Nvidia CEO steps down amid spy scandal and market-value plunge
Nvidia has said its chief executive, Jensen Huang, has stepped down after allegations linking him to a suspected Chinese spy and an executive affair. The move comes as the company faces intense scrutiny over its business ties in Southeast Asia and concerns about access to advanced chips. Nvidia also said it has appointed Colette Kress, its chief financial officer and executive vice president, as interim chief executive.The company has lost more than $600bn in market value this week, according to the supplied report, after its shares fell sharply in pre-market trading. The board met on Wednesday night to discuss Huang's... [Continue Reading]
360LiveNews | 12 Nov 2026 14:29 LONDON
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China rejects US Nvidia spy claims amid tech blockade dispute
China has accused the United States of "fabricating spy narratives" to justify what it called a technology blockade, escalating a dispute that has already drawn in Nvidia chief executive Jensen Huang. Foreign ministry spokeswoman Mao Ning said Beijing rejects the allegations and sees them as part of a wider effort to restrict China's access to advanced technology. The comments came after reports linking Huang to an alleged Chinese intelligence plot.Mao said China's technological progress is driven by independent innovation and open cooperation, and urged the US side to stop using spying claims as a pretext for imposing restrictions. The row... [Continue Reading]
360LiveNews | 12 Nov 2026 10:02 LONDON
US intelligence reportedly links former tech executive Alice Huang to Beijing espionage allegations
US intelligence reportedly believes that former tech executive Alice Huang was recruited by Beijing, according to a briefing published on Thursday. The allegation has drawn attention because Huang is described as having formed a romantic relationship with Jensen Huang, the founder of Nvidia, one of the most influential companies in the artificial intelligence sector. The report says the case has raised questions about the security of the AI industry and about how closely Chinese intelligence services may be seeking access to sensitive technology networks.The briefing says Huang is a Shanghai executive and notes that she is not related to Jensen... [Continue Reading]
360LiveNews | 12 Nov 2026 06:59 LONDON
