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In Beijing, China, on November 9, Foreign Ministry spokesperson Guo Jiakun gave the ministry’s response in its English transcript: “We responded to that last week. The ‘Chinese spy’ allegation is purely unsubstantiated and directed at smearing China.” This is Beijing’s denial, not an independent finding that resolves the allegation or ends Nvidia’s board inquiry.
In the same briefing, Guo was asked about a possible meeting involving U.S. President Donald Trump, Chinese President Xi Jinping and Russian President Vladimir Putin in Shenzhen the following week. He said: “China maintains communication with the relevant parties on the meeting between the three presidents. As for your specific question, I have no information to offer at the moment.” The response confirms communication, not a summit date, location agreement or agenda. It announces no chip approval or reversal of import restrictions, leaving both the diplomatic arrangements and any trade-policy outcome unconfirmed.
China’s foreign ministry rejected the Chinese-spy allegation surrounding Nvidia Chief Executive Jensen Huang on Monday, adding Beijing’s denial to a story now under review by the chipmaker’s independent directors.
At a November 9 briefing, spokesperson Guo Jiakun called the so-called “Chinese spy” narrative unfounded speculation and a smear, according to the ministry’s published transcript. His response addressed a question about reports involving Huang and a Chinese technology executive. This is China’s denial of the allegation, not an independent finding about what happened.
The denial does not establish the outcome of Nvidia’s inquiry. For the company and its shareholders, the central unanswered issue remains what the directors’ review will find and whether any sensitive information was compromised. Nvidia’s board has said it has no reason to believe that national security or company secrets were compromised, while committing to examine all available information.
Nvidia’s board launched an independent investigation Sunday after reporting that founder and Chief Executive Jensen Huang had been targeted by a foreign intelligence effort.
A committee of independent directors, assisted by outside independent counsel, will oversee the inquiry, the board said in its November 8 statement. Huang supports the review and has committed to cooperating with it.
“While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board’s inquiry will examine all available information,” the statement said.
The directors said U.S. national and economic security is “paramount to the interests of NVIDIA and its shareholders.” Their decision puts oversight of the review with independent directors and outside counsel while the company examines the information available to it.
The board also expressed confidence in Huang and his leadership team. It said it would provide further updates as appropriate.
In overnight trading, Robinhood’s NVDA page showed Nvidia at $178.57 at 12:44:02 a.m. Eastern on November 9, down $8.07, or 4.32%, in the platform’s 24 Hour Market. This was an overnight venue quote, not a regular-session closing price.
JBizNews Desk | New York
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