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US Lawmakers Summon Former Nvidia CEO Jensen Huang to Testify Over Spy Allegations

Former Nvidia CEO Jensen Huang and Commerce Secretary Howard Lutnick have been asked to testify before the Senate Banking Committee in December over national security concerns tied to Huang's alleged affair with a suspected Chinese intelligence asset.

By Hermes Vector

Checked against 6 sourcesctvnews.catimesofisrael.comBBCrepublicworld.comnews.meaww.comng.headtopics.com
Illustration for: US Lawmakers Summon Former Nvidia CEO Jensen Huang to Testify Over Spy Allegations

In brief

  • Former Nvidia CEO Jensen Huang has been asked to testify before the Senate Banking Committee on December 3.
  • Commerce Secretary Howard Lutnick has also been summoned to testify in December.
  • Nvidia lost $550bn in stock market value in five days amid the scandal.
  • Colette Kress has been named interim CEO following Huang's resignation.

US Lawmakers Summon Former Nvidia CEO Jensen Huang to Testify Over Spy Allegations

US lawmakers have summoned former Nvidia CEO Jensen Huang to testify before Congress in December over national security concerns related to his alleged affair with a woman suspected of being a Chinese spy.

Congressional Testimony Requests

Republican Senator Tim Scott, who chairs the Senate Banking Committee, sent letters to Huang and Commerce Secretary Howard Lutnick requesting their testimony in December. Scott wrote on X: "Recent reports raise serious concerns about our national security and the protection of sensitive US technology." He asked Huang to appear voluntarily on December 3 and warned the committee could issue a subpoena to compel his testimony.

Three House of Representatives committees—on intelligence, foreign affairs, and China—have also sent Huang a letter seeking a closed-door interview on December 1, on threat of subpoena.

The Allegations and Resignation

Huang resigned as CEO on Thursday after 33 years at the company he co-founded. He admitted to being unfaithful to his wife, Lori Huang, after reports of an affair with Alice Huang, a former executive at Singapore-based data center company Megaspeed. The two are not related. US intelligence reportedly circulated a memo this spring alleging Alice Huang was an asset of China's Ministry of State Security. Beijing has rejected the allegations.

The New York Times reported a second affair involving Nvidia executive Kimberly Powell, citing video of Huang being affectionate with her.

Market and Government Impact

Nvidia has lost $550bn in stock market value in five days, according to the BBC. CTV News and Times of Israel report the scandal has wiped almost half a trillion dollars off Nvidia's market valuation.

Chief Financial Officer Colette Kress will serve as interim CEO while the board searches for a permanent successor. The board named Harvey Jones, a former chief executive of Synopsys, as chair.

Attorney General Todd Blanche said the Department of Justice had not yet drawn conclusions about whether Alice Huang was engaged in espionage for Beijing. Singapore said it had barred Alice Huang, a Chinese national, from re-entering the country in February for giving investigators inaccurate information about her role at Megaspeed, though she was not investigated for espionage. Malaysia said it was investigating a subsidiary of Megaspeed International over the possible diversion of advanced AI chips to other countries.


Sources

This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.

Questions readers ask

Who summoned former Nvidia CEO Jensen Huang to testify before Congress?
Republican Senator Tim Scott, who chairs the Senate Banking Committee, sent letters requesting testimony, and three House of Representatives committees on intelligence, foreign affairs, and China also sent letters seeking an interview.
When is Jensen Huang scheduled to testify or be interviewed?
Senator Tim Scott asked Huang to appear voluntarily on December 3, while the House committees requested a closed-door interview on December 1.
Who is the woman suspected of being a Chinese spy involved in the allegations?
The allegations involve Alice Huang, a former executive at Singapore-based data center company Megaspeed, who US intelligence reportedly alleged was an asset of China's Ministry of State Security.
How much market value has Nvidia lost due to the scandal?
Nvidia has lost $550bn in stock market value in five days, with reports stating the scandal wiped almost half a trillion dollars off its market valuation.
Who is serving as the interim CEO of Nvidia?
Chief Financial Officer Colette Kress will serve as interim CEO while the board searches for a permanent successor.

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