China rejects claims of ‘espionage plot’ surrounding Nvidia CEO Jensen Huang, calls it ‘nothing but smears’ | What Beijing said | Today’s news

China on Monday rejected accusations of an “espionage plot” involving Nvidia CEO Jensen Huang, calling the claims baseless and accusing those making them of trying to smear Beijing.

The denial came after a report by The New York Times said Huang had informed Nvidia’s board of directors that he had been meeting with a business executive identified by US intelligence agencies as gathering information on behalf of Beijing.

Responding to the allegations, Chinese Foreign Ministry spokesman Guo Jiakun dismissed the claims during a briefing on Monday.

“The so-called Chinese spying accusation is baseless. It is nothing more than slander against China,” Guo Jiakun said.

Separately, Nvidia shares fell about 5% in premarket trading on Monday.

(This is a developing story. More to come)