NVIDIA Crisis Moves to Congress: CEO Jensen Huang to Testify

The crisis surrounding US chipmaker NVIDIA's CEO Jensen Huang, which began with allegations of a relationship with a woman suspected of spying for China, has moved to Congress. Following Huang's announcement of resignation, the company's ties with China have come under scrutiny. Along with US Commerce Secretary Howard Lutnick, Huang has been called to testify before US lawmakers due to the scandal. Huang is reported to have agreed to testify in a closed session addressing threats to US national security. Huang is expected to give sworn testimony before Congress before the Thanksgiving holiday later this month, and the testimony will be video-recorded and entered into the record. Congress wants the situation to become clearer and to clarify what the Trump administration knew about the matter. Meanwhile, US President Donald Trump's support for Huang continues. According to a New York Times report based on sources close to the matter, Trump called Huang on November 10 and said in the conversation, "Keep fighting for your business." Trump argued that he knows Huang well and that he is "a good man," and said he spoke with him by phone. Regarding the conversation, the US President said, "He's going through hellish days. He's most upset about his wife and family. That's what he told me." US intelligence officials had reportedly determined that a senior Chinese executive working at a Singapore-based data center known as Megaspeed was passing information to Beijing. Alice Huang, a Megaspeed executive who was revealed to have a relationship with Nvidia CEO Jensen Huang, is alleged to have possibly diverted AI chips to China. Nvidia's chip shipments to China are at the center of a new debate. While it is claimed that Alice Huang's investments extend to companies linked to Huawei, Megaspeed, which is reported to have brokered at least $7.5 billion in chip shipments, is also under scrutiny. The allegations have led to calls for an investigation in the US. US Attorney General Todd Blanche stated that it has not yet been confirmed that Alice Huang works for Chinese intelligence, while saying that the Department and the FBI are examining Huang's possible intelligence connections. In a CNN report based on sources with knowledge of the matter, US intelligence agencies continue to investigate Alice Huang's possible connections to the Beijing government. Not investment advice.