Trump backs Nvidia CEO Huang amid alleged China spying investigation

US President Donald Trump has confirmed that he spoke with Nvidia Chief Executive Jensen Huang following media allegations connecting the tech leader to a businesswoman accused of transmitting sensitive information to China.

Speaking at a White House press briefing, Trump said Huang assured him he had no knowledge that the associate was operating as an intelligence operative.

"I asked him that question 'Did you have any idea that she was a spy?' He said 'I had no idea that she was a spy' and I really believe him," Trump told reporters, adding that he was "amazed" by the revelations.

Board inquiry and FBI review

The developments follow a report by The New York Times disclosing that Huang maintained a close personal relationship with a Chinese businesswoman whom US intelligence officials suspect shared information with Beijing.

In response to the allegations, Nvidia's board of directors initiated an internal investigation.

Market reaction was swift, with Nvidia shares falling to a seven-month low on Monday.

Trump confirmed that federal law enforcement authorities are now examining the circumstances. "I know the FBI is looking into it," Trump said. "I think that he'll be in good shape."

Over the past two years, the Nvidia chief has consistently supported the administration's economic agenda and established a regular presence in Washington as the semiconductor giant sought regulatory approval to export advanced microchips to the Chinese market.

TRT World & Agencies — TRT World & Agencies

Photo: AP