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Nvidia’s China Spy Trap
Nvidia CEO Jensen Huang acknowledged having a romantic relationship with businesswoman Alice Huang, after her suspected ties to China prompted U.S. investigations into the possible diversion of advanced chips to China—allegations denied by Beijing and by Mega Speed. The company’s affiliates purchased billions of dollars’ worth of Nvidia equipment, while records showed a discrepancy involving nearly 50,000 graphics processors, without establishing that they had been smuggled. Nvidia’s board opened an independent investigation, which found no signs of security harm. The company’s shares fell 4.3%, wiping out about $190 billion in market value, then dropped by more than 6% the following day.
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