Nvidia hires law firm to investigate CEO Jensen Huang's relationship
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In 50 words
Nvidia has hired New York law firm Wachtell, Lipton, Rosen & Katz to investigate chief executive Jensen Huang's relationship with Alice Huang, an alleged Chinese spy, the company said on Tuesday. The FBI is also investigating. Nvidia shares have lost more than $500bn in value since Friday.
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Why it matters
Nvidia is described as the sole maker of a key chip for running AI tools, so the probe and the share fall are closely watched by the global tech industry and investors.
What's next
The US House Committee on Foreign Affairs has asked Jensen Huang to attend a closed-door briefing next week, and its chair, Brian Mast, said he would issue a subpoena if necessary.
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