Is Jensen Huang Toast?

Jensen Huang, head of Nvidia, revealed that he was having an affair with someone named Alice Huang (likely no relation). He has been married to Lori Huang for 40 years.

Okay, big deal. Many business executives have affairs. The president has had several, as have other presidents.

Well, there is a problem. Alice, it appears, was funneling Nvidia chips back to China, through Singapore, in violation of a US ban on that. Singapore law enforcement is investigating them.

Okay, well that is not good, but the black market in high end chips has been around for a long time. big yawn.

But, there is one more small problem. It appears that Alice is a Chinese spy.

Well, yikes, that qualifies as not good in the extreme. What information did she have access to?

Jensen wrote an open letter to employees and shareholders copping to the affair.

Oh, yeah, and she is an executive at Megaspeed, a company that sells high speed (AI) computer services in Asia.

Senior Republican lawmakers are considering investigating Nvidia over this and likely if they don’t in the next six weeks, the new Congress will in January. GOP chairs of the House Foreign Affairs (pun intended), Intelligence and China committees have asked Mr. Huang to come visit them NEXT WEEK.

Russ Walker, a former advisor to the president wants Huang banned from the White House. This could be a serious impediment to the president’s light touch on China.

It also could affect what is in this year’s National Defense Authorization Act; specifically about the control over export of chips.

Nvidia’s Board, I suspect knowing that there will be investor lawsuits, is investigating. They have put outside board members and outside counsel in charge of the investigation.

The stock is down 20% over the last 5 days.

Credit: Gary Marcus

Credit: Politico

Credit: Axios

Credit: Data Breach Today

by