Technology & AI

Nvidia hires outside law firm to probe CEO Jensen Huang's affair

Huang's alleged link to a suspected Chinese informant is shaking markets and raising national security questions around the U.S. AI chip industry.

By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .

What happened

Nvidia CEO Jensen Huang admitted to an extramarital affair with a woman U.S. intelligence agencies classify as a suspected Chinese informant, prompting the chipmaker's board to open an independent investigation. Nvidia shares fell more than 4 percent as investors questioned whether Huang can remain CEO, and China's Foreign Ministry dismissed the spying allegations as a smear campaign. The company has now hired the law firm Wachtell Lipton to lead the probe, tapping a former acting U.S. attorney for the Southern District of New York.

Why it matters

President Donald Trump said he had spoken to Huang and that the FBI is looking into the spy allegations.

Timeline

  1. Nov 9, 8:15 AM ET: Nvidia shares slumped as the chipmaker investigated reports that China spied on CEO Jensen Huang, and China's Foreign Ministry called the allegations a smear campaign.
  2. Nov 9, 8:40 PM ET: Trump said the FBI is looking into the spy allegations and that he had spoken to Huang.
  3. Nov 10, 2:19 PM ET: Nvidia hired the law firm Wachtell Lipton to lead the probe into Huang's affair.

Coverage

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