Trump Says FBI Investigating Nvidia CEO Over Alleged Chinese Spy Affair

United States President Donald Trump announced that the Federal Bureau of Investigation is looking into the relationship between Nvidia Chief Executive Jensen Huang and an alleged Chinese spy. President Trump stated that he spoke with Huang on Monday following reports that US intelligence believed the executive had been targeted in a Chinese espionage campaign. When asked if Huang had any knowledge of the woman's alleged affiliations, Trump told reporters that the CEO claimed he had no idea and that the president genuinely believed him.

The controversy centers around Alice Huang, who is also known as Huang Le and served as the managing director of the Singaporean company Megaspeed. US intelligence officials reportedly believe she operated as a spy for Beijing. According to a New York Times report, Secretary of State Marco Rubio issued a memo to top Washington officials in the spring warning that the Nvidia chief executive was involved in a close relationship with a Chinese spy. Alice Huang is not related to Jensen Huang.

The revelations immediately impacted the financial markets, wiping approximately $250 billion off Nvidia's market value on Monday as the company's shares fell by more than 4%. In response to the reports, Nvidia's board of directors initiated an independent investigation overseen by a committee of independent directors and outside counsel. The company stated that it has no reason to believe that national security or corporate secrets were compromised, and that Jensen Huang fully supports the inquiry.

Beijing strongly rejected the accusations linking Huang to a Chinese espionage campaign. The Chinese foreign ministry dismissed the claims as entirely groundless and speculative, arguing that the allegations were intended to smear and malign China. Meanwhile, the FBI has declined to comment on the matter, and Nvidia shares have faced intense market scrutiny amid the ongoing developments.

In addition to the federal inquiries, Huang and Nvidia were named in a proposed class-action lawsuit filed in California on Monday. The legal action accuses the defendants of defrauding shareholders by allegedly concealing the CEO's ties to the suspected Chinese operative and lying to the media. The lawsuit further alleges that the individual sought to help smuggle Nvidia products into China.

The situation underscores the intense geopolitical sensitivity surrounding Nvidia, which designs advanced computer chips that are critical to artificial intelligence technology. Because US officials treat Nvidia exports to China as a matter of national security, the CEO's relationship has sparked widespread concern in Washington. Furthermore, Huang has been requested to appear at a joint closed-door briefing before several congressional committees next week to discuss security protocols against foreign espionage.

Despite the heavy public attention and pending investigations, workers at Nvidia's Santa Clara headquarters reported that operations continued as usual on Monday. Jensen Huang has admitted to being unfaithful to his wife, apologizing for the pain caused to his family, and emphasized his commitment to protecting Nvidia and supporting American national security while cooperating fully with the investigations.