What we know - and what we don't - as Nvidia investigates an alleged spy plot involving its CEO
China's Foreign Ministry dismissed the spying allegations on Monday, saying they amount to a smear campaign.
On Sunday, Nvidia announced that its board had initiated an independent investigation into allegations of a foreign intelligence plot targeting its CEO, Jensen Huang. The company cited recent reports claiming Huang was the target of a foreign intelligence effort, though they expressed no belief that national security or Nvidia secrets were compromised. Huang, who remains CEO, committed to cooperating fully with the investigation.
Huang apologized in an internal email to Nvidia employees for an extramarital affair, which he said had hurt his wife, their children, and colleagues. He reiterated his support for the board's investigation and his dedication to protecting Nvidia and American national security. Huang, 63, co-founded Nvidia more than three decades ago and has maintained a close relationship with the Trump administration.
China has dismissed the spying allegations, calling them a smear campaign against Beijing. The scandal has caused turmoil for Nvidia, whose high-end chips are critical for artificial intelligence. Huang has become a key figure in the AI race, often aligning with the Trump administration.
The investigation remains ongoing, but analysts suspect the allegations may strengthen calls for stricter export controls with China. Nvidia's shares fell more than 4% on Monday, and AI-related company stocks experienced a rise.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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