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This story has moved on: Nvidia CEO Jensen Huang resigns after affair revelations

Nvidia CEO Jensen Huang resigns after affairs with Chinese spy

Summarised from 30 outlets · 288 reports · Updated 14 Nov, 03:26 · Archive

Nvidia co-founder Jensen Huang resigned after admitting to extramarital affairs, including one with a suspected Chinese intelligence operative.

Nvidia co-founder and CEO Jensen Huang resigned on Thursday after multiple reported extramarital affairs became public. One involved Alice Huang, an executive at the Singapore-based technology company Megaspeed, whom US intelligence officials believe was recruited by China's Ministry of State Security to target Nvidia and gather information about American AI plans. The other affairs were reportedly with Kimberly Powell, Nvidia's vice president of healthcare, and an unnamed third Nvidia employee.

In an internal memo to staff, Huang admitted to infidelity. "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry," he wrote. He has been married for over 40 years. According to Bloomberg, in his final hours before resignation, Huang used phrases like "whatever" and "I don't care," though insiders said he was primarily concerned about the consequences for his wife and the women involved.

Nvidia's CFO Colette Kress, 59, has been appointed interim CEO as the company searches for a permanent successor. The Financial Times reported that Nvidia's board approached Arm Holdings CEO Rene Haas, who spent seven years at Nvidia before joining Arm in 2013, though the board said any speculation about individual candidates was premature.

The relationship between Jensen Huang and Alice Huang dates to 2023, a period Huang described as turbulent for Nvidia as the company navigated US export controls restricting chip sales to China. Megaspeed purchased $4.8 billion worth of Nvidia chips over roughly two years. Bloomberg reported finding evidence of a network of Chinese companies smuggling banned Nvidia chips, with Alice Huang at the centre. According to the publication's documents, Aperia Cloud Services, an Nvidia Cloud Partner in Singapore, purchased 22 servers from Dell containing banned H800 chips, which were then installed at a Shanghai AI facility also tied to Alice Huang. Dell cut off business with Aperia in February 2025 over concerns about the deal.

The scandal has drawn congressional attention. Republicans have summoned Huang to Capitol Hill and threatened to subpoena him if he does not appear. GOP leaders want to question him before Democrats take control of Congress in January. Huang is willing to testify before Congress in December. Commerce Secretary Howard Lutnick has faced criticism over reports that he stalled President Trump's crackdowns on firms routing Nvidia chips to China.

Nvidia's stock fell 4 per cent on Thursday, and the company has lost approximately $550 billion in market value. The board launched an independent investigation into whether Huang was targeted by a foreign intelligence operation. Nvidia stated that no company data has been compromised and there were no breaches of national security. The FBI and Department of Justice have launched investigations into both Huang and Megaspeed's activities.

Nvidia CEO Jensen Huang resigns after affairs with Chinese spy
Image: Daily Mail

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In this story: Jensen Huang · Alice Huang · Nvidia · Megaspeed · Colette Kress · Kimberly Powell · China

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