Explainer
Can Nvidia's CEO keep his job after the spy affair?
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From Washington, where Trump says the FBI is looking into it in connection with something else, to San Jose, where shareholders have sued, and Singapore, home of Megaspeed. US media report that Megaspeed executive Alice Huang was under surveillance as allegedly recruited by China. The accusations she spied remain unproven; Beijing denies them.
Washington, San Jose, and Singapore
As the affair drew attention, Nvidia shares fell, wiping out about 190 billion dollars of market value.
$190bn
Citing two people familiar with the matter, The Information reports that Alice Huang, together with her husband and sister, set up a network of companies in China and Singapore, and that 240,000 chips were moved to China. Nvidia did not respond to a request for comment.
240,000
Huang stays chief executive during the review. Huang said: “I support the investigation and will cooperate fully. I love our country and our company.”
“I support the investigation and will cooperate fully. I love our country and our company.”
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The story
Nvidia opens independent probe into CEO Jensen Huang over alleged Chinese spy affairRead the article
Based on reports by
- NewsITNvidia: Alice Huang's network that supplied $7.7 billion in chips to China by breaking the US embargo comes to light
- La Repubblica.itWhy Nvidia cannot afford to replace Jensen Huang
- europa pressTrump states that the FBI is investigating the case of the alleged spy and lover of the Nvidia boss
- ANSA.itMedia, “Nvidia and Huang sued by shareholders for relationship with Huang”
- AP NEWSNvidia investigates reports that China targeted CEO Jensen Huang with spy with whom he had an affair
- AP NEWSTrump says FBI is looking at Nvidia CEO Jensen Huang's affair with alleged Chinese agent