China dismisses claims of spy plot involving Nvidia CEO Huang as a smear campaign
Summary
China denied allegations that a woman had tried to gather information from Nvidia CEO Jensen Huang for Beijing, calling the claims unsubstantiated. Nvidia said it would investigate reports that Huang was targeted by a foreign intelligence effort; Huang said he would cooperate. The reports come amid U.S. restrictions on Nvidia chip sales to China.Key Facts
- Chinese Foreign Ministry spokesperson Guo Jiakun rejected the spy allegations on Monday.
- The New York Times reported that U.S. intelligence assessed the woman was gathering information for Beijing.
- Nvidia announced Sunday that it was conducting an independent investigation into reports that Huang was targeted by a foreign intelligence effort.
- Huang acknowledged an intimate relationship with a business executive in an open letter and said he would cooperate with the investigation.
- Nvidia shares fell roughly 5% in pre-market trading on Monday.
- The New York Times identified the woman as Alice Huang, a former executive at Singapore-based data center company Megaspeed International.
- U.S. regulators have restricted some Nvidia chip sales to China, and Chinese government limits have also constrained sales there.
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