Nvidia’s board will open an independent investigation into a reported foreign intelligence effort targeting CEO Jensen Huang, first reported by Ft. Huang acknowledged an affair in an internal message; people familiar with a US intelligence-based memo said it linked him to a Megaspeed executive whom US intelligence believed had been recruited by China’s Ministry of State Security.
A committee of independent directors, assisted by external lawyers, will oversee the inquiry. The board’s statement pairs its current view with an open inquiry: it says there is no reason to believe national security or Nvidia secrets were compromised, while pledging to examine all available information.
Huang apologized to his family and colleagues in the message to employees and said he would fully cooperate with the inquiry. Nvidia had previously dismissed suggestions of an improper relationship with Alice Huang, describing their interactions as “nothing unusual or unexpected” when dealing with an Nvidia customer.
Alice Huang is an executive at Megaspeed, a Singapore-based Nvidia customer. The US government was already investigating Megaspeed over concerns that it was smuggling Nvidia chips into China.
Huang has repeatedly lobbied President Donald Trump for a more permissive approach to shipping Nvidia’s AI chips to China after new export controls in 2025 cut the company off from the market. Trump later allowed exports of Nvidia’s older-generation H200 chips under a deal that gave the US government a cut of sales, but it had minimal impact on Nvidia’s sales as Beijing pushed back against the technology.
Huang co-founded Nvidia in 1993, and the company’s success is more closely tied to him than that of most technology groups. He leads a close core team of about half a dozen executives while directly managing dozens of reports.
Trump said he did not regret not acting on the intelligence and described Huang as honorable. Nvidia’s Frankfurt-listed shares were down more than 6 percent in early trading Monday.
John Moolenaar, the Republican head of the House China committee, and other lawmakers have requested that Huang testify before Congress about China’s access to sensitive technology and information.
