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Nvidia shares slide as CEO Huang affair probe unfolds
Nvidia shares declined on Monday after the company opened an internal investigation into whether CEO Jensen Huang had been targeted by a foreign intelligence effort, following media reports of his relationship with a Chinese businesswoman suspected of passing information to Beijing. Nvidia's board said Huang admitted to an affair with Alice Huang, a businesswoman suspected of working as a spy for the Chinese government, according to KBS World. China's foreign ministry called the "so-called Chinese spy narrative" unsubstantiated, the Korea Times reports. Korean outlets are closely watching the fallout: Business Korea reports the scandal is "spreading like wildfire" and has "fanned Korean chip uncertainty," while also noting the global automaker industry is watching developments given Nvidia's role in the AI semiconductor ecosystem. House Republicans have requested a closed-door briefing with Huang over the allegations.
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