Nvidia hires US law firm to probe CEO's affair with alleged spy
The company has retained Wachtell, Lipton, Rosen & Katz to investigate Jensen Huang following allegations regarding a relationship with a Chinese intelligence asset.
Nvidia has hired the US law firm Wachtell, Lipton, Rosen & Katz to conduct an independent investigation into its chief executive, Jensen Huang. According to reports from the Times of India, the inquiry follows allegations of a relationship between Huang and Alice Huang, an executive accused of being a Chinese spy.
The investigation will be led by attorney Joon Kim, a former US attorney for the Southern District of New York. While the law firm conducts its probe, the FBI is also carrying out a separate investigation into the matter.
Jensen Huang has acknowledged having a romantic relationship outside of his marriage. Alice Huang, also known as Huang Le, was an executive at Singapore-based Megaspeed, a customer of Nvidia. She is not related to the Nvidia co-founder.
The company's market value has fallen by approximately $500 billion since Friday, with shares nearing a one-year low. A shareholder lawsuit filed in a California federal court accuses Nvidia and Huang of misleading investors and failing to disclose reputational risks.
China's foreign ministry has rejected the espionage allegations, stating they are intended to smear the country. US President Donald Trump said on Monday that Huang told him he had no idea the woman was a spy.
Congressional leaders of the House Committee on Foreign Affairs have requested Huang to attend a closed-door briefing next week. The committee has the power to subpoena him if necessary.
