The Chinese spy allegation that brought down Nvidia CEO Jensen Huang is beginning to look untenable

A Business Insider columnist suggested that the Chinese spy allegation that led to Jensen Huang's resignation as Nvidia CEO is beginning to look untenable, and that intelligence may have been exaggerated to remove the biggest obstacle to tightening chip controls on China. The piece cited a CNN report saying U.S. intelligence agencies have not confirmed that the Chinese businesswoman Alice Huang, who had an extramarital affair with Jensen Huang, engaged in espionage for Beijing, and that officials are divided on the matter; the Washington Post reported that Secretary of State Rubio wrote a more reserved CIA report's conclusions into a memo to Trump in more affirmative wording, and that the leak of the memo set off a chain of events that ended Jensen Huang's 33-year tenure. More than 100,000 people have signed a petition demanding the board reinstate him, and Nvidia's market value has evaporated by about $300 billion. The author combined this with export control developments such as the Remote Access Security Act having passed the House, and cited SemiAnalysis's claim that the intelligence community played an important role in pushing Jensen Huang out, emphasizing that this is a possibility worth examining rather than a conclusion.