What happened

NVIDIA's board of directors has launched an independent investigation after recent reporting that founder and CEO Jensen Huang was the target of a foreign intelligence effort. The statement was issued on behalf of the board through the company's official newsroom.

Who is running the inquiry

The investigation will be overseen by a committee of independent directors, assisted by outside independent counsel. The board said the inquiry will examine all available information.

The company's position

The board described US national and economic security as paramount to the interests of NVIDIA and its shareholders. It said it has no reason to believe that either national security or NVIDIA secrets were compromised, but that the review will be comprehensive.

Huang's response

According to the statement, Jensen Huang fully supports the review and has committed to cooperating with it. The board expressed confidence in Huang and his leadership team and said it will provide further updates as appropriate.