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Trump: Nvidia CEO didn't know lover was a spy

Donald Trump claimed on Monday, 9, that Jensen Huang, CEO of Nvidia, didn't know his lover was accused of spying for China. The company's board initiated an investigation and the stock reached its lowest value in seven months.

Trump: CEO da Nvidia não sabia que amante era espiã
Governo de Donald Trump anunciou tarifa de 25% sobre produtos brasileiros — Foto: Werther Santana/Estadão / Estadão
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The president of Estados Unidos, Donald Trump, said on Monday that Nvidia CEO Jensen Huang was unaware that his mistress was accused of acting as a spy for the Chinese government. The statement was given at a press conference on Casa Branca, after The New York Times reportedly linked the executive to a Chinese businesswoman suspected of passing information to Beijing. China denies the allegations of espionage.

According to Trump, he contacted Huang after the story was published and directly questioned the businessman about the case. The president said he was “surprised” that the FBI, the U.S. Federal Department of Investigation, is also investigating the case. The source did not detail the current stage of federal investigations.

Trump Reports Conversation with Jensen Huang

During the conference, Trump reproduced the dialogue he would have had with the CEO of Nvidia. “I asked her this question: ‘Did you have any idea that she was a spy?’ He said, ‘I had no idea she was a spy,’ and I really believe in him.”

Trump’s speech indicates that the U.S. government has not yet seen Huang’s conscious involvement in the activities attributed to the businesswoman. The source did not detail whether the conversation took place by phone or in person, nor whether there were other participants in the dialogue.

The presidential statement gains relevance because Huang is one of Trump’s allies in Silicon Valley. Over the past two years, the businessman has repeatedly spoken out in favor of the government and has gone to Washington frequently, consolidating a close relationship with the administration.

Nvidia Board Opens Internal Investigation

After the news broke, Nvidia’s board initiated an internal investigation to investigate the circumstances of Huang’s relationship with the Chinese businesswoman. The company has not released details on the scope of the survey, but the measure is standard in cases of potential reputational and regulatory risk.

Investors reacted immediately: Nvidia shares hit their lowest values in seven months on Monday. The fall reflects market concern about possible legal implications and the company’s exposure to geopolitical tensions between Estados Unidos and China.

Nvidia is one of the world’s leading chip makers and plays a central role in the race for artificial intelligence. Any sign of involvement in industrial espionage or technology leakage can affect billions of contracts and the trust of global customers.

China denies accusations of espionage

The Chinese government has denied allegations of espionage involving the businesswoman cited in the report. Beijing has classified the allegations as unfounded and reiterated that it does not interfere in the internal affairs of other countries.

The Chinese refusal did not halt investigations into the Estados Unidos. The FBI, according to Trump, also investigates the case, which extends the scope of the investigations beyond the corporate sphere.

Experts heard by the international press point out that cases of alleged espionage involving technology executives are sensitive because they can lead to trade sanctions and export restrictions. The source did not detail whether Nvidia had already been formally notified by any U.S. agency.

Huang's relationship with the Trump administration

Jensen Huang has become a frequent figure in Washington for the past two years. The businessman attended events with U.S. authorities and publicly advocated policies to encourage the semiconductor industry.

This closeness to the Trump administration could influence the outcome of the case. Political allies often receive differential treatment in investigations, but there is no indication that this occurs in this episode.

Nvidia has not officially commented on Trump’s speech or the board’s investigation. The source did not detail whether the company hired an external law firm to conduct the count.

Impact on the market and next steps

The fall in Nvidia shares on Monday signals that the market is following the case closely. Analysts quoted by the financial press assess that the volatility should continue until the internal investigation is completed.

For the Brazilian reader, the case is of interest because Nvidia provides chips for data centers and cloud services used by technology companies around the world, including in Brazil. Any restrictions on the export of semiconductors can indirectly affect the cost of digital services.

The Boca no Trombone Portal will continue to monitor the investigation and any official statements made by Nvidia, the US government and the Chinese government. It is expected that new information will emerge in the coming days as the company’s board advances in the counting.

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