Nvidia hires leading US law firm to investigate Jensen Huang’s relationship
Summary
Nvidia hired Wachtell, Lipton, Rosen & Katz to investigate reports that CEO Jensen Huang was targeted by a foreign intelligence effort involving an alleged Chinese spy. The company said Huang would continue to lead Nvidia during the investigation, which has no announced timetable.Key Facts
- The investigation will be led by Wachtell partner Joon Kim, a former federal prosecutor in New York.
- Nvidia described the review as thorough and independent but did not provide a timeframe.
- Reports said Huang had a relationship with Alice Huang, an alleged Chinese spy and Nvidia customer; Nvidia said she is not related to its CEO.
- Huang said he had been unfaithful to his wife, without directly referring to Alice Huang, according to the article.
- The article says Nvidia’s market value fell by $430 billion as investors assessed the possible effects of the scandal.
- U.S. ambassador to China David Perdue said the situation underscored the need for vigilance and linked national security with economic security.
- Wachtell has handled major corporate matters and investigations, and Kim previously served as acting U.S. attorney for the Southern District of New York.
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