Nvidia Hires Law Firm Wachtell Lipton to Lead Jensen Huang Affair Probe
The board tapped Wachtell, Lipton, Rosen & Katz and Joon Kim to assess whether the relationship exposed company secrets or national security risks.
- On Sunday, Nvidia CEO Jensen Huang admitted to an extramarital affair, prompting the NVIDIA Board to retain former acting U.S. Attorney Joon Kim and Wachtell, Lipton, Rosen & Katz to investigate potential national security compromises.
- Reports in The New York Times and Financial Times link the woman involved to a Chinese intelligence operation, while authorities scrutinized Megaspeed for allegedly facilitating restricted chip sales to China.
- Alice Huang, identified by authorities as connected to Megaspeed, is alleged to be a spy for Beijing. The FBI is also conducting its own probe into the matter.
- Investors filed a proposed shareholder class action against Nvidia, and shares fell on Tuesday as investors expressed concern that the investigation could force Huang's departure from the company.
- The NVIDIA Board stated it retains confidence in Jensen and his leadership as the investigation continues. The probe will determine whether Huang's conduct compromised corporate secrets or national security regarding Nvidia's restricted chip exports.
250 Articles
250 Articles
Nvidia CEO Jensen Huang Accused of Second Extramarital Affair With Company Executive
Powell, Nvidia’s vice president overseeing healthcare and higher education initiatives, joined the semiconductor giant in 2008 with responsibility for establishing NVIDIA GPUs as the accelerator platform for medical imaging instruments..
On the Asian markets, the stock exchanges in Japan and South Korea are giving up slight ground. In after-hours trading, Nvidia falls sharply following the news that CEO Jensen Huang is being dismissed.
Jensen Huang had already acknowledged that he had an affair with an alleged Chinese spy who achieved microchips for Beijing. More information: Trump defends Nvidia's director investigated for his relationship with a Chinese spy: "I think he'll come out well."
The leadership of AI chip company Nvidia is preparing for the dismissal of CEO Jensen Huang.
Jensen Huang, the Director General of Nvidia, the American company and members of his board of directors could be exposed to civil proceedings and, under certain circumstances, criminal investigations, following revelations about his alleged relationship with a woman suspected of being connected with Chinese intelligence services, Reuters reports.
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