Nvidia CEO Huang Responds to Espionage Allegations: Investigation Launched

Nvidia CEO Jensen Huang sent an email to company employees apologizing following espionage allegations regarding Chinese businessperson Alice Huang, with whom he was alleged to have a close relationship. Huang admitted to not remaining faithful to his wife and stated that he owes an apology to his family and colleagues. The company's board of directors announced that an independent investigation has been launched following reports that Huang was the target of foreign intelligence activities. It was emphasized that the investigation will be conducted by a committee of independent board members with the support of independent legal counsel, and that the board prioritizes US national and economic security. Huang expressed his support for the investigation and full cooperation, saying he is committed to protecting Nvidia and supporting US national security. In his email, he said, "Throughout my life, my family has given me love and support. They deserve my honesty and loyalty. But I have disappointed them and damaged the life we built together. I take full responsibility for my actions and the sorrow I have caused, and I accept future criticism along with it." Addressing his colleagues, the board, partners, and shareholders, Huang also said, "You deserve better than me. Leading Nvidia is the greatest privilege of my life. My responsibility is to serve you and be worthy of your trust. I have failed to fulfill this responsibility. I am fully committed to Nvidia and will work to regain your trust." In a report published last week in The New York Times, it was alleged that Alice Huang leaked information to Beijing for intelligence purposes and may have diverted Nvidia-produced chips to China. According to the report, US Secretary of State Marco Rubio oversaw the preparation of a secret memo last spring warning senior Trump administration officials that Huang was in a close relationship with a Chinese spy. US officials had concluded that Alice Huang was recruited for espionage by China's Ministry of State Security. Not investment advice.