Nvidia CEO Jensen Huang Under Pressure After Affair and Spy Allegations

Nvidia’s board is reportedly preparing to remove Chief Executive Jensen Huang. The Wall Street Journal first reported the move this week. Huang co-founded the chip maker and has led it for more than 30 years.

The news follows reports linking Huang to two separate affairs. One involves a woman U.S. intelligence officials suspect of ties to China. Nvidia’s stock has already lost about $225 billion in value this month.

Nvidia is worth more than $4 trillion. It is one of the world’s most valuable companies. As of now, Nvidia has not confirmed any final decision on Huang’s future. The story is still developing.

The Spy Allegation

The New York Times first reported the story on October 29. It said Huang had a close relationship with an alleged Chinese government agent. The woman was named as Alice Huang. She is not related to Jensen Huang.

Alice Huang is a top executive at Megaspeed International, a chip buyer based in Singapore. U.S. intelligence officials believe she has ties to the Chinese government. Megaspeed has bought billions of dollars worth of Nvidia products in recent years.

After the report, Huang admitted in an internal message that he had been unfaithful to his wife. He apologized to staff, writing: “My actions hurt her and our children. There is no excuse for what I did.” He added that he remains “fully committed to NVIDIA.”
On Sunday, Nvidia said its board had launched an independent investigation. The company shared Huang’s internal message with reporters.