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Nvidia probes alleged spy plot involving CEO Huang
Nvidia is investigating whether CEO Jensen Huang was the target of a foreign intelligence effort after he admitted to an extramarital affair with Alice Huang, a Chinese businesswoman suspected of spying for Beijing, the Korea Times and KBS World report. The company's board opened an independent probe on Sunday, and the controversy has erased about $430 billion to $470 billion in market value over two sessions, with a shareholder lawsuit alleging investors were misled. Business Korea adds that a report claims advanced AI chips worth about 11 trillion won ($7.5 billion) were diverted to China through personal connections with Huang. Korean media frame the case as a national security concern for the U.S., with the Korea Times noting that U.S. intelligence officials allege Alice Huang passed information, and the outlet warns the 'honey trap' scandal has put Korea on alert given its reliance on Nvidia chips.
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