Nvidia announced on Tuesday that it has retained New York law firm Wachtell, Lipton, Rosen & Katz to conduct an independent review of co-founder and chief executive Jensen Huang's romantic relationship. Huang admitted to the affair with Alice Huang, an executive at Singaporean customer Megaspeed who is alleged to be a Beijing spy. The inquiry will be spearheaded by attorney Joon Kim, a former federal prosecutor with extensive fraud and criminal case experience. Meanwhile, the FBI is pursuing its own investigation into the national security implications of the matter.
Key points
Wachtell Lipton will examine the relationship between the chipmaker's chief executive and…: Wachtell Lipton will examine the relationship between the chipmaker's chief executive and an executive at a client firm.
The company selected a veteran former federal prosecutor with extensive criminal investig…: The company selected a veteran former federal prosecutor with extensive criminal investigation experience to head the review.
The independent internal inquiry operates alongside an active federal counterintelligence…: The independent internal inquiry operates alongside an active federal counterintelligence investigation involving suspected espionage.
Sources checked by our analysis pipeline: 1
- Published
Nvidia has hired the major New York law firm Wachtell, Lipton, Rosen & Katz to investigate the affair between its chief executive and an alleged Chinese spy.
Jensen Huang, a co-founder of Nvidia who has led it to become one of the most valuable companies in the world, admitted to having a romantic relationship with a woman outside of his marriage.
The woman, Alice Huang, is alleged to be a spy for Beijing. She is an executive at a Singaporean company Megaspeed, which has been a customer of Nvidia.
Nvidia said on Tuesday that Wachtell attorney Joon Kim was set to lead "a thorough and independent investigation" into Jensen Huang's affair. The FBI is also conducting its own probe.
Kim is a former US Attorney for New York's Southern District and spent several years working as a government attorney focused on fraud and other criminal acts.
Wachtell is one of the largest law firms in the US and has several notable clients in the tech industry. Among them are OpenAI and Salesforce.
The Louisiana Court of Appeal, Fourth Circuit, affirmed that a previously settled divorce agreement bars an ex-wife from reopening property divisions to seek valuable fast-food enterprise holdings. The judges determined that general language dividing titled assets applied to corporate interests originally acquired prior to marriage. This decision shields the multi-entity business interests from being partitioned nearly two decades after the divorce.
Nvidia hires Wachtell Lipton to lead independent review into Jensen Huang affair. Nvidia hires Wachtell Lipton to lead independent review into Jensen Huang affair
Beauty company Coty is planning a restructuring of its business operations in France. Further details regarding the scope and timeline of the reorganization have not been disclosed.