Nvidia hires law firm Wachtell, Lipton, Rosen & Katz to independently investigate CEO Jensen Huang following disclosures involving a relationship with a customer executive whom US authorities allege is a Beijing spy.
Read about the board response and market impact.
The investigation into the case
The independent investigation on behalf of Nvidia will be led by attorney Jun Kim, a former federal prosecutor. The FBI is also conducting its own investigation into the matter. It is not yet clear whether the law firm will be able to obtain a statement from Alice Huang, also known as Huang Le.
Nvidia's board said Sunday it had no reason to believe that any trade secrets or U.S. national security were compromised. But the case has taken on political overtones. U.S. Secretary of State Marco Rubio sent an internal memo in the spring warning officials about the Nvidia chief's relationship. China's foreign ministry has dismissed the allegations as a smear campaign.
The reaction of the White House and Congress
US President Donald Trump said he spoke with Jensen Huang, who assured him that he had no idea about the woman's spying. At the same time, the House Foreign Affairs Committee asked Huang to appear next week for a closed-door briefing. The committee's chairman, Brian Mast, said that if necessary, he would issue a formal subpoena to compel him to appear.
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The news has sent shockwaves through the company, sending its stock to a year-low. Since last Friday, Nvidia's market value has fallen by more than $500 billion.
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