Nvidia and Jensen Huang sued in US over affair with alleged Chinese spy
California lawsuit comes as Donald Trump says FBI is investigating tech CEO’s links with Alice Huang Business live - latest updates Nvidia’s board needs to do some succession planning - sharpish Nvidia and its chief…
Nvidia and Jensen Huang sued in US over affair with alleged Chinese spy Shareholders’ lawsuit comes as Donald Trump says FBI is investigating tech CEO’s links with Alice Huang
Nvidia’s board needs to do some succession planning – sharpish
Nvidia and its chief executive, Jensen Huang, have been accused of misleading shareholders in a lawsuit over the Chinese spying scandal engulfing the $4.3tn (£3.2tn) company.
The legal action came as Donald Trump said the FBI was investigating Huang’s affair with an alleged Chinese spy.
According to a complaint filed in federal court in California, Nvidia and Huang misled shareholders in connection with the executive’s alleged affair with Alice Huang, a former executive of Singapore-based Megaspeed, who is not related to him.
The lawsuit claims both parties did not disclose that the matter raised national security concerns that threatened the chipmaker’s reputation and business prospects.
The New York Times reported on the alleged relationship last month, and said US authorities had concluded Alice Huang was a Chinese intelligence asset.
Nvidia described its executive’s interaction with Alice Huang as “not unusual or unexpected” in a comment submitted to the New York Times last month, adding that “meetings with customers are part of a CEO’s job; Jensen talks with thousands of customer executives every year”.
On Sunday, Huang admitted he had been “unfaithful” to his wife, without identifying the person involved in the affair.
The lawsuit claims the NYT statement was “materially false and misleading at the time it was made because Jensen Huang had an affair with Alice Huang.”
It also accused the company of making false and misleading statements about its relationship with Megaspeed, which has reportedly been investigated over suspicions that it may have been diverting Nvidia chips to China in contravention of US export restrictions.
Huang said in an interview published on 30 October that “we’ve studied all their [Megaspeed] deployments of our GPUs and counted every one”. He added: “And I think the US government also has as well.”
In a statement last year Megaspeed said it has acted “fully in compliance with all applicable laws, including US export control regulations”.
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- The Guardian10 Nov, 13:45
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