I was unfaithful to my wife,
Nvidia CEO Jensen Huang admitted in a company-wide memo after intelligence reports linked his relationship with Alice Huang, an executive at a top customer firm, to a foreign espionage effort.
The disclosure sparked an independent board investigation and a $190 billion market capitalization drop for the chipmaker on Monday. Nvidia shares fell after the company announced an internal investigation into CEO Jensen Huang’s relationship with an alleged Chinese spy.
“.. I was unfaithful to my wife,” he said. “My actions hurt her and our children. There is no excuse for what I did.”@business $NVDA https://t.co/E4hg6GuYnm pic.twitter.com/FWTB2MdaaX
Nvidia announced that an independent committee of directors, aided by outside counsel, will examine all available information regarding the national security implications of the CEO’s ties to Alice Huang. Singapore-based Megaspeed, where Alice Huang served as an executive, purchased more than $4.8 billion in equipment from the US firm over two years.
The connection has drawn sharp bipartisan backlash in Washington. Republican House committee chairs John Moolenaar, Brian Mast, and Rick Crawford have demanded Huang appear at a closed-door briefing on November 18. Chris Miller, a professor at Tufts University’s Fletcher School and author of “Chip War,” told Yahoo Finance on Monday that broader congressional questions will focus on Nvidia’s relationship with Donald Trump and Trump’s relationship with Nvidia.
President Trump is defending $NVDA CEO Jensen Huang after speaking with him about the espionage allegations. “I spoke to Jensen today. He told me he had no idea that woman was a spy and I really believe him.” pic.twitter.com/HlOw0XWvO0
President Donald Trump defended the chief executive, telling reporters that I think he’s an honorable guy
and adding that Huang had done an amazing job for the country. Trump remarked that he hadn’t heard the CEO did anything wrong, noting that he dealt with somebody just like everybody else does, and stated that Huang has a fine character and has done an amazing job for the United States.
Today’s news will not slow NVIDIA,
spokesperson John Rizzo said, adding that Jensen is committed to continuing to lead NVIDIA as CEO without interruption.
Nvidia’s board announced that it launched a probe into whether Jensen was a target of a foreign intelligence effort, while affirming that it still has confidence in his leadership.
Earlier coverage: Nvidia Shares Drop 4% as CEO Jensen Huang Faces Investigation Over Affair With Alleged Chinese Spy
Yes, this is a sensational story, but put the tabloids aside for a second. Donald Trump is selling America’s security to our foreign adversaries. In the spring, Marco Rubio warned senior Trump officials that Jensen Huang, CEO of Nvidia, was involved with a woman U. S.…
