Nvidia launched an investigation after reports that its chief executive, Jensen Huang, was the target of a foreign intelligence campaign. The company’s board said an independent-director committee and outside counsel would oversee the inquiry, while Huang admitted to an affair with Alice Huang, a Megaspeed executive whom U.S. authorities suspected of working for China. Singapore-based Megaspeed purchased more than $4.8 billion in Nvidia chips over the past two years. The reports came as the Pentagon was said to be preparing espionage and technology-sabotage programs, a strategy the Defense Department denied. The Trump administration has also restricted exports of some of Nvidia’s most advanced chips to China, reflecting the intensification of the U.S.-China technology rivalry.
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