Nvidia’s CEO, Jensen Huang, admitted to an extramarital affair, prompting a $350bn sell-off in the company’s stock. The affair, which involves a female business executive, has led to internal investigations into potential espionage ties. US officials suspect the relationship may have been part of a broader “spy plot” aimed at China.
China has categorically denied any involvement in the alleged espionage, calling the claims a “smear campaign.” A spokesperson for China’s Ministry of Foreign Affairs, Guo Jiakun, stated the allegations are “unsubstantiated” and “nothing but smears against China.” The Chinese government has not provided evidence to counter the accusations.
The controversy has intensified scrutiny of Huang’s business connections, particularly with Singapore-based Megaspeed International, a major Nvidia customer. Megaspeed is under investigation for allegedly diverting AI chips to China. Reports suggest the company may have been founded and led by an executive linked to Huang.
The scandal has sparked mixed reactions across Asia, where Huang is widely popular. While some view the allegations as a political attack, others see them as a legitimate concern over national security. The situation remains under active review by both US and Chinese authorities.
