Nvidia CEO Jensen Huang to Testify Before Congress on China Intelligence Ties
Jensen Huang, the outgoing CEO of Nvidia, will testify before Congress before Thanksgiving regarding reported ties to a Chinese intelligence asset. The confirmation came from House Foreign Affairs Committee Chairman Brian Mast shortly after Huang was removed as CEO on Thursday. Huang stepped down after reports of an extramarital relationship with a Chinese businesswoman identified by US authorities as a Beijing intelligence asset. Nvidia shares fell 5.77% following the news. Mast stated the testimony will occur via video and be transcribed, with the exact date still being negotiated. Huang had been summoned by three Republican lawmakers, with Mast threatening a congressional subpoena if he did not comply. Nvidia has appointed CFO Colette Kress as interim CEO while a permanent successor is sought.