
Washington, DC: The NVIDIA Board said in a statement that it is initiating an independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort.
"A committee of independent directors, assisted by outside independent counsel, will oversee the investigation.," read the statement.
"The Board prioritizes U.S. national and economic security, which is paramount to the interests of NVIDIA and its shareholders. While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board's inquiry will examine all available information. Jensen fully supports the review and has committed to cooperating with it. The Board has confidence in Jensen and his leadership team and will provide further updates as appropriate," it added.
Following the announcement of the board inquiry, Fox News reported that Jensen Huang has admitted to an extramarital relationship with a tech executive suspected of spying for China.
In an internal apology addressed to company employees and reported by Fox News, Huang acknowledged personal wrongdoing and unfaithfulness to his family.
"I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did," Huang stated in the message cited by the network.
According to Fox News, Huang was involved in an intimate relationship with Megaspeed executive Alice Huang, whom United States intelligence agencies had identified as a Chinese intelligence asset.
The relationship and prior intelligence warnings concerning the executive have now triggered intense federal and corporate scrutiny, particularly as Huang has been actively lobbying the Donald Trump administration to ease strict export restrictions on advanced semiconductor and artificial intelligence chip sales to China, Fox News reported.
The Chinese businesswoman, with whom Nvidia's Chief Executive Officer (CEO) Jensen Huang had alleged ties, was recruited as a spy for China’s Ministry of State Security, The New York Times reported, citing a memo circulated among policymakers in the Trump administration.
On Friday, three House Republican committee chairs have asked Nvidia CEO to address, behind closed doors, the reported links with a Chinese businesswoman suspected of providing information to Beijing, Axios reported.
Nvidia has denied the allegations as "baseless".
Trump defends Nvidia CEO Jensen Huang amid FBI probe
United States President Donald Trump has expressed concern for NVIDIA CEO Jensen Huang following allegations that the semiconductor tycoon was involved in an affair with a suspected Chinese spy, describing the tech executive as a "very high-quality person" while stating he hopes national security has not been compromised.
Addressing the media, Trump said, "When I heard about it, first of all, I was amazed because I view him as a very high-quality person, and have known him a long time. It's actually the largest, I think by value it's probably the largest, or one of the largest companies in the world. He did that with a chip."
Trump said he spoke with Huang earlier and asked whether he knew about the woman's alleged ties to Chinese intelligence, as reported by Fox News.
"He said, 'I had no idea that she was a spy and I really believe him,'" Trump said.
Underlining NVIDIA's technological dominance, Trump highlighted that Huang's engineering breakthroughs remain unmatched globally.
"You know, when you think about it, he's got a chip that's 10 years advanced, because of the complexity, can't even—the Blackwell—can't even be copied. He's an amazing guy," the President remarked.
Addressing potential national security and intelligence ramifications linked to the alleged Chinese espionage attempt, Trump stated, "I just there's no problem. If there is a problem, we'll let you know about it, but I hope there's no problem."
The President also noted that he had reviewed Huang's public response to the controversy, expressing sympathy over the severe personal and familial strain facing the executive.
"I believe he's suffering greatly. I read his statement, and I believe he's suffering greatly. Uh, more so because of his family, his wife who he loves, and his family. But he is definitely suffering," Trump added.