Nvidia is preparing to oust CEO Jensen Huang after he confessed to having an affair with a suspected spy for China, according to multiple reports.
Earlier this month, Huang apologized to his company, wife, and family for having an affair with Alice Huang. Nvidia is investigating the saga, as U.S. officials reportedly believe Alice Huang exploited the relationship to gather intelligence for Beijing.
Nvidia’s board of directors said Sunday that it had confidence in Jensen Huang to continue to lead the technology company. But by Wednesday, the board was preparing to oust the embattled CEO, according to the Wall Street Journal, Reuters, and other outlets. The development came the same day the New York Times reported Jensen Huang had a second extramarital affair with a company employee, Kimberly Powell.
The board could reportedly meet as soon as late Wednesday to discuss whether Jensen Huang should remain at the helm of Nvidia, as the roughly $4 trillion chipmaker, the world’s leader in the AI chips industry, considers its options.
Nvidia’s share price slid more than 8% in after-hours trading Wednesday after the Wall Street Journal published its report that the board is preparing to oust Jensen Huang.
President Donald Trump said earlier this week that the FBI is investigating the Nvidia CEO’s relationship with Alice Huang. Alice Huang is an executive at Singapore-based data center company Megaspeed, which U.S. intelligence officials reportedly believe has links to the Chinese government.
The Nvidia CEO apologized Sunday for his affair with Alice Huang in a public statement.
“Regarding the national security concerns raised in news reports, NVIDIA’s Board of Directors has initiated an independent investigation,” he said. “I support the investigation and will cooperate fully. I love our country and our company. I am committed to protecting NVIDIA and supporting America’s national security. I am proud and grateful to be an American.”
NVIDIA DEFENDS CEO’S TIES TO EXECUTIVE ACCUSED OF AIDING CHINESE INTELLIGENCE
The latest controversy surrounding Jensen Huang involves his alleged relationship with Powell, the vice president of healthcare at Nvidia. She was reportedly captured on camera footage being affectionate with the Nvidia CEO at a hotel in San Jose, California, in March.
The Washington Examiner reached out to Nvidia for comment.
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[ H/T Washington Examiner ]
