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Nvidia Stock News: Special Committee To Probe Jensen Huang Controversy
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Nvidia’s board has set up a special committee of independent directors, supported by outside lawyers, to review allegations involving CEO Jensen Huang. The move follows reports that Huang had a relationship with Alice Huang, a former senior executive at Singapore-based Megaspeed International, whom US intelligence agencies reportedly suspected of having ties to Beijing. In a letter to employees obtained by the Washington Post, Huang reportedly apologised for being unfaithful to his wife and said his actions had hurt his family. The board said it currently has no reason to believe national security or Nvidia’s confidential information was compromised, but the committee will examine all available information. Huang has backed the review and pledged full cooperation. No wrongdoing has been found. Megaspeed, a major buyer of Nvidia chips, has faced US scrutiny over suspected diversion of processors to China.
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