
CEO Huang virtually admits to misconduct and says he will fully cooperate with the investigation.
AI-generated summary
The CEO of US semiconductor giant Nvidia was reported to have been the subject of espionage activities by a female Chinese agent.
[Silicon Valley, Beijing Current Affairs] On the 8th, Nvidia's board of directors announced that it would launch an investigation after reports that the CEO of US semiconductor giant Nvidia had been the subject of espionage activities by female operatives of Chinese intelligence agencies. Mr. Huang effectively acknowledged the act of infidelity and announced that he would "fully cooperate with the investigation."
Chinese authorities hire female spy in 'romantic relationship' with head of US semiconductor giant - British newspaper
A committee of independent directors will oversee the investigation. In a statement, the board said there is no basis to believe that U.S. national security or Nvidia's confidential information has been compromised at this time.
In an email to employees, Huang apologized, saying, ``I was unfaithful to my wife.'' "We will work hard to regain the trust of our employees," he said.
"The claim that he is a so-called 'Chinese spy' is a completely baseless speculation and slander," Guo Jiakun, deputy spokesperson of China's Ministry of Foreign Affairs, said at a press conference on the 9th.
AI outlook — possibilities, not facts
Progress of investigation by independent committee
Very likely · Within weeks

The plunge in stock prices following the Republican Party's crushing defeat in the US midterm elections is hitting President Trump hard. Stocks of companies that he and his administration had acquired have fallen, with Nvidia and AMD falling by 10% to 20%, Trump Media dropping over 30%, and Intel plummeting by about half. Stock prices are falling all over the world due to concerns about the AI boom slowing down.

Mitsui Chemicals announced that it will acquire semiconductor materials giant JSR for approximately 1.4 trillion yen. On the same day, a Chinese man was arrested in central Tokyo on suspicion of operating an unlicensed mobile phone base station, and the US president spoke about the prospects for a China-Russia summit. The government and the Bank of Japan carried out the largest foreign exchange intervention in history, and an earthquake with a magnitude of 4 was observed in Kumamoto Prefecture. In Aichi Prefecture, 16 people were injured in the earthquake, and the Japan Meteorological Agency observed a seismic intensity of 5+ in Chita City. Ritsuko Nakayama has passed away at the age of 84, and the Paraguayan Senate has decided to remove the president from office. The US president announced a change in his chief of staff, and US employment statistics for October showed an increase of 165,000 people from the previous month. A system failure occurred at 128 Shinkin Banks in western Japan, which has now been fully restored. GPIF's operating profit and loss for the July-September period was a negative 5,253.3 billion yen, and the Nikkei average fell 3,643 yen to close at 57,434 yen. Nippon Paper Industries has announced that it will end its graphic paper and pulp business at its Yatsushiro mill, which was damaged in the Kumamoto earthquake. The consumption tax reduction bill was passed by the House of Representatives Finance and Finance Committee, and Prime Minister Takaichi announced that more than 30% of the currently employed population would be eligible for subsidies to reduce the burden on workers. The Nikkei average fell by more than 1,600 yen, dropping below 60,000 yen for the first time in five and a half months, and real wages increased by 2.2% in September, marking the ninth consecutive month of positive growth. Prime Minister Takaichi stated at the Okinawa Policy Council that the burden on U.S. military bases will be reduced in a "visible way."
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