Nvidia, Jensen Huang sued over alleged Chinese spy links, shareholder fraud claims
Nvidia and its Chief Executive Officer Jensen Huang have been sued in a proposed class-action lawsuit accusing them of defrauding shareholders by concealing Huang’s alleged ties to a suspected Chinese spy, according to a court filing cited by Reuters.The lawsuit comes as Nvidia’s board has launched an independent investigation into reports that Huang was targeted by a foreign intelligence operation involving Alice Huang, a former executive at Singapore-based data centre company Megaspeed.US authorities reportedly suspect that Alice Huang was recruited by China’s Ministry of State Security to gather information about the Nvidia chief and the company.The allegations have also drawn scrutiny to Megaspeed, which purchases Nvidia’s artificial intelligence chips and has been investigated over suspicions that it helped Beijing gain access to advanced processors restricted from export to China.China has rejected allegations of involvement in an espionage operation targeting Huang, describing the claims as baseless.“The narrative of a so-called Chinese spy is entirely baseless vilification and smearing,” Chinese Foreign Ministry spokesperson Guo Jiakun said during a media briefing, as quoted by AFP.Nvidia’s board said it had no reason to believe that US national security or the company’s confidential information had been compromised, but would examine all available information as part of its investigation. Huang has backed the probe and agreed to cooperate.The developments also follow Huang’s recent admission in a message to Nvidia employees that he had been unfaithful to his wife. He apologised to his family and colleagues but did not identify the woman involved.
