Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Trump says Nvidia CEO told him he did not know the woman linked to him was a spy

Huang is one of President Trump’s closest allies in Silicon Valley

President Donald Trump disclosed on Monday (Nov 9) that he had a conversation with Nvidia CEO Jensen Huang following a media report connecting Huang to a businesswoman believed to be a spy for China. Huang informed Trump that he was unaware of the woman's espionage allegations. In response to the New York Times' report alleging Huang's close ties to a Chinese businesswoman suspected of sharing information with Beijing, Nvidia's board initiated an investigation. Nvidia's stock plummeted to a seven-month low on Monday.

Trump, who mentioned the phone call on Monday, expressed astonishment at the allegations and mentioned that the FBI was currently investigating the matter. "I asked him if he had any idea she was a spy," Trump recounted at a White House briefing. "He said, 'I had no idea she was a spy,' and I really believe him." Trump also added, "I know the FBI is looking into it. I think he'll be in good shape."

Huang is considered one of Trump's most trusted allies in Silicon Valley, a relationship that reportedly stretches back to 2025. The two have frequently demonstrated support for the administration's agenda and have become frequent visitors to Washington as Nvidia pursued sales of advanced chips to the Chinese market.

Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at businesstimes.com.sg →

More in Finance & Markets

More from Monday 9 November →