Nvidia’s board has opened an independent investigation after CEO Jensen Huang acknowledged romantic relationships, including one with Alice Huang — a former television journalist who founded Megaspeed and became a semiconductor power broker renting advanced chips to China’s top firms. Documents reviewed by Bloomberg show a Chinese company founded by Alice Huang procured smuggled AI chips installed at a Shanghai data center linked to Megaspeed. The New York Times reports Huang told the board his relationship with a female customer was 'just about business,' and that what he concealed led to his resignation; Megaspeed says the suspected spy left the company in 2025. Reuters reports Huang misled several Nvidia leaders, including general counsel Tim Teter, about the nature of his relationship with Alice Huang. The board said it has no reason to believe national security or company secrets were compromised, while Huang apologized to staff and took “full responsibility.” President Trump said the FBI is “looking into” the affair; the probe has widened to whether the Commerce Department, overseen by Howard Lutnick, shielded Nvidia as calls for tougher chip controls grew. Huang has agreed to testify before the House behind closed doors, though no date is set, and The Verge's overview traces how a personal scandal became a test of the AI boom. Tech leaders and major shareholders are rallying behind Huang: a petition to reinstate him has topped 100,000 signatures, while interim CEO Colette Kress tries to steady the company. Shares have slumped and the stock saw a historic split from the S&P 500, while China calls the spying claims 'baseless' smears. Now a “war room” of allies is lobbying the board and courting White House support for his return, and the Financial Times reports Huang has discussed a comeback with confidants as the “Stand With Jensen” movement spreads.
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