Nvidia's board of directors said Sunday it has opened an independent investigation following reports that co-founder and CEO Jensen Huang was the target of a foreign intelligence effort. A committee of independent directors, assisted by outside counsel, will oversee the inquiry.
According to The New York Times and the Financial Times, US intelligence agencies have raised concerns that a businesswoman affiliated with Megaspeed, a cloud company and Nvidia customer, has been passing information to Beijing. Megaspeed has been accused of helping restricted Chinese companies obtain Nvidia's AI chips; Nvidia previously said the company had already been investigated for evading export controls.

In an email to staff, Huang acknowledged having an affair with the woman. "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did," he wrote. "Regarding the national security concerns raised in news reports, NVIDIA's Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully."
"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," the board said, adding that it has confidence in Huang and his leadership team. The company said Huang would continue to lead Nvidia "without interruption."
The allegations come as Nvidia sits at the center of US-China tensions over AI chips. Three House Republican committee chairs have asked Huang to attend a closed-door briefing with lawmakers on Nov. 18, a day after Nvidia reports third-quarter earnings.
Asked by reporters in Florida on Sunday whether Huang would join him on his upcoming trip to Asia, Trump defended the Nvidia chief. "I would certainly take him. I haven't heard he's done anything wrong," Trump said. "He dealt with somebody, but so does everybody else."