On Sunday, Nvidia announced the start of an independent investigation following a media report that claimed CEO Jensen Huang had a close relationship with a Chinese businesswoman linked to passing information to Beijing. In a message to Nvidia employees, Huang admitted to being unfaithful and accepted full responsibility for his actions.
The New York Times previously reported that US authorities were investigating Alice Huang, formerly of Megaspeed, a Singapore-based company purchasing AI chips from Nvidia. Concerns arose over Megaspeed’s potential role in helping Beijing access advanced AI chips, which are restricted from being shipped to China.
The NVIDIA Board is initiating an independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort. A committee of independent directors, assisted by outside independent counsel, will oversee the investigation.
The company stated there is currently no evidence that US national security or Nvidia’s secrets were compromised. However, the investigation will explore all relevant information. Huang supports the review and will fully cooperate with the investigation.
Huang expressed remorse to his colleagues, board members, partners, and shareholders. “My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to NVIDIA and will work to earn back your confidence,” he stated.
An Nvidia spokesperson affirmed that Huang is committed to leading the company as CEO without interruption. Meanwhile, key Republican lawmakers have requested that Huang provide a briefing to Congress regarding the allegations.
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