Independent review formally begins

NVIDIA's independent board members have retained attorney Joon H. Kim and the firm Wachtell, Lipton, Rosen & Katz to carry out the investigation the company announced on Sunday. Kim previously served as acting U.S. Attorney for the Southern District of New York.

What is being investigated?

The statement did not detail the scope of the review, saying only that a "thorough and independent" investigation would be conducted. The appointment is the next step in the process the board launched following allegations concerning CEO Jensen Huang.

Why it matters

NVIDIA sits at the center of the AI chip market, and any development in its leadership concerns everyone from supply chain partners to investors. Bringing in an independent law firm signals the review will proceed within a formal corporate framework.

What's next

The company did not share a timeline for when the investigation will conclude. Further statements from the board are expected as the process moves forward.