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Nvidia Faces DOJ Antitrust Probe As Fallout From Jensen Huang's Exit Widens: Report

Two other Justice Department inquiries, into Megaspeed and Supermicro, are looking at the role of alleged Chinese spy Alice Huang, Semafor reports.

Nvidia Faces DOJ Antitrust Probe As Fallout From Jensen Huang's Exit Widens: Report
Nvidia shares fell more than 13% at the open on Thursday, after Jensen Huang resigned.
(Photo: NDTV Profit)

Nvidia Corp. faces a US Justice Department antitrust investigation, Semafor reported on Thursday, citing two administration officials. The report came hours after co-founder Jensen Huang resigned as CEO of the world's most closely watched AI chipmaker.

According to the report, the antitrust probe is one of several DOJ investigations that could draw in Nvidia, and it is focused specifically on the company. Two separate inquiries are looking at tech companies Megaspeed and Supermicro, with a focus on the involvement of Alice Huang. Jensen Huang admitted to an extramarital affair with Alice Huang, whom US officials suspect of being a Chinese intelligence asset, before he resigned.

Semafor said there was no indication that the DOJ would seek to charge Nvidia or Huang criminally at this time. Nvidia and the DOJ did not comment to the publication, and Megaspeed and Supermicro did not immediately respond to requests for comment. Semafor did not say what the antitrust investigation covers.

Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay

(This is a developing story)

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