Nvidia has officially commenced an independent investigation into its co-founder and CEO, Jensen Huang, following allegations that he became a target for a foreign intelligence operation orchestrated by China. The company’s board of directors announced that a committee of independent directors, supported by external legal counsel, will oversee the review to address concerns stemming from recent reports. Nvidia’s stock slides as questions swirl around Jensen Huang’s future as CEO.
The controversy centers on Alice Huang, a former executive at the Singapore-based data center operator Megaspeed.
U.S. intelligence agencies have identified her as an alleged operative for China’s Ministry of State Security.
Records indicate that Megaspeed, a significant client for Nvidia in Southeast Asia, has purchased more than $4.8 billion worth of AI chips from the firm over the past two years. Recent reports suggested that Jensen Huang maintained a close relationship with Alice Huang, sparking concerns among U.S. officials.
Addressing the situation in a message to staff on Sunday, Jensen Huang confirmed his involvement in a personal matter, admitting, “I was unfaithful to my wife,” and offering an apology for the distress caused to his family. While he did not name the individual involved, he emphasized that there is no justification for his actions and expressed deep remorse. He stated that he fully supports the independent investigation and intends to cooperate completely to restore the trust of shareholders, the board, and employees. The CIA, NSA and ODNI did not immediately respond to requests for comment.
Regarding the broader national security implications raised in media coverage, Huang reiterated his dedication to the company and the United States. “I love our country and our company. I am committed to protecting Nvidia and supporting America’s national security,” he stated. He acknowledged his responsibility as a leader and affirmed his commitment to remaining at the helm of the organization.
The Nvidia board of directors has stated that they currently have no reason to believe that company trade secrets or U.S. national security interests have been compromised. “The board prioritizes U.S. national and economic security, which is paramount to the interests of Nvidia and its shareholders,” the statement noted. A company spokesperson added that Jensen Huang remains committed to leading the firm and has the support of the board. I am proud and grateful to be an American,” he added. Olivia Gazis and The Associated Press contributed to this report.
Company spokesperson John Rizzo expressed confidence regarding the security of the firm’s assets, noting that Nvidia expects the U.S. government to provide notification if the company were truly the target of an active threat. Meanwhile, international reactions have been dismissive; Chinese Ministry of Foreign Affairs spokesperson Guo Jiakun labeled the allegations a baseless smear campaign. Scores rescued, dozens of migrants dead on boats in Europe.
When questioned about the matter on Sunday, Secretary of State Marco Rubio declined to comment, characterizing the situation as an “internal corporate matter.” The inquiry comes as the Santa Clara-based technology giant continues to dominate the AI hardware sector. In August, the company reported quarterly profits reaching $59.69 billion, continuing a trend of exceeding Wall Street’s performance expectations. Nvidia, the world’s most valuable company, has regularly surpassed Wall Street’s earnings expectations in the past three years since its high-end chips emerged as AI’s best building blocks. Thomas Markle Sr., Meghan’s father, arrested in Florida.
