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Tech News
Nvidia's board of directors is reportedly investigating claims that CEO Jensen Huang was targeted by a Chinese intelligence operative. The development has renewed attention on the company's absence of a clear leadership succession plan under Huang's long tenure.
Nvidia stock fell nearly 5% in premarket trading after reports from the New York Times and Financial Times said U.S. intelligence agencies believe MegaSpeed executive Alice Huang passed information to Beijing while in a relationship with Nvidia CEO Jensen Huang. Nvidia's board has opened an independent investigation into the matter, which the company described as a possible 'foreign intelligence effort' targeting Huang. In an email to staff, Huang admitted he was unfaithful to his wife and said he had fallen short of his responsibilities to colleagues, the board, partners and shareholders.
Nvidia CEO Jensen Huang issued a memo admitting to an extramarital affair with Chinese businesswoman Alice Huang, who has been accused of passing sensitive information to Beijing. China's government has denied the spying allegations as slander. Nvidia shares fell as much as 8% when markets opened before recovering to a roughly 4% loss, and the company is reportedly investigating the matter.
Nvidia confirmed Sunday that its board of directors has opened an independent investigation into CEO Jensen Huang's relationship with a woman identified by intelligence agencies as a Chinese spy. In an email to staff, Huang apologized to his family for infidelity and said he supports and will cooperate with the board's inquiry into the national security concerns raised in news reports. Nvidia told CNBC the news would not slow the company and that Huang remains committed to leading it without interruption.
Nvidia CEO Jensen Huang told staff in a Sunday email that he had an affair with a woman accused of being a Chinese spy, apologizing to his wife and children. Nvidia's board said an independent committee, aided by outside counsel, will investigate the matter, stating it currently has no reason to believe national security or company secrets were compromised. The company confirmed Huang remains committed to continuing as CEO without interruption.
Nvidia CEO Jensen Huang sent staff a letter apologizing for an affair with Alice Huang (also known as Huang Le), a former Megaspeed executive whom U.S. intelligence reportedly believes was recruited by China's Ministry of State Security. Nvidia's board announced an independent committee, backed by outside counsel, will investigate, stating it currently sees no evidence that sensitive corporate data or national security was compromised while affirming confidence in Huang's leadership.
Nvidia's board said Sunday it is launching an independent investigation after reports that CEO Jensen Huang's relationship with Alice Huang, a former Megaspeed executive, may have been part of a Chinese intelligence operation. Nvidia also released a message in which Huang acknowledged an extramarital affair with the woman and apologized to his family, colleagues, and shareholders. The board said it currently has no reason to believe national security or company secrets were compromised, and that Huang is cooperating with the review.
Nvidia's board of directors announced an independent investigation following reports that CEO Jensen Huang was targeted by a foreign intelligence operation. A committee of independent directors, working with outside legal counsel, will lead the review, and Huang has agreed to cooperate fully.