Nvidia’s board of directors announced on Tuesday that it has retained Wachtell, Lipton, Rosen & Katz to conduct an independent investigation into chief executive Jensen Huang. Joon H. Kim, the former acting U.S. attorney for the Southern District of New York, will lead the inquiry into whether company secrets or national security were compromised. Huang admitted on Sunday to having an affair with a woman whom the New York Times and Financial Times reported had connections to Chinese intelligence. The case adds pressure on Nvidia as investors question what the company knew about sales of restricted AI chips to Chinese companies. Nvidia shares fell 6% on Tuesday amid concerns that the investigation could lead to the departure of its co-founder and chief executive.
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