🚨 THE NVIDIA SPY STORY, HOW JENSEN HUANG GOT SCAMMED 👀
1️⃣ The background
The US banned Nvidia from selling its most advanced AI chips to China. Nvidia's China market share fell from 95% to about 50% 📉
2️⃣ The shortcut
A Singapore company called Megaspeed bought nearly $2B of Nvidia's top chips through a Malaysian subsidiary. The chips reportedly sat in data centers in Malaysia and Indonesia, apparently serving Chinese clients remotely. US officials started investigating whether it helped dodge the export rules 🔍
3️⃣ The woman
Alice Huang, a Megaspeed executive, was close to Jensen Huang. The NYT reports a classified memo said China's spy agency allegedly recruited her to gather intelligence on him and nudge Nvidia to lobby for China to get its best chips 🕵️
4️⃣ The admission
Jensen wrote to staff: "I was unfaithful to my wife. My actions hurt her and our children." Nvidia's board opened an independent investigation, and he says he'll cooperate 🔍
5️⃣ What's disputed
China calls the claims unsubstantiated smears. Nvidia's board says it has no reason to believe she obtained trade secrets. Nothing is proven ⚖️
6️⃣ What's next
The board's probe, questions from House Republicans, and a market that already sent Nvidia shares lower 📉
The chips were export-controlled. The scandal wasn't 😂
$NVDAB
1️⃣ The background
The US banned Nvidia from selling its most advanced AI chips to China. Nvidia's China market share fell from 95% to about 50% 📉
2️⃣ The shortcut
A Singapore company called Megaspeed bought nearly $2B of Nvidia's top chips through a Malaysian subsidiary. The chips reportedly sat in data centers in Malaysia and Indonesia, apparently serving Chinese clients remotely. US officials started investigating whether it helped dodge the export rules 🔍
3️⃣ The woman
Alice Huang, a Megaspeed executive, was close to Jensen Huang. The NYT reports a classified memo said China's spy agency allegedly recruited her to gather intelligence on him and nudge Nvidia to lobby for China to get its best chips 🕵️
4️⃣ The admission
Jensen wrote to staff: "I was unfaithful to my wife. My actions hurt her and our children." Nvidia's board opened an independent investigation, and he says he'll cooperate 🔍
5️⃣ What's disputed
China calls the claims unsubstantiated smears. Nvidia's board says it has no reason to believe she obtained trade secrets. Nothing is proven ⚖️
6️⃣ What's next
The board's probe, questions from House Republicans, and a market that already sent Nvidia shares lower 📉
The chips were export-controlled. The scandal wasn't 😂
$NVDAB
