So why would access to him matter?

Transcript

1. On Sunday, the head of Nvidia confessed an affair, in an email to staff.
2. "I was unfaithful to my wife," Jensen Huang wrote.
3. He didn't say who with.
4. The New York Times has.
5. It says he acknowledged being intimate with Alice Huang,
6. a businesswoman who, American officials believe,
7. was gathering information for China.
8. The two aren't related.
9. Alice Huang is a former executive at Megaspeed.
10. Megaspeed, in Singapore, rents out computing power,
11. and is a big Nvidia customer.
12. Also on Sunday, Nvidia's board announced an independent investigation
13. into reports he'd been targeted by foreign intelligence.
14. It said it had no reason to believe
15. national security or company secrets were compromised.
16. The Times first reported the suspicion on October 29th,
17. citing people briefed on classified surveillance.
18. That day, Jensen told Bloomberg their dealings were "completely normal."
19. China called the report "smears."
20. So why would access to him matter?
21. Nvidia's chips run many of the computers that train AI.
22. America controls which ones can be sold to China,
23. and Jensen lobbies on that himself.
24. On Friday, the Times described a memo shared among top US officials.
25. According to people briefed on the intelligence,
26. Alice Huang was recruited
27. by China's top spy agency to collect intelligence on Jensen,
28. and possibly to get Nvidia pushing for its best chips to be sold to China.
29. Nvidia says it shares no classified information with customers,
30. and they don't ask it to lobby Washington.
31. Megaspeed faces a separate US investigation.
32. The Times reports investigators suspect some Nvidia chips
33. it bought are reaching China illegally.
34. Trade records the Times obtained show Megaspeed's sister company in Malaysia
35. bought at least $4.8 billion of equipment with Nvidia chips,
36. between June 2024 and February 2026.
37. In 2024, the Times reports,
38. a US official visiting its Malaysian
39. data centre found Nvidia equipment still packed in boxes.
40. This year, officials say, the investigation went to the Justice Department.
41. Nvidia says its own review last year debunked the diversion claims.
42. Megaspeed said last December that inspections found no evidence of violations,
43. and it now says it will cooperate with the US government.
44. No charges have been reported against Alice Huang or Megaspeed.
45. Three House committee chairs have asked
46. Jensen to a closed briefing on November 18th.
47. Alice Huang didn't respond to the Times.
48. And the reporting doesn't show what, if anything,
49. she passed on, or whether she changed anything at Nvidia.