Publications by foreign media do not indicate that a decision on resignation has already been made. CNBC reported that the board meeting extended into the evening, while The Guardian wrote about the consideration of Huang's future amid a drop in the company's shares. The publications did not provide details on the course of the meeting.
On November 8, Nvidia's board announced an independent investigation, overseen by a committee of independent directors and involving external legal counsel. The company's statement said that the board sees no reason to believe that corporate secrets or U.S. national security have been compromised; it also affirmed its confidence in Huang.
CBS News reports that the U.S. Department of Justice is investigating whether the Singaporean company Megaspeed may have violated restrictions on the export of advanced artificial intelligence chips. The U.S. Department of Commerce previously conducted an investigation.
On November 11, U.S. House Select Committee on China Chairman John Moolenaar stated that Congress would likely subpoena Huang if he did not respond to a request for a closed briefing. This was reported by the Associated Press. According to CBS News, after the publication by The Wall Street Journal, Nvidia's shares fell by more than 8% in after-hours trading on November 11.
