One Turn
Nvidia chief faces FBI probe and lawsuit over alleged spy ties
Trump said the FBI is looking into Nvidia CEO Jensen Huang's affair with a woman US officials believed was working for China. Nvidia hired a major US law firm to investigate. A shareholder lawsuit accuses Huang and the company of misleading investors. Nvidia shares fell for a second day. Commerce Secretary Howard Lutnick reportedly also received a memo on the matter, and China denies the spy claim.
Why it matters
Nvidia is central to the AI industry and to US export controls on chips.
Background
Nvidia makes the chips behind most AI systems. Huang co-founded it in 1993.
The story so far
- Nvidia CEO's contact reported as Chinese asset
- Nvidia opens investigation into CEO Jensen Huang
- Nvidia investigates CEO Jensen Huang over affair with suspected Chinese spy
- Nvidia chief faces FBI probe and lawsuit over alleged spy ties
- Nvidia board weighs ousting CEO Jensen Huang; shares plunge
- Nvidia board weighs future of CEO Jensen Huang after reports of affairs
Sources
- BBC News ↗Nov 10, 5:52 PM ET
- BBC News ↗Nov 10, 3:23 AM ET
- CNBC ↗Nov 10, 5:08 PM ET
This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.