Nvidia in turmoil as China denies spying claims
Nvidia shares tumbled this Monday after the AI chipmaking giant said it would investigate its CEO's affair with a suspected Chinese spy. There are concerns Jensen Huang was targeted by a foreign intelligence effort following a media report that he had a close relationship with a Chinese businesswoman who allegedly passed information to Beijing. China, meanwhile, has slammed the spying allegations…
China dismissed allegations that it orchestrated a spy plot against Nvidia CEO Jensen Huang, labeling the claims as unsubstantiated and a smear campaign against the country. Huang admitted to having an intimate relationship with a business executive, issuing an apology to his wife and the company in an open letter on Nvidia's website.
The tech giant announced it was conducting an independent investigation into the reports. U.S. intelligence determined that the woman was gathering information for Beijing, according to The New York Times. Huang expressed his support for the investigation and commitment to protecting NVIDIA and supporting America's national security.
A Chinese spokesperson rejected the allegations, stating that the so-called Chinese spy claim was unsubstantiated and smears against China.
Written by urgent.news from PBS NewsHour's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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