Trump Defends Nvidia CEO Huang in China Espionage Scandal
President Donald Trump defended Nvidia CEO Jensen Huang on Monday, saying the AI chip giant's leader had "no idea" his mistress was allegedly spying for China, as the company faces a scandal and shareholder investigations. Huang acknowledged an extramarital affair to Nvidia's board, which launched an independent probe after US intelligence suspected Alice Huang of being recruited by Beijing. China dismissed the allegations as "defamation and slander," while Nvidia shares fell 4.27% and a Republican senator demanded congressional investigations. The affair comes as Nvidia, the world's second-most valuable company, lost about $200 billion in market value. The suspect was a senior executive at Singapore-based Megaspeed, under investigation for diverting advanced chips to China, with the case now transferred to the Justice Department for criminal inquiry.