Nvidia hires law firm to probe CEO's affair with alleged Chinese spy

Nvidia launches formal investigation

Nvidia has hired New York law firm Wachtell, Lipton, Rosen & Katz to investigate CEO Jensen Huang's affair with a woman alleged to be a Chinese spy. Attorney Joon Kim will lead the probe.

The woman and the connection

The woman, Alice Huang, is alleged to be a spy for Beijing. She was an executive at Megaspeed, a Singaporean company that has been a customer of Nvidia.

Huang admits to the relationship

Jensen Huang, a co-founder of Nvidia, admitted to having a romantic relationship with a woman outside of his marriage. The FBI is also conducting its own investigation.

Stock market plummets

Shares in Nvidia fell to a near-yearly low on Tuesday, wiping more than five hundred billion dollars off the company's stock market value since Friday.

Congress demands testimony

Congressional leaders of the House Committee on Foreign Affairs have asked Jensen Huang to appear next week for a closed door briefing. The committee has authority to subpoena him if necessary.

Trump backs Huang's denial

US President Donald Trump said Monday he had spoken to Jensen Huang, who told him "I had no idea she was a spy." Trump said he believed him.

“I had no idea she was a spy”

Huang's response remains unclear

Jensen Huang has yet to say whether he will attend the congressional briefing. Nvidia's board said it had no reason to believe company secrets or national security were compromised.