“Didn’t know the other person was a spy”... Jensen Huang, who admitted to an affair, now faces a shareholder class-action lawsuit

[Financial News] Jensen Huang, Nvidia’s CEO, who admitted to having an affair with a woman suspected of being a Chinese spy, is now facing an FBI investigation, demands from Congress for answers, and a shareholder class-action lawsuit. U.S. President Donald Trump defended Huang, but calls for tighter restrictions on semiconductor exports to China continue from both Democrats and Republicans.
Trump said on the 9th (local time), publicly confirming that he had spoken directly with Huang: “He said he had absolutely no idea that the woman was a spy, and I believe him.”
He also said an investigation was underway, saying, “The FBI is looking into the matter.” He did not make clear whether he would raise the issue with Chinese President Xi Jinping.
That same day, a complaint seeking to pursue a shareholder class-action lawsuit against Nvidia and Huang was filed in a federal court in California. The shareholders alleged that Huang had misled investors by concealing his relationship with Alice Huang, a former executive at the Singaporean company Megaspeed International who is suspected of being a Chinese intelligence operative.
Nvidia shares fell 4.3% that day, and its market capitalization declined by about $190 billion (about 280 trillion won).
Efforts to investigate the allegations are also continuing in the U.S. Congress. Three Republican chairs of House standing committees called on Huang to attend a closed-door briefing on the upcoming 18th.
House Minority Leader Hakeem Jeffries, a Democrat, also requested a separate briefing from the intelligence agencies. Meanwhile, China’s state-run Global Times criticized U.S. media in a commentary on the 10th, saying it was turning Huang’s affair into a national security issue.


[email protected] Han Seung-gon Reporter