Nvidia hires law firm to investigate CEO affair with alleged spy

Nvidia announced on Tuesday that it has hired New York law firm Wachtell, Lipton, Rosen & Katz to investigate an affair between chief executive Jensen Huang and a woman alleged to be a spy for China, BBC News reported. BBC News and the Daily Mail both report that Huang, who co-founded the technology firm, admitted to having an extramarital affair. According to BBC News, attorney Joon Kim will lead a thorough and independent investigation for the company, while the Federal Bureau of Investigation is also conducting its own probe. [1][4]

The woman involved in the affair is Alice Huang, BBC News reported. As FTMQ News reported earlier, United States intelligence officials suspect Alice Huang of spying for Beijing, and she has no relation to Jensen Huang. Thejournal.ie reported that Huang told Nvidia staff about the affair on Sunday and apologised to both his family and company employees. Donald Trump told reporters on Sunday that he had not spoken to Huang about the matter but described him as a fine person, according to the Daily Mail. [1][4][5][16][17]

Following the revelations, Nvidia stock fell close to a yearly low, wiping 500 billion dollars from its market valuation since Friday, BBC News reported. Nvidia was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem, and is headquartered in Santa Clara, California. The company produces graphics processing units and hardware for artificial intelligence applications. [1][13][15]

The law firm hired by Nvidia, Wachtell, Lipton, Rosen & Katz, operates out of a single office in Manhattan. The ongoing investigations follow earlier concerns regarding potential leaks, though Nvidia previously stated there was no evidence that company secrets or national security were compromised. [1][14][17]