00:00Jensen Huang, founder and CEO of NVIDIA, was at the center of a controversy
00:05which hit the company hard and even strained relations between the United States and China.
00:10The businessman admitted to his employees that he had been unfaithful to his wife.
00:14There is no excuse for what I did, he wrote.
00:16Almost simultaneously, NVIDIA's board of directors announced an independent investigation
00:20Regarding reports that Huang was the target of an intelligence operation
00:25foreigner.
00:25The case revolves around Alice Huang, a woman with no relation to the businessman and
00:30former executive of Megaspit, a Singapore-based data center company that buys
00:35NVIDIA semiconductors.
00:36According to The New York Times, US agencies suspect he worked for the Ministry of
00:41Chinese State Security and that would have transmitted information to Beijing.
00:45Megaspit has also been investigated for its alleged involvement in chip diversion.
00:50towards China to evade Washington's trade restrictions.
00:53For now, there is no public evidence that Alice Huang accessed NVIDIA secrets.
00:58or has handed them over to China.
00:59The company stated that it has no reason to believe its confidential information was compromised.
01:03or U.S. national security is compromised.
01:06He also said that he maintains his confidence in Huang.
01:09The market reaction was immediate.
01:11The stock fell by nearly 5% before the opening of Wall Street, representing
01:16a loss of more than $200 billion in market capitalization.
01:21The drop added to an 18.6% decline over the past month, amid a correction
01:27broader in the technology sector.
01:29Donald Trump defended the businessman and called him an honorable man.
01:33China, for its part, rejected the accusations.
01:35Three Republican congressmen requested a closed-door meeting with Huang for November 18.
01:41NVIDIA's investigation is just beginning.
01:51Bye!
01:52Bye!
01:52Bye!
01:53Bye!
