Donald Trump says that the FBI has opened an investigation into the relationship between Nvidia’s CEO and a woman accused of spying for Beijing

The FBI has opened an investigation targeting Jensen Huang, Nvidia’s CEO, in connection with his extramarital relationship with Alice Huang, a woman whom U.S. officials suspect of having acted as a spy for Beijing. The information was publicly confirmed by President Donald Trump, although the FBI has not provided an official comment.

According to information reported in the press, Alice Huang, also known as Huang Le, ran the Singaporean company Megaspeed, which has business ties with Nvidia. Secretary of State Marco Rubio reportedly warned officials in Washington about this relationship as early as the spring. There is no public information regarding the exact time the investigation was opened.

Trump said he had spoken with Jensen Huang, and the Nvidia CEO allegedly told him that he did not know the woman was suspected of espionage. The U.S. president described him as an honorable man and expressed his sympathy for the head of Nvidia. “I think he is suffering a lot,” Donald Trump said.

At the same time, Beijing rejected the accusations, calling them speculative and intended to defame China.

Nvidia announced an internal investigation and said there were no indications that industrial secrets or national security had been compromised. Jensen Huang acknowledged the relationship and apologized to his family. He is reportedly expected to testify behind closed doors in Congress as part of a discussion about the company’s security and contacts with Alice Huang.

The scandal led to the temporary loss of approximately $250 billion in Nvidia’s market value. A class-action lawsuit was also filed in California, in which shareholders accuse the company of concealing relevant information. The claims have not been independently confirmed.