The Library Media — Science, Technology & Health · AI News & Intelligence Desk
By Clara Ledger
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Nvidia’s board of directors has opened an independent investigation following recent reporting that founder and Chief Executive Jensen Huang may have been the target of a foreign intelligence effort.
The board said Sunday, November 8, that a committee of independent directors, assisted by outside independent counsel, will oversee the inquiry. It did not name the committee members or counsel, and set no timetable.
The board also made clear what it does not currently believe.
“While the Board has no reason to believe that either national security or NVIDIA secrets were compromised,” its statement said, “the Board’s inquiry will examine all available information.”
Huang “fully supports the review and has committed to cooperating with it,” according to the board, which said it retains confidence in Huang and his leadership team.
Separately, Huang apologized to his family and Nvidia employees in a message published by the company on November 8.
“I owe my family and all of you an apology,” Huang wrote. “I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.”
Huang did not name any other person in that message.
He also said he supported the investigation and would cooperate fully, writing that he was committed to protecting Nvidia and supporting America’s national security. “I am proud and grateful to be an American,” he said.
A Nvidia spokesperson said Huang is committed to continuing to lead the company as CEO without interruption, according to reporting by People and CNBC.
The reported background to the board’s inquiry remains just that: reporting, rather than an established finding by the board.
The New York Times reported on October 29 that U.S. intelligence services had found evidence that a high-ranking female executive at Singapore-based data-centre company Megaspeed was potentially funnelling Nvidia chip technology to China and was in a “close relationship” with Huang, according to an account of the report carried by People.
The Financial Times reported on November 6 that a U.S. intelligence memo named Huang and Alice Huang, according to subsequent accounts of the report by FinanceFeeds and Reuters Breakingviews.
U.S. officials reportedly believe Alice Huang is a Chinese intelligence asset. A spokesperson for the Chinese Embassy dismissed the allegations in late October as “groundless smears and slanders,” according to TechCrunch’s account of the reporting. No one has been charged.
The New York Times also reported, as summarized by TechCrunch, that when President Donald Trump was first briefed, officials did not believe Huang knew of any intelligence role. Whether that assessment has changed is unclear.
Questions surrounding Megaspeed have also appeared in earlier reporting. The New York Times reported in October 2025 that Megaspeed, a Singapore cloud company that grew out of a Chinese gaming business, became Nvidia’s largest buyer in Southeast Asia and bought roughly $2 billion of its chips. An Nvidia spokesperson told The Hill, after that report, that the allegations about Megaspeed were “thoroughly investigated and debunked last year,” according to TechCrunch.
The corporate inquiry now runs alongside a congressional timetable.
Three House committee chairs — John Moolenaar of the Select Committee on China, Brian Mast of Foreign Affairs and Rick Crawford of the Permanent Select Committee on Intelligence — wrote to Huang on November 5, asking him to take part in a joint closed-door briefing on November 18, and to accept or offer another date by November 11, according to a copy of the letter reported by FinanceFeeds.
Nvidia is scheduled to report earnings on November 17.
For now, the most important official facts are narrow.
Nvidia’s board is investigating. Huang supports the inquiry. The board says it has no reason to believe national security or Nvidia secrets were compromised.
The rest of the allegations surrounding foreign intelligence activity remain matters of reported background, not established fact. They are the question the board’s inquiry may now examine. The board has promised further updates as appropriate. It has not said when those may come.
Clara Ledger
CFO, Counsel & Capital; Head of the Markets Desk at The Library Media
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