The congressional probe centers on whether a suspected espionage plot swayed Jensen Huang to push for loosened restrictions on advanced artificial intelligence chip shipments to Beijing. Meanwhile, Nvidia's board initiated an internal probe headed by law firm Wachtell, Lipton, Rosen & Katz after Huang admitted to infidelity during recent company meetings. The executive also engaged in an extramarital relationship with Kimberly Powell, the company's vice president of healthcare, according to reporting from The New York Times. These twin controversies sent Nvidia shares tumbling over 8% during after-hours trading as the company faces unprecedented executive turmoil.
Key points
Congress is preparing oversight hearings to assess if foreign intelligence operatives inf…: Congress is preparing oversight hearings to assess if foreign intelligence operatives influenced corporate lobbying on sensitive microchip exports.
Lawmakers are facing renewed pressure to enact bipartisan legislative measures that restr…: Lawmakers are facing renewed pressure to enact bipartisan legislative measures that restrict China from acquiring advanced American technologies.
The semiconductor manufacturer faces substantial regulatory exposure and executive disrup…: The semiconductor manufacturer faces substantial regulatory exposure and executive disruption following disclosures of Huang's personal relationships.
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Nvidia boss Jensen Huang is facing growing pressure as US lawmakers raise concerns over whether his relationship with a woman suspected of having links to Chinese intelligence could have compromised American national security.
On Wednesday, Congressman Jamie Raskin said Congress was more concerned about the possible impact of the alleged relationship on US national security than Huang's position as the head of the chipmaker.
"The fate of Mr Huang as the CEO of his companies is up to his board. Apparently, he exercises a lot of influence over his board," Raskin said, adding that the decision to retain or remove him was a matter for the company's directors.
However, he said lawmakers had a legitimate reason to examine whether China had used an alleged "honeypot scheme" to influence a major American corporate executive.
Raskin alleged that the woman, suspected of acting on behalf of China, may have influenced Huang, who in turn used his financial influence to persuade President
Donald Trump to allow Nvidia to sell its advanced AI chips to China.
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