Nvidia hires top US law firm to investigate affair between CEO Huang and Chinese spy
AI summary
Nvidia has retained a prominent US law firm to investigate allegations that CEO Jensen Huang is romantically involved with a woman accused of spying for China. The scandal has triggered a separate FBI probe, congressional scrutiny, and a significant decline in the company's market value.
Key takeaways
- Nvidia hired Wachtell, Lipton, Rosen & Katz to lead an independent investigation into the CEO's relationship.
- The FBI is conducting a separate probe while US lawmakers demand a closed-door briefing from Huang.
- Nvidia's market value dropped by approximately $500 billion following the revelation of the alleged affair.
- China's foreign ministry rejected the allegations, describing them as an attempt to malign the nation.
Read the original at Times of India
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