Nvidia technology, a benchmark in the semiconductor sector and in the development of infrastructure for artificial intelligence (AI), was recording a 6.6% decline on the stock exchange at the start of the session on Wall Street, after news broke of the alleged involvement of its chief executive officer, Jensen Huang, with a supposed Chinese spy.
Given this situation, Nvidia’s board of directors has launched an internal and independent investigation to clarify the ties of the company’s top executive with this alleged agent.
"The board prioritizes the economic and national security of the United States, which is of the utmost importance for Nvidia’s interests and those of its shareholders," the company said in a statement. However, the company’s governing body considers that, for the time being, there is no evidence that U.S. national security or Nvidia’s corporate secrets have been compromised.
The inquiries will focus on analyzing Jensen Huang’s relationship with Alice Huang, a former executive of Megaspeed, a company headquartered in Singapore that is being investigated by U.S. authorities as a possible Trojan horse with which China would have bypassed controls to access Nvidia’s most advanced AI chips.
U.S. President Donald Trump said this Sunday that he supports Nvidia’s chief executive officer, arguing that he should continue at the helm of the company after admitting that he had maintained an extramarital relationship with a businesswoman being investigated for allegedly spying for China.
For its part, the Chinese Government rejected Monday the accusations pointing to Beijing being behind that extramarital relationship between Nvidia’s top executive and the aforementioned businesswoman.