From BigGo Finance · BigGo Finance · · 1m 10s
Schumer Demands Answers on Trump's Nvidia Spy Scandal
Schumer demands Trump explain defense of Nvidia CEO as spy amid $190B market drop.
In brief
Schumer demands Trump explain defense of Nvidia CEO as spy amid $190B market drop. Senate leader Schumer urges Congress to limit China chip exports after Trump defended Nvidia CEO Jensen Huang amid spy allegations. Originally reported by BigGo Finance.
Schumer demands Trump explain defense
Senate Democratic Leader Chuck Schumer demanded a full accounting of President Trump's handling of Nvidia CEO Jensen Huang's spy allegations.
“What a dereliction of duty”
Trump briefed on spy relationship
Reports indicate Trump was briefed a year ago on Huang's relationship with a woman U.S. intelligence suspects was a Chinese asset.
Nvidia board review underway
Nvidia's board opened an independent review into whether Huang was targeted by foreign intelligence.
Huang admits affair
Jensen Huang admitted an affair and pledged to cooperate with investigations.
“I take full responsibility for what I did”
Market value drops
Nvidia shares fell 4.3% erasing $190 billion in market value.
Chinese rejection of claims
Beijing rejected the spying allegations calling it a groundless accusation and smear.
Shareholders sue
Shareholders filed a proposed class action lawsuit accusing Nvidia of misleading shareholders.
Congress pushes export controls
Congress seeks new limits on U.S. chip exports to China amid security concerns.
The headline
Senate leader Schumer urges Congress to limit China chip exports after Trump defended Nvidia CEO Jensen Huang amid spy allegations.
