FBI Investigates Nvidia CEO’s Relationship with Woman Suspected of Spying for China

Trump said he spoke to Huang by phone on Monday and asked whether he knew that Alice Huang, the woman reportedly involved with him, was suspected of being a Chinese spy. According to Trump, Jensen Huang denied knowing about her alleged intelligence links.

“I had no idea she was a spy,” Trump quoted Huang as saying, adding that he believed him.

A report by The New York Times said US intelligence officials suspect Alice Huang, also known as Huang Le, of working for Beijing. She previously served as managing director of Singapore-based company Megaspeed, which has had business dealings with Nvidia. She is not related to Jensen Huang.

Trump confirmed that the FBI was investigating the matter but did not disclose when the investigation began or provide further details.

Nvidia, meanwhile, has commissioned an independent investigation into the allegations. The company said it had no reason to believe its trade secrets or US national security had been compromised.

The controversy has already affected the company's market value. Nvidia reportedly lost approximately $250 billion in market value on Monday as its shares fell by more than 4%.

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China has rejected the allegations, describing them as baseless and an attempt to damage its reputation.

Meanwhile, Jensen Huang and Nvidia have been named in a proposed class-action lawsuit in California. The lawsuit accuses them of concealing information about his relationship with Alice Huang, potentially misleading shareholders. Nvidia has not publicly commented on the lawsuit.