Jensen Huang, former top executive of chip giant Nvidia, has been summoned to testify before a US Senate committee. Huang resigned yesterday following a new revelation about an extramarital affair.
The New York Times reported that Huang had an affair with a direct subordinate within Nvidia. Earlier, Huang admitted to having a relationship with someone else. According to various media, this involved his namesake Alice Huang, who is suspected of spying for China.
There appears to be doubt within US intelligence agencies about the relationship between this Chinese businesswoman and the Chinese government. Last week, sources within the agencies told US media that there is evidence she worked as a spy. Other sources now deny this to CNN.
According to CNN, the FBI has been investigating the affair with the alleged spy for at least a year. She is the former head of the Singaporean company Megaspeed, a major customer of Nvidia chips.
Senate Committee
Former CEO Huang has been called to account before the Senate Banking Committee. One of the senators, Republican Tim Scott, has requested Huang to voluntarily appear on December 3. If he does not, he can be subpoenaed. Then he must testify compulsorily. "The American people deserve answers," Scott says on X.
The United States is concerned about the possibility that advanced chips could fall into Chinese hands, enabling China to modernize its military faster and develop AI models better. The US has been trying to prevent this for years with export restrictions. Nvidia plays an important role in the global AI race with its chips.
Committees of the House of Representatives also want to speak with the former executive about his affairs. This would take place behind closed doors. The committees deal with foreign intelligence, including China.
Minister in the Spotlight
US Secretary Lutnick of Commerce has also been called to testify before the Senate committee. His actions are being investigated due to the export of Nvidia AI chips to China. Anonymous officials within the Trump administration told US media that Lutnick blocked attempts to tighten export restrictions on AI chips to China.
According to a spokesperson for his ministry, Lutnick will appear before the committee on his own initiative.
What is Nvidia?
The American technology company Nvidia is one of the key players in artificial intelligence. The company designs advanced chips, which are used among other things to develop AI systems. Due to the enormous increase in demand for these chips, Nvidia has grown into one of the most valuable companies in the world.
In the past five days, Nvidia lost 550 billion dollars (over 497 billion euros) on the US stock market. Yesterday, Nvidia fell more than 4 percent, after earlier in the day experiencing a much larger price loss.
Investors have questions about the possible impact of Huang's departure from Nvidia on the development of the technology. The former executive was the face of Nvidia and was considered by some in the industry to be even more important than Nvidia itself.