Nvidia board probes possible foreign targeting of its chief
Nvidia's board has opened an independent inquiry into whether a foreign intelligence service targeted CEO Jensen Huang. U.S. authorities are probing Singapore-based Megaspeed over suspected shipments of restricted Nvidia chips to China, with reports citing at least $7.5 billion in chips moved. Nvidia says it has found no evidence of illicit chip transfers. Megaspeed denies wrongdoing, says it will cooperate with U.S. investigations and has retained a U.S. law firm to census its graphics processing units. China dismissed the spying allegations as smears.
Key facts
- U.S. intelligence reportedly identified Alice Huang as recruited by China's Ministry of State Security to gather information on Jensen Huang.
- U.S. investigators allege Alice Huang used shell companies to obtain 240,000 Nvidia chips banned for export to China.
- Singapore authorities are separately investigating Megaspeed for suspected breaches of domestic laws.
- Megaspeed was incorporated in 2015 as 7Road International and lists Singapore as its main office.
Summarised with AI from 5 sources · Updated 12:41Read our AI policy
Why it matters
The probe could affect U.S.-China tech tensions and investor confidence in Nvidia.
What changed
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Fortune joined as a source
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Hindustan Times and CNA joined as sources
First published from CNBC