Nvidia investigates reported targeting of CEO as China denies spy allegation

Nvidia has launched an independent investigation after reports that its chief executive, Jensen Huang, was the target of a foreign intelligence effort. The inquiry comes as the company’s advanced chips play a central role in artificial intelligence and are subject to US export restrictions intended to limit China’s access to cutting-edge technology.

The BBC reports that the inquiry concerns reports of a close relationship between Jensen Huang and Alice Huang, a former managing director of Singapore-based data centre company Megaspeed. Nvidia’s board did not name Alice Huang in its statement.

The New York Times reported that US officials suspect Alice Huang of collecting intelligence for a Chinese spy agency, according to the BBC. China has denied the allegation, calling it groundless.

Alice Huang previously worked as a television reporter in China, according to the Associated Press. The news agency says Megaspeed has become one of Nvidia’s largest customers in South-East Asia and cites a New York Times report that the company bought more than $4.8bn worth of Nvidia chips over the past two years. The Times also reported that Alice and Jensen Huang are not related.

In a letter to employees, Jensen Huang apologised for being unfaithful to his wife and said he would cooperate fully with the investigation. He did not name Alice Huang in the letter.

Nvidia says a committee of independent directors, assisted by independent external lawyers, will oversee the inquiry and examine all available information. The board expressed confidence in Huang and his leadership team. A company spokesperson said Huang would remain chief executive during the investigation.