Donald Trump says the FBI is investigating Nvidia chief executive Jensen Huang’s relationship with Alice Huang, a Singapore-based business executive whom US intelligence officials reportedly suspect of working for Beijing. Alice Huang, who is not related to Jensen Huang, led Megaspeed, a company that has dealt with Nvidia. Trump said he asked Huang whether he knew she was a spy; Huang denied knowing of any espionage ties, and Trump said he believed him. China has rejected the allegations as baseless. The FBI has not commented, and Trump gave no details about the investigation or when it began. Jensen Huang has acknowledged being unfaithful to his wife and apologised to his family.
Nvidia has launched an independent investigation and says it has no reason to believe company secrets or US national security were compromised. Huang says he will cooperate and is committed to protecting the company and US security. The allegations have intensified scrutiny because Nvidia’s advanced chips are central to the AI competition between the US and China, and Washington restricts some exports over security concerns. Nvidia’s shares fell more than 4% on Monday, wiping about $250bn from its market value. A proposed shareholder class action accuses Huang and Nvidia of concealing his relationship and misleading investors; the company has also been asked to brief congressional committees on its security safeguards and contacts with Alice Huang.
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