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2h ago

Nvidia Board Opens Independent Probe into Whether CEO Was Targeted by Foreign Intelligence

The inquiry follows Jensen Huang’s admission of an extramarital relationship with an executive U.S. reporting says was recruited by Chinese intelligence, a development that could trigger congressional hearings and market pressure.

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Overview

  • Nvidia announced on Sunday that its board has created a committee of independent directors with external legal advisers to investigate reports that CEO Jensen Huang was targeted by foreign intelligence after he admitted an extramarital relationship.
  • Huang acknowledged the affair in a memo to staff, apologized to his family, said he will fully cooperate with the probe, and will remain CEO while the board examines all available information.
  • The company said the board currently has no reason to believe U.S. national security or Nvidia trade secrets were compromised, but it will review the intelligence and reporting cited in recent news stories.
  • Investors reacted sharply: Nvidia shares fell several percent in early trading, costing the company hundreds of billions in market value as analysts warned the episode raises governance and succession concerns for a founder-led firm.
  • U.S. reporting links the woman, Alice Huang, to Megaspeed and to U.S. intelligence assessments that she was recruited by China, a claim Beijing denies, and senior Republican House members have requested Huang testify to Congress this month.