Nvidia Board Investigates Jensen Huang After Report He Was Target of Chinese Spy Effort
Summary
Nvidia’s board has launched an independent investigation into reports that CEO Jensen Huang was targeted by a Chinese intelligence effort through an executive at customer Megaspeed. The board said it has no reason to believe national security or company secrets were compromised. Huang admitted to being unfaithful in an email to staff and said he would cooperate with the inquiry. U.S. lawmakers are seeking answers, while reports have also raised concerns about Megaspeed and possible evasion of restrictions on advanced AI chips. Nvidia says Huang will remain CEO. Its shares fell 5% in premarket trading.
