China has strongly rejected allegations that Alice Huang, a businesswoman linked to Nvidia CEO Jensen Huang is a Chinese spy even as the chipmaker’s board considers removing its longtime leader.
Chinese Foreign Ministry spokesperson Mao Ning urged the United States to stop "fabricating so-called spy narratives" and using them as an excuse for a "technological blockade." She emphasized that China’s tech advancement relies on "independent innovation and open cooperation" adding that Beijing remains willing to build a stable also constructive relationship with Washington.
Meanwhile, Nvidia’s board has been meeting to decide whether to oust Huang, 63 following reports of two extramarital affairs, a source familiar with the matter told Reuters. The discussions mark a sharp reversal from Sunday when the board publicly backed Huang and his leadership team.
Nvidia shares fell more than 8% in extended trading after the Wall Street Journal reported the company was preparing to fire him. If those losses hold the AI chip giant will have lost roughly $600 billion in market value since the board launched an investigation into Huang's relationship with Alice Huang.
Co-founded by Huang over three decades ago, the roughly $4 trillion company sits at the center of the global artificial intelligence boom and US-China tech rivalry. Huang holds about 3.6% of Nvidia’s stock and oversees dozens of direct reports also has no obvious successor meaning his exit would create a major leadership vacuum.
Nvidia did not immediately respond to requests for comment on the board's deliberations.
