Nvidia shares fall after ‘honeytrap’ investigation launched, as China denies spying claims – business live
Summary
Nvidia said it had opened an independent investigation after reports alleged that CEO Jensen Huang was targeted in a Chinese intelligence effort. The reports linked the allegations to a woman employed by a Singapore-based data-center company suspected of routing Nvidia chips to China, while Nvidia shares fell in pre-market trading and Frankfurt.Key Facts
- Reports alleged that Alice Huang, described as a Chinese intelligence recruit, had a romantic relationship with Jensen Huang.
- The article says Jensen Huang acknowledged being unfaithful to his wife and apologized to his family and Nvidia employees.
- Nvidia announced an independent investigation into the reported foreign intelligence effort.
- Alice Huang reportedly worked for Singapore-based data-center company Megaspeed, which has been suspected of routing Nvidia chips to China and evading export controls.
- China rejected the spying claims as baseless.
- Nvidia shares fell about 5% in pre-market trading and were lower in Frankfurt, according to the article.
- The article says Jensen Huang has criticized U.S. export controls on AI chips to China.
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