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Nvidia Hires Law Firm Wachtell Lipton to Lead Jensen Huang Affair Probe
The board says it has no reason to believe national security or Nvidia secrets were compromised as shares fell 9% on Monday.
- 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.
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By John Towfighi and Clare Duffy, CNN Nvidia's shares fell sharply in the post-market closing operations on Wednesday, after reports were published on an alleged extramarital relationship between the company's CEO, Jensen Huang, and a company executive, and that the board of directors
·Panama City, United States
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Total News Sources209
Leaning Left26Leaning Right32Center43Last UpdatedBias Distribution42% Center
Bias Distribution
- 42% of the sources are Center
42% Center
L 26%
C 42%
R 32%
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