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Nvidia Spy Row Hits Trump
U.S. Commerce Secretary Howard Lutnick received a classified intelligence memo warning about an alleged connection between Nvidia CEO Jensen Huang and Alice Huang, whom U.S. agencies suspect of working for China. Secretary of State Marco Rubio oversaw the memo’s preparation and informed President Donald Trump of the concerns. The memo came as Washington approved the export of H200 chips to about 10 Chinese companies, while reports said that Megaspeed, a company linked to Alice Huang, had bought billions of dollars’ worth of Nvidia chips. Huang acknowledged having an affair with her, and Nvidia’s board opened an independent investigation. Lawmakers from both parties pledged to investigate. Nvidia has lost about $1 trillion in market value since the relationship was disclosed, though some of the decline is tied to other factors.
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