Trump Backs Nvidia CEO Jensen Huang Amid FBI Espionage Investigation
Donald Trump voiced support for Nvidia CEO Jensen Huang amid an FBI investigation into claims involving a Chinese spy. Huang maintains he had no knowledge of the situation.
BEIJING, Nov 10: Donald Trump has expressed support for Nvidia CEO Jensen Huang, who is under investigation by the FBI for potential links to an alleged Chinese spy. This development arose after a report indicated that Huang may have been targeted in a Chinese espionage scheme involving Alice Huang, also known as Huang Le.
During a press conference, Trump recounted a recent conversation with Huang, stating, “He said ‘I had no idea she was a spy’ and I really believe him.” The incident has raised concerns about national security, particularly given Nvidia’s significant role in the global AI industry.
Huang, who co-founded Nvidia in 1993, has transformed the company into a leader in AI technology. Its chips are crucial for various applications in artificial intelligence, and the company has become a focal point in the ongoing technology competition between the U.S. and China. Following the allegations, Nvidia’s market value dropped by approximately $250 billion as investors reacted to the unfolding situation.
Beijing has denied the allegations against Huang, labeling them as “entirely groundless, speculative and intended to smear and malign China,” according to its foreign ministry. Nvidia has initiated an independent investigation, stating there are no indications that the company’s secrets or national security have been compromised.
Trump confirmed that the FBI is investigating the matter, although he did not detail when the probe commenced or the specific focus of the investigation. The U.S. intelligence community reportedly views Alice Huang as a spy for China. She previously served as managing director of Megaspeed, a Singaporean company that has interacted with Nvidia.
In addition to the FBI inquiry, Jensen Huang has been invited to a closed-door briefing by several Congressional committees. These committees are interested in discussing Nvidia’s security measures against foreign espionage and Huang’s engagements with Alice Huang.
While Huang admitted to being…
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