Nvidia CEO Jensen Huang Case LIVE: Jensen's ties with ‘spy’ facilitated $7.5 billion chips to China, says report
NVIDIA CEO Jensen Huang Case LIVE: A report alleges Jensen Huang's links to a Chinese woman suspected of spying for Beijing helped facilitate $7.5 billion in Nvidia chip shipments to China. Shareholders have sued Huang and Nvidia, accusing them of withholding information about the alleged links.
Nvidia CEO Jensen Huang is under investigation after a report claimed his connection with a Chinese businesswoman suspected of espionage contributed to the export of up to $7.5 billion worth of Nvidia chips to China. According to The Information, Huang's ties with Alice Huang and her family facilitated the procurement of Nvidia chips through a network of businesses in China and Singapore.
Central to this network was Shanghai Century Litong, a company established in June 2023 that received preferred access to Nvidia's products. When US export restrictions slowed chip deliveries, Alice Huang allegedly used her connections to guarantee the arrival of 240,000 H100, H200, and A100 chips in China. This has sparked a class-action lawsuit from a US law firm alleging Nvidia misled shareholders about Huang's national security risks.
President Trump said the FBI is probing the allegations, noting Huang's surprise at the claims. Analysts say Huang might be ousted as CEO, impacting Nvidia's stock. However, his unique vision and familial presence in key roles make replacement challenging.
Written by urgent.news from Hindustan Times - World News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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