationship with a woman suspected by US intelligence officials of spying for China.<\/p>\n
The investigation follows Huang\u2019s admission that he had been unfaithful to his wife, raising concerns about potential national security risks and corporate governance at the world\u2019s leading artificial intelligence chipmaker.<\/p>\n
According to Bloomberg, the investigation will examine whether Huang was targeted by a foreign intelligence operation and whether any sensitive corporate information was compromised.<\/p>\n
The development comes as Nvidia faces growing scrutiny over its business relationships in China and restrictions on exports of advanced artificial intelligence chips.<\/p>\n
The investigation follows reports that Huang had a relationship with Alice Huang, a former executive of Singapore-based Megaspeed International.<\/p>\n
According to the New York Times, US intelligence authorities investigated Alice Huang and concluded that she was a Chinese intelligence asset.<\/p>\n
Megaspeed, which purchases Nvidia\u2019s artificial intelligence chips, has also faced scrutiny over suspicions that it helped China obtain advanced semiconductors restricted under US export controls.<\/p>\n
However, the espionage allegations have not been established through the Nvidia board\u2019s investigation.<\/p>\n
In a statement released on Sunday, Nvidia confirmed that an independent committee of directors, supported by external legal advisers, would oversee the inquiry.<\/p>\n
The company said it had no reason to believe that either national security or its confidential information had been compromised.<\/p>\n
Nvidia also expressed confidence in Huang\u2019s leadership, confirming that he would continue serving as CEO while the investigation proceeds.<\/p>\n
Huang acknowledged the relationship in an internal memorandum circulated to Nvidia employees over the weekend.<\/p>\n
He admitted being unfaithful to his wife and apologised to his family, colleagues and shareholders.<\/p>\n
The Nvidia co-founder also pledged to cooperate fully with the investigation and reaffirmed his commitment to protecting the company\u2019s interests and supporting US national security.<\/p>\n
Meanwhile, US President Donald Trump publicly defended Huang, describing him as a \u201cfine person\u201d and expressing support for his continued leadership. Trump said he had not discussed the allegations directly with the Nvidia CEO.<\/p>\n
The investigation has introduced fresh uncertainty for Nvidia, whose shares have declined approximately 22% from their October peak.<\/p>\n
The company\u2019s shares also fell about 6% on Germany\u2019s Tradegate exchange on Monday compared with Friday\u2019s US closing price.<\/p>\n
The investigation comes ahead of Nvidia\u2019s quarterly earnings announcement scheduled for November 17.<\/p>\n
The investigation comes amid growing concerns about Nvidia\u2019s valuation and the sustainability of the global artificial intelligence boom, which has driven the company\u2019s rapid expansion over the past three years.<\/p>\n
The restrictions had forced Nvidia to record a $5.5 billion inventory charge, while Huang disclosed that the company had lost access to approximately $15 billion in potential sales.<\/p>\n
Source: <\/p>\n
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