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Huang Shakes Tech Giant

Huang Shakes Tech Giant

Alice Huang, a former executive at Megaspeed, has featured in reports about a close professional relationship with Nvidia CEO Jensen Huang, amid U.S. allegations that she passed information to Beijing and reports that Megaspeed may have helped Chinese companies obtain Nvidia chips despite export restrictions. The case rattled markets: the newspaper reported that news of the relationship wiped about $1 trillion off the company’s market value, while its shares fell 7% in premarket trading. Nvidia denied that there was anything unusual about its CEO’s communications with Huang. Singapore said the police investigation into Megaspeed was ongoing, and the company said the developments would not disrupt his leadership or its trajectory.

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