Firm central to Nvidia chief’s affair scandal pledges to cooperate with US probe

Nvidia chief executive Jensen Huang speaks to the media as he attends a meeting between Chinese Premier Li Qiang and US business representatives at the Great Hall of the People in Beijing earlier this year (Go Nakamura/AP)
Nvidia chief executive Jensen Huang speaks to the media as he attends a meeting between Chinese Premier Li Qiang and US business representatives at the Great Hall of the People in Beijing earlier this year (Go Nakamura/AP)
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Megaspeed, the Singapore-headquartered company at the centre of Nvidia chief executive Jensen Huang’s scandal, has pledged to co-operate with investigations into potential risks to US national security.

In its first statement since Mr Huang admitted to having an affair with a Chinese woman and former executive of the data centre firm, Megaspeed International said on Thursday that it takes its obligation to comply with US export control laws “extremely seriously”.

“Megaspeed is committed to working constructively and transparently with the US government,” said the statement signed by its chairman and chief executive Tan Yong Pong, who also goes by James Tan.

Nvidia Jensen Huang Investigation
Nvidia chief executive Jensen Huang listens as US President Donald Trump speaks during an event at the Institute of Peace in Washington DC (Julia Demaree Nikhinson/AP)

Nvidia’s board of directors was reported to be meeting to discuss Mr Huang’s situation, but there was no word early on Thursday on any outcome from those discussions.

The company has said it had “no reason to believe” that either national security or Nvidia secrets were compromised, but that its inquiry would examine all available information.

Details about Mr Huang’s affair with the woman are unclear.

The New York Times reported she was Alice Huang, who also goes by the name Huang Le, and was a top executive at Megaspeed.

The company prominently touts a partnership with Nvidia on its website.

Last month, the Times reported that US intelligence agencies discovered Nvidia’s Huang had developed a close relationship with Alice Huang — and determined she was feeding information directly to Beijing.

US Nvidia Jensen Huang Fallout
US President Donald Trump, right, presents the National Medal of Science to Nvidia boss Jensen Huang (Julia Demaree Nikhinson/AP)

On Sunday, US President Donald Trump announced that the FBI was investigating.

Megaspeed faced claims last year that it was illicitly shipping advanced Nvidia computer chips into China, but in December said there was “no evidence” of such exports.

Singapore has also said it is investigating such allegations.

China has denied that it engaged in an attempt to ensnare Mr Huang, who heads one of the world’s most valuable companies.

The company has become a leader for making chips that power AI.

Mr Huang has lobbied Washington to loosen limits on sales of Nvidia chips to China in recent years, winning Mr Trump’s approval in January for selling its H200 chips.

Financial Markets Wall Street
A screen on the floor of the New York Stock Exchange displays news about the Nvidia stock price (Yuki Iwamura/AP)

In its statement on Thursday, Megaspeed said it has co-operated with the US Department of Commerce’s Bureau of Industry and Security (BIS), which handles enforcement of national security restrictions on exports of technology, and was ready to “cooperate fully with any other relevant US government authority”.

It said it has hired a US law firm to handle a “comprehensive census” of its computer chips and to verify its export controls.

“Megaspeed welcomes appropriate government scrutiny and is committed to demonstrating through concrete actions that it operates responsibly, transparently, and in accordance with applicable US laws,” it said.

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