
AI-generated summary
The United States restricts the export of advanced semiconductors to China, and the route through which regulated products leak is the subject of international investigation.
[Beijing Current Affairs] Authorities in the United States and Southeast Asia are investigating companies affiliated with Alice Huang, a Chinese businessman with whom Huang, the former CEO of US semiconductor giant Nvidia, was allegedly having an affair. It is also reported that semiconductors, which are subject to US export restrictions to China, have flown to the company's Shanghai base, and the focus is on clarifying the procurement route.
Bloomberg reported on the 13th that a subsidiary of a Shanghai-based artificial intelligence (AI) infrastructure company founded by Alice had Nvidia semiconductors subject to the trade embargo in its Shanghai data center as of 2025. The semiconductors were installed in servers made by U.S. Dell Technologies and U.S. Supermicro Computer, and some of the semiconductors were reportedly sent to the company's Shanghai base via a cloud service provider in Singapore.
US federal prosecutors are also investigating whether companies affiliated with Alice were involved in the smuggling of Super Micro products to China. However, he sold his stake in an AI infrastructure company in 2017, and his involvement has not been confirmed.
According to CNN, in 2024, the U.S. Department of Justice and Department of Commerce began investigating MegaSpeed, a Singapore data center company where Aris was an executive. Singapore police and customs authorities have also been investigating the case since 2025. Malaysia's Ministry of Investment, Trade and Industry explained on the 13th of this month that it is currently checking whether the AI semiconductors imported by the company's local subsidiary are illegal.
AI outlook — possibilities, not facts
Progress in investigation by the U.S. Department of Justice
Likely · Within months

Tama Home announced that it has applied to three non-life insurance companies to close down its insurance agency business due to the issue of fraudulent fire insurance claims. It was revealed that multiple employees at the Takamatsu branch had filed hundreds of false and inflated claims, and three non-life insurance companies have decided or are considering suspending new sales. The company is considering an internal investigation involving experts, but has not disclosed details, including whether there were any fraudulent charges.

Nidek, a major motor company that has been accused of accounting fraud, has postponed the submission of its semi-annual report for the April-September period of 2026 to the Financial Services Agency and has announced that it will apply for an extension until December 16th. There has been a delay in correcting figures for past years at our North American base, and auditing firm reviews are also taking time. A revised securities report for the fiscal year ending March 2026 will be issued as soon as an appropriate opinion is obtained, but the semi-annual report will be submitted without waiting for that.

The Financial Times reported that Nvidia's board of directors approached Arm CEO Haas as a candidate to replace Jensen Huang after his resignation. Mr. Huang resigned due to allegations of extramarital affairs with women suspected of being Chinese intelligence agents, and CFO Mr. Cress also served as interim CEO. Other names mentioned include Haas, Kress, and AMD CEO Su.

According to the Federal Reserve's Financial Stability Report, a survey of market participants found that artificial intelligence (AI) was the most frequently cited risk factor threatening financial stability over the next 12 to 18 months. It has been pointed out that there is a sense of caution about soaring stock prices due to the AI boom, a drop in stock prices due to a decline in corporate profits, and concerns about pressure on corporate finances due to the rapid expansion of AI-related investments. Geopolitical risk, which was the most frequently cited risk in the previous survey, has fallen to 8th place.
![[ITmedia Business Online] Jensen Huang, the man who created NVIDIA, had a turbulent life from “washing dishes at Denny’s” to “leading role in the AI era”](/api/img?u=https%3A%2F%2Fimage.itmedia.co.jp%2Fbusiness%2Farticles%2F2611%2F14%2Fcover_news008.jpg&w=320&q=72&f=webp)
NVIDIA co-founder Jensen Huang (age 63) resigned as CEO and director of the company on November 12th. CFO Colette Kress will serve as interim CEO. The announcement came days after the affair was reported, and the company's stock price fell more than 10%.
![[ITmedia Business Online] NVIDIA founder's resignation raises questions about the limits of a "one-man intensive system" due to the absence of "number two"](/api/img?u=https%3A%2F%2Fimage.itmedia.co.jp%2Fbusiness%2Farticles%2F2611%2F14%2Fcover_news010.jpg&w=320&q=72&f=webp)
On November 12, NVIDIA announced the resignation of co-founder and CEO Jensen Huang, who served for 33 years. This was four days after the board of directors launched an investigation into an affair with a woman suspected of having ties to Chinese intelligence. CFO Kress was appointed interim CEO, and the stock price at one point fell more than 14%.