The Times reports a suspected Chinese asset was close to Nvidia’s CEO | The 8:30
Two headlines out of Washington landed on Nvidia this week. Jake Conley takes the simpler one first: Reuters reports the Justice Department is examining Nvidia’s purchase of Hugging Face on antitrust grounds, a deal expected to close next year. Then the New York Times reports that US intelligence officials concluded a senior executive at Singapore-based Megaspeed had been passing information to Beijing while cultivating a close relationship with Nvidia’s chief executive. The president was briefed roughly a year ago and took no action, and no defensive briefing was ever given. Nvidia says its dealings with the firm were no different from those with other regional customers.
Featuring
Julie Hyman, Host, Yahoo Finance
Jake Conley, Breaking Business News Reporter, Yahoo Finance
Pras Subramanian, Senior Autos Reporter, Yahoo Finance
Watch the full episode of The 8:30: https://youtu.be/66NPWezaxk4
Timestamps
0:00 The Justice Department looks at the Hugging Face deal
1:55 A New York Times report on an intelligence asset
2:55 No warning was given, and Nvidia responds
4:05 There is a clear commercial case for selling into China
#Nvidia #NvidiaNews #ChinaChips #The830 #YahooFinance
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