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Nvidia board opens probe after Huang says he had affair amid spy reports

Nvidia said Sunday its board opened an independent inquiry after CEO Jensen Huang apologized for an affair and news reports said U.S. officials viewed the woman as a Chinese intelligence asset.

What's new
  1. Wired is now reporting this
  2. Global News is now reporting this
  3. New headline Was: “Nvidia shares slip as board probes Huang after spy-target reports”
  4. Our desk updated its story
  5. Yonhap, Aju Press and 3 more are now reporting this
11 earlier updates
  1. NVIDIA, Moneycontrol and Bloomberg are now reporting this
  2. New headline Was: “Nvidia board opens independent probe of Huang after China-intel reports”
  3. Our desk updated its story
  4. Business Insider is now reporting this
  5. New headline Was: “Asian chip stocks in South Korea and Taiwan gain despite Nvidia scrutiny”
  6. Our desk filed its story
  7. Our desk filed its story
  8. New headline Was: “South Korea and Taiwan chip shares rise as Nvidia faces CEO probe”
  9. nvidianews.nvidia.com, Reuters and 13 more are now reporting this
  10. New headline Was: “Asian chip stocks in South Korea and Taiwan gain despite Nvidia scrutiny”
  11. Our desk filed its story

Nvidia said Sunday its board of directors opened an independent investigation after founder and chief executive Jensen Huang told employees he had been unfaithful to his wife, following news reports that U.S. officials believed a Chinese businesswoman with whom he had a relationship was working for Beijing1,2,4.

Huang's Nov. 8 staff email, posted on Nvidia's newsroom, said, "I was unfaithful to my wife. My actions hurt her and our children"1. He said he supported the board inquiry, would cooperate fully and asked for privacy for his family1.

The board said a committee of independent directors, assisted by outside counsel, would oversee the review of reports that Huang had been the target of a foreign intelligence effort4,5. Directors said they had no reason to believe U.S. national security or Nvidia secrets were compromised and expressed confidence in Huang and his leadership team4,5.

Outlets identified the woman as Alice Huang, also known as Huang Le, an executive at Singapore-based Megaspeed, an Nvidia customer2,4,5. TechCrunch said a memo circulating among U.S. policymakers earlier this year claimed she had been recruited by China's Ministry of State Security to spy on Nvidia's chief executive4. The BBC said her whereabouts are unknown and that it remains unclear what information, if any, was passed to Beijing2.

The Verge reported Megaspeed is the subject of a U.S. Commerce Department investigation into whether it was smuggling AI chips to China5. The BBC said it understands Singapore is examining prior claims that the company circumvented U.S. export rules, and that Nvidia maintains earlier diversion concerns were investigated and debunked2. Nvidia told the BBC it was not aware of intelligence concerns and would expect the U.S. government to notify it of a genuine threat2. TechCrunch said Nvidia had previously described Huang's interactions with Alice Huang as not unusual and said the company does not share classified information with customers4.

China's Foreign Ministry spokesperson Guo Jiakun on Monday called the spy narrative unsubstantiated, CNBC reported, citing Reuters3. Al Jazeera described the episode as placing Huang at the center of a U.S.-China spy scandal8.

Nvidia shares fell about 5% in premarket trading Monday as investors weighed leadership risk around Huang, CNBC reported3. President Donald Trump told reporters Sunday he thought Huang was honorable, had done an amazing job for the country and that he had not spoken to the chief executive about the investigation3.

Separately, the chairs of the House select committee on China, the Foreign Affairs Committee and the Intelligence Committee asked Huang to appear at a joint closed-door briefing on Nov. 18, Ars Technica and Global News reported6,7. Nvidia is scheduled to report third-quarter results on Nov. 173. What the board inquiry finds, and whether any classified or commercially sensitive information changed hands, has not been established on the public record2,4,5.

Sources

  1. nvidianews.nvidia.comA Message to Our Company
  2. BBCWhat we know so far about Jensen Huang's affair with suspected Chinese spy
  3. CNBCNvidia stock falls 5% as scrutiny turns to Jensen Huang’s relationship with alleged Chinese spy
  4. TechCrunchNvidia will investigate CEO Jensen Huang’s relationship with possible Chinese spy
  5. The VergeNvidia is investigating Jensen Huang’s relationship with an alleged Chinese spy
  1. Ars TechnicaNvidia CEO Jensen Huang summoned by Congress over Chinese espionage concerns
  2. Global News‘I love our country’ Nvidia CEO regrets affair with alleged China spy
  3. Al JazeeraWhy is Nvidia's Jensen Huang at the centre of a US-China spy scandal?

How it’s being reported

24 sources

First reported by YonhapYonhap

BBCCNBCTechCrunchThe VergeArs TechnicaGlobal News

Where they agree

  • Huang sent a staff apology on Nov. 8 acknowledging infidelity and pledging to cooperate with a board investigation.
  • Nvidia's board said independent directors and outside counsel will review reports he was targeted by a foreign intelligence effort.
  • Coverage names Alice Huang of Megaspeed as the woman at the center of the reports.

Where they differ

Whether Alice Huang was a Chinese intelligence asset and whether any secrets were compromised

Side by side

Each outlet's article broken down by our newsroom, in our own words. To read what they wrote, use the button under each one.

BBC

What we know so far about Jensen Huang's affair with suspected Chinese spy

What is known and unknown about Alice Huang, also known as Huang Le, and Megaspeed

BBC recaps Huang's apology, Nvidia's probe, Alice Huang's role at Megaspeed and unanswered questions about what intelligence, if any, was passed. BBC News

Leaves out Premarket stock move and Trump comments

What is known and unknown about Alice Huang, also known as Huang Le, and Megaspeed

What it reports

  • Huang apologized Sunday for being unfaithful and said he would cooperate with Nvidia's independent investigation.
  • U.S. officials believed Alice Huang, a Megaspeed executive also known as Huang Le, was recruited as a spy, according to prior reporting BBC cites.
  • Nvidia told BBC it was not aware of intelligence concerns and would expect the U.S. government to notify it of a genuine threat.
  • BBC said it understands Singapore is investigating prior claims Megaspeed circumvented U.S. chip-export rules.
  • Alice Huang's whereabouts are unknown and it is unclear what information, if any, reached Beijing.

Leaves out Premarket stock move and Trump comments

CNBCCNBC

Nvidia stock falls 5% as scrutiny turns to Jensen Huang’s relationship with alleged Chinese spy

Share-price drop, investor questions about Huang remaining CEO, and Trump's public comments

CNBC reports Nvidia shares fell about 5% in premarket trading Monday after the board probe and cites China's Foreign Ministry rejecting the spy narrative.

Leaves out Singapore's reported inquiry into Megaspeed

Share-price drop, investor questions about Huang remaining CEO, and Trump's public comments

What it reports

  • The board said Huang fully supports the review and will cooperate.
  • CNBC said China's Foreign Ministry spokesperson Guo Jiakun called the spy narrative unsubstantiated, citing Reuters.
  • President Donald Trump said Sunday he thought Huang was honorable and had done an amazing job for the country, and that he had not spoken to Huang about the investigation.
  • Nvidia is scheduled to report third-quarter earnings on Nov. 17.

Leaves out Singapore's reported inquiry into Megaspeed

Same copy also at: CNBC · CNBC · CNBC · CNBC

TechCrunchTechCrunch

Nvidia will investigate CEO Jensen Huang’s relationship with possible Chinese spy

Board statement of confidence in Huang and earlier Nvidia line that interactions with Alice Huang were not unusual

TechCrunch reports the board launched an independent inquiry, quotes Huang's apology, and says directors said they had no reason to believe secrets were compromised.

Leaves out Monday stock move and China's Monday denial

Board statement of confidence in Huang and earlier Nvidia line that interactions with Alice Huang were not unusual

What it reports

  • Independent directors will run the inquiry with outside legal counsel.
  • The board said it had no reason to believe national security or company secrets were compromised and expressed confidence in Huang.
  • Huang admitted an affair with Alice Huang, a former Megaspeed executive, without naming her in the staff note.
  • A memo circulating among U.S. policymakers earlier this year claimed she had been recruited by China's Ministry of State Security.
  • Nvidia had previously said the pair's interactions were not unusual and that it does not share classified information with customers.

Leaves out Monday stock move and China's Monday denial

The VergeThe Verge

Nvidia is investigating Jensen Huang’s relationship with an alleged Chinese spy

Export controls, Megaspeed as a customer, and Huang's access to U.S. AI policy discussions

The Verge publishes the board statement and notes Megaspeed is an Nvidia customer under a Commerce Department inquiry over alleged chip smuggling to China.

Leaves out Huang's full staff email and China's response

Export controls, Megaspeed as a customer, and Huang's access to U.S. AI policy discussions

What it reports

  • The board said a committee of independent directors with outside counsel will oversee the investigation.
  • Megaspeed is an Nvidia customer and is the subject of a Commerce Department investigation into whether it was smuggling AI chips to China.
  • U.S. administrations have restricted sales of Nvidia's most powerful chips to Chinese firms.
  • The Verge notes concern about whether insights from Huang's access to administration AI deliberations could have been shared.

Leaves out Huang's full staff email and China's response

Ars TechnicaArs Technica

Nvidia CEO Jensen Huang summoned by Congress over Chinese espionage concerns

Congressional demand for a closed-door briefing

Ars Technica reports House China, foreign affairs and intelligence chairs asked Huang to appear at a closed-door briefing on Nov. 18.

Leaves out Market reaction and Huang's staff memo

Congressional demand for a closed-door briefing

What it reports

  • House committee chairs John Moolenaar, Brian Mast and Rick Crawford wrote asking Huang to appear Nov. 18.
  • Their letter cited reports raising national-security concerns about China's access to sensitive U.S. technology and information.

Leaves out Market reaction and Huang's staff memo

Global NewsGlobal News

‘I love our country’ Nvidia CEO regrets affair with alleged China spy

Huang's pledge to protect Nvidia and U.S. national security and the congressional letter dated Nov. 5

Global News recaps the board probe, Huang's letter and the House request for a closed-door briefing on his interactions with Alice Huang.

Leaves out Monday premarket trading

Huang's pledge to protect Nvidia and U.S. national security and the congressional letter dated Nov. 5

What it reports

  • Huang wrote that he loves the country and the company and is committed to protecting Nvidia and supporting U.S. national security.

Leaves out Monday premarket trading