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Nvidia board's independence is tested after Huang security inquiry
Reuters said Nvidia's long-serving board is under scrutiny over whether it can independently investigate CEO Jensen Huang after reports of a relationship with a woman alleged to have Chinese intelligence ties.
- Our desk filed its story
- New headline Was: “Nvidia board's independence is tested after Huang security inquiry”
- New headline Was: “Trump says FBI looking into Nvidia CEO's affair with alleged Chinese spy”
- Our desk updated its story
- Dawn and Euronews are now reporting this
15 earlier updates
- New headline Was: “Trump says FBI investigating Nvidia boss's affair with alleged Chinese spy”
- Our desk filed its story
- New headline Was: “Nvidia CEO Huang drops ElevenLabs Summit appearance”
- forbes.com is now reporting this
- Wired and Global News are now reporting this
- New headline Was: “Asian chip stocks in South Korea and Taiwan gain despite Nvidia scrutiny”
- Our desk filed its story
- Yonhap, Aju Press and 3 more are now reporting this
- 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
- Business Insider is now reporting this
- 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
Based on reporting by Reuters
Nvidia's board is facing questions about whether it can independently examine CEO Jensen Huang after reports of a personal relationship with a businesswoman alleged to have ties to Chinese intelligence, Reuters reported on Tuesday1.
President Donald Trump said Monday the FBI was looking into the relationship, a day after the board opened an internal inquiry into national-security concerns raised in news reports, according to an employee email from Huang that the company released, Reuters said1. China's Foreign Ministry called the spying allegation a groundless accusation, Reuters reported1.
Reuters said Nvidia has 11 directors and no board chair, that the company treats all but Huang as independent, and that several independent directors have served since the 1990s, with only two joining since 20211. Huang, 63, owns about 3.6% of the stock, has many direct reports and no obvious successor, the report said1. Shares closed about 4% lower Monday after falling earlier in the session1.
The board said Sunday it had no reason to believe U.S. national security or company secrets were compromised, would review available information, and expressed confidence in Huang and his leadership team, Reuters reported1. The outlet also noted U.S. limits on advanced AI-chip exports to China since 2022 and a later Trump administration arrangement allowing some China shipments with a U.S. government share of those sales1.