Nvidia faces scrutiny over CEO ties to alleged Chinese spy
Briefing by News4U · First published
RTÉ Business reports Nvidia lost about $430 billion in market value after allegations that CEO Jensen Huang's relationship with Alice Huang aided at least $7.5 billion in restricted chip shipments to China. Senate Democratic Leader Chuck Schumer demanded tighter export curbs, while Republican Senator Kevin Cramer called for Huang to step down. The board hired outside counsel to investigate, and the FBI is examining whether Huang was targeted by foreign intelligence. Huang told employees he was unfaithful but denied knowing Alice Huang was a spy. China's foreign ministry called the accusations groundless. [1]
Sources
- Nvidia faces scrutiny over China chip ties, CEO affair
RTÉ Business · · Full text