Nvidia hires major US law firm to investigate alleged Chinese spy affair
Nvidia said on Tuesday that it had hired New York law firm Wachtell, Lipton, Rosen & Katz, and that its attorney Joon Kim would lead "a thorough and independent investigation". The FBI is also conducting its own probe.
Nvidia, a leading tech company in the AI boom, has engaged a major US law firm to investigate allegations of a Chinese spy affair involving its CEO, Jensen Huang. The woman at the center of the controversy, Alice Huang, is accused of being a spy for Beijing. Nvidia disclosed on Tuesday that it had hired New York-based Wachtell, Lipton, Rosen & Katz, with its attorney Joon Kim leading an "independent investigation."
The FBI is also probing the matter. Since the allegations surfaced, Nvidia's stock price has plummeted, losing nearly $500 billion in market value. The company is considered crucial to the AI revolution, being the sole producer of a computer chip used in AI tools. As the world's second most valuable company after Apple, Nvidia's chips have become a national security issue for US officials eager to win the AI race.
Alice Huang, also known as Huang Le, is not related to Jensen Huang. She previously worked at Singaporean firm Megaspeed, a customer of Nvidia. Megaspeed was suspected of assisting in diverting Nvidia chips to China, a claim Nvidia refuted as having been investigated and disproven. However, the US government reportedly did not inform Nvidia of potential intelligence concerns regarding Megaspeed.
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