Nvidia’s stock slid more than 4% after its board opened an investigation into Jensen Huang’s relationship with a suspected Chinese spy, and one securities law expert says the company’s earlier insistence that it was all “normal” could turn into a very expensive problem.
What law(s) did he break? Maybe the SEC could eventually uncover some fuckery, but I’m not aware of anything yet.
Export restriction laws, wire fraud. He sold the chips indirectly through a third party, which happened to the run by his girlfriend. He’s got much bigger problems to deal with than Mrs. Huang.
@shalafi There are Federal regulations about sales of arms and related tech to foreign countries. This means the obvious things, like guns and fighter planes, but it can include lots of technology that is dual use. AI-related stuff is on the list and has been for decades. They can easily get him on violations if it can be proved he was involved in a transaction.