Nvidia investigates CEO Jensen Huang over alleged Chinese spy ties as shares drop
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Nvidia announced an independent investigation into founder and CEO Jensen Huang after reports emerged that he was targeted by a suspected Chinese spy. Nvidia shares fell approximately 6 percent on Monday, losing around $250 billion in market value.
Huang admitted to an extramarital affair with Alice Huang, also known as Huang Lei, managing director of Singaporean firm Megaspeed. US intelligence reportedly suspects her of espionage, which China's Foreign Ministry rejected as completely baseless.
Nvidia stated that company secrets and national security were not compromised. Industry leaders including Elon Musk and US President Donald Trump voiced support for Huang to continue leading the company.
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How the story developed
- සිதNvidia's board prepared to consider removing Jensen Huang over two extramarital affairs.
- EPresident Trump confirmed the FBI is investigating the affair involving alleged spy Alice Huang.
- தThis storyHuang admitted to an affair with a suspected Chinese spy, causing Nvidia shares to drop.
- සිNvidia launched an investigation into CEO Jensen Huang regarding alleged targeting by Chinese intelligence.
