Huang Renxun’s extramarital affair caused a national security storm! Huida invests heavily in hiring top lawyers to launch independent investigation

NVIDIA CEO Jen-Hsun Huang's extramarital affair continues to spread, and may even escalate into a corporate governance and national security crisis. Huida's board of directors announced on Tuesday that it has hired Wachtell, Lipton, Rosen & Katz, a well-known New York law firm, to lead an independent investigation into Huang Jen-Hsun to clarify whether this personal relationship incident involves the leakage of company secrets or causes damage to U.S. national security.

CNBC reported that Huida’s board of directors said that independent directors have hired Joon H. Kim, the former acting federal prosecutor for the Southern District of New York, and the law firm Wachtell, Lipton, Rosen & Katz, where he currently works, to launch a comprehensive and independent investigation. Kim joined the firm last month and served as a federal prosecutor in Manhattan.

In fact, Huida's board of directors announced as early as Sunday that it would investigate allegations that Huang was targeted by foreign intelligence agencies. At that time, it emphasized that there is currently no reason to believe that U.S. national security or Huida's confidential information has been leaked. Now it has further invited top external law firms to intervene, showing that the company is trying to clarify the risks involved in the incident.

The controversy stemmed from Huang Renxun's admission of having an extramarital affair with Alice Huang. In the past few weeks, the New York Times and the Financial Times reported that U.S. intelligence agencies had monitored the Asian technology executive and believed that she was suspected of passing information to Beijing and was implicated in Chinese intelligence agencies. She is also related to Megaspeed, a client of Huida, which further involves corporate dealings and national security concerns.

In an email sent to employees on Sunday, Huang admitted the extramarital affair and apologized for hurting each other and his children by his actions. He bluntly said there was no excuse and emphasized that he was an American and supported U.S. national security.

After the scandal was exposed, Huida's stock price was also affected, falling more than 4% on Monday and another 6% on Tuesday, weakening for two consecutive trading days. The market is worried that as the investigation unfolds, the storm may further impact Huang Renxun's CEO position and even affect Huida's operational stability.

Huang Renxun has long been regarded as a representative figure in the global AI industry. Huida chips are an important foundation for training mainstream artificial intelligence models, and the company has also become an important source of funding for new AI startups. As the founder and CEO of the company, he often meets with leaders of various countries and corporate executives on behalf of Huida.

Huida has previously stated that Huang Renxun will continue to serve as CEO and his work will not be interrupted. However, as an independent legal team officially intervenes, whether the investigation can rule out the leakage of company secrets and national security concerns will become the key to the next step in this crisis.