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Nvidia CEO Huang admits affair with Chinese spy, company launches probe

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Core Development: Nvidia CEO Huang admits affair with Chinese spy, company launches probe
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Market & Financial Impact: The announcement came after Huang acknowledged to the board that he had been intimate with a business executive whom US intelligence determined was gathering information for Beijing
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Nvidia Corp. Chief Executive Officer Jensen Huang | Image Credit: Bloomberg

Nvidia is opening an investigation into reports that CEO Jensen Huang was the "target of a foreign intelligence effort," the company's board of directors said Sunday.

The announcement came after Huang acknowledged to the board that he had been intimate with a business executive whom US intelligence determined was gathering information for Beijing, The New York Times reported.

Huang apologised in a message to the company, according to the Times. "I was unfaithful to my wife," he said. "My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry." Nvidia's board said in a statement it has "no reason to believe that either national security or Nvidia secrets were compromised," but that its inquiry would examine all available information. Huang "fully supports the review and has committed to cooperating with it," the board said.

The Times reported last month that US intelligence agencies had discovered that Huang had developed a close relationship with Alice Huang, a Chinese citizen and chip buyer, and determined that she was feeding information directly to Beijing. The two are not related, according to the Times.

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Official Publisher Attribution: This report is aggregated from Business Standard. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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