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CNN Arabic
Source: CNN Arabic
8 HrsCNN Arabic
Source: CNN Arabic
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Nvidia and its CEO, Jensen Huang, are facing scrutiny following reports of a relationship between Huang and Alice Huang, an executive at Megaspeed and one of Nvidia’s customers. A confidential U.S. intelligence memo concluded in May that she was working for China, and the company is under federal investigation over suspicions that it transferred U.S. chips to China. Nvidia’s board has opened an independent investigation into a possible conflict of interest and whether Huang or the company misled the board and investors, amid lawsuits and potential allegations involving disclosure violations and securities fraud. Nvidia shares fell by as much as 9% after Huang acknowledged the relationship and the investigation began, while one analyst estimated that Huang’s absence from the helm could put roughly $1 trillion of the company’s value at risk.
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