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Nvidia Board to Meet Over CEO Huang's Affair with Alleged Chinese Spy
Confirmed
In Short: Nvidia's board is set to meet amid revelations that CEO Jensen Huang had an affair with a top executive suspected of being a Chinese spy.
Nexus 7 (2012) - board - Nvidia T30L-P-A3-4854.
NVIDIA launches investigation into CEO's relationship with suspected Chinese spy. ABC News
Nvidia's board is preparing to meet following revelations that CEO Jensen Huang had an affair with a top executive, Alice Huang, whom US intelligence officials suspect of being a Chinese spy.
Nvidia has launched an independent investigation into the affair, hiring New York law firm Wachtell, Lipton, Rosen & Katz to probe the situation.
Members of Congress are calling for Jensen Huang to resign, with some committees considering subpoenaing him if he does not agree to appear before them.
The affair was allegedly captured on video at a hotel following Nvidia's GTC conference in March.
Nvidia shares have dropped more than 10% since trading opened on Monday, reflecting investor concerns over the situation.
Huang admitted to being unfaithful to his wife in a memo to employees, while the board said it had no reason to believe Nvidia secrets were compromised.
The board has initiated an independent investigation into the affair and security concerns, as reported by multiple outlets.
Trump made a surprise phone call to Huang during a tech conference in Los Angeles on September 14, adding another layer of complexity to the situation.
The investigation and potential fallout could impact Nvidia's leadership and future operations, especially as the company is a leader in advanced AI chips.
What's confirmed
- Nvidia has launched an independent investigation into the affair and has hired New York law firm Wachtell, Lipton, Rosen & Katz.
- Nvidia said this was investigated and debunked.
- Huang told employees, "I was unfaithful to my wife," as the board said it has no reason to believe NVIDIA secrets were compromised and Congress seeks a closed-door briefing on November 18th.
- Washington: The board of American chipmaker Nvidia has launched an investigation into chief executive Jensen Huang’s relationship with an alleged Chinese spy, as Huang admitted his infidelity in a company memo.
What's still developing
- "As a matter of his own conscience, he should resign," Cramer told CNBC, in response to revelations that Huang had an affair with an alleged Chinese spy as the chipmaker he co-founded was given permission from the U.S.
- Nvidia’s board of directors announced Tuesday that it had hired a prominent former prosecutor and a top Wall Street law firm to probe the events surrounding CEO Jensen Huang’s affair with a woman believed to be a spy for China.
- Jensen Huang’s future as Nvidia’s chief executive was hanging by a thread Wednesday night, with the chipmaking giant’s board weighing whether to remove its billionaire founder following revelations of a second alleged extramarital affair, the Wall Street Journal reported.
- On Sunday (Washington time), the board said it was initiating an independent investigation “in light of recent reporting that founder and chief executive Jensen Huang has been the target of a foreign intelligence effort”.
- The American computer chip giant said Sunday that its board had launched an independent investigation following reports that Huang, 63, maintained a close relationship with a Chinese businesswoman suspected of passing information to Beijing.
- Huang said that such predictions are "not grounded in science", adding that it is in Nvidia's best interest to ensure the industry builds its products responsibly.
Sources
- BBClink
- CNBClink
- Data Center Dynamicslink
- Fortunelink
- Investor's Business Dailylink
- NBC Newslink
- New York Postlink
- TechCrunchlink
- Ars Technicalink
- Mlqlink
- Runtimewirelink
- Americanbazaaronlinelink
- Tweaktownlink
- Theagelink
- Smhlink
- Worthynewslink
- ABC News — video link
- ABC7 — video link
- LiveNOW from FOX — video link
- CNBC Television — video link
- Morning Brew Daily — video link
- The Daily Show — video link