Nvidia’s board said its inquiry would examine reports that a foreign intelligence effort targeted CEO Jensen Huang, while shares fell more than 8% at Monday’s open, France 24 reported.
In a Nov. 8 statement, Nvidia said independent directors would lead the inquiry, with outside counsel assisting. The board said Huang supports the review and will cooperate. It reported no findings and said it had “no reason to believe” U.S. national security or Nvidia secrets had been compromised.
An Associated Press snapshot cited in EconoTimes’ earlier coverage showed Nvidia shares down 3.8% at 10:30 a.m. ET on Nov. 9, compared with the larger decline France 24 reported at the open. The Nov. 8 announcement gave no date for findings; EconoTimes previously covered the board’s initial announcement.
CNBC reported that three Republican House committee chairs requested a closed-door briefing with Huang, proposed for Nov. 18. EconoTimes previously covered the House briefing request. The lawmakers raised concerns about access to sensitive U.S. technology, but did not claim that a breach had occurred. It asked Huang to confirm or propose another date by Nov. 11. The proposed briefing would come a day after Nvidia’s third-quarter results call, scheduled for Tuesday, Nov. 17, at 5 p.m. ET.
