Inside Nvidia's ties to Megaspeed, company led by alleged Chinese spy

Nvidia's board of directors is preparing to dismiss CEO Jensen Huang following reports of two extramarital affairs, according to the Wall Street Journal. One of these relationships was with a company executive who reported to him, identified by the New York Times as Kimberly Powell, the vice president of healthcare. The Wall Street Journal also reported that one affair involved a suspected Chinese spy.

Bloomberg News reported on Wednesday that the suspected spy, Alice Huang, has returned to her home country and is currently living in Beijing with the knowledge of security officials. This investigation has raised questions regarding Megaspeed, a company helped lead by the suspected spy that has purchased nearly $5 billion in AI chips and hardware from Nvidia. Megaspeed denies any wrongdoing, according to CBS News.

The company's shares fell approximately 8% in after-hours trading, contributing to a roughly $600 billion loss in market value this week since the board announced its investigation. Le Monde English reported that the board was preparing to dismiss the founder on Wednesday evening.

Brief written by urgent.news from The Korea Times, Jerusalem Post, CBS News, Le Monde English — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.