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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.
- Wired is now reporting this
- Global News is now reporting this
- New headline Was: “Nvidia shares slip as board probes Huang after spy-target reports”
- Our desk updated its story
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11 earlier updates
- NVIDIA, Moneycontrol and Bloomberg are now reporting this
- New headline Was: “Nvidia board opens independent probe of Huang after China-intel reports”
- Our desk updated its story
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- New headline Was: “Asian chip stocks in South Korea and Taiwan gain despite Nvidia scrutiny”
- Our desk filed its story
- Our desk filed its story
- New headline Was: “South Korea and Taiwan chip shares rise as Nvidia faces CEO probe”
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- New headline Was: “Asian chip stocks in South Korea and Taiwan gain despite Nvidia scrutiny”
- 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
- nvidianews.nvidia.comA Message to Our Company
- BBCWhat we know so far about Jensen Huang's affair with suspected Chinese spy
- CNBCNvidia stock falls 5% as scrutiny turns to Jensen Huang’s relationship with alleged Chinese spy
- TechCrunchNvidia will investigate CEO Jensen Huang’s relationship with possible Chinese spy
- The VergeNvidia is investigating Jensen Huang’s relationship with an alleged Chinese spy
Ars TechnicaGlobal NewsAl JazeeraShowHide
How it’s being reported
24 sourcesFirst reported by Yonhap
Show all
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
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
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
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
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
‘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
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