Nvidia CEO Jensen Huang Resigns Amid Allegations of Affairs and Spying Links

Jensen Huang, the CEO of Nvidia, has resigned after reports surfaced about his involvement in extramarital affairs. One of these affairs is linked to a businesswoman who is suspected by U.S. authorities of espionage for China. Nvidia announced his resignation on Thursday, stating that Huang would step down as president, CEO, and board member effective immediately.

Colette Kress, Nvidia’s Executive Vice President and Chief Financial Officer, has been named the interim CEO while the company looks for a permanent replacement. This decision came after Nvidia’s board met to discuss Huang’s future following allegations of a second affair with an executive at the company.

The New York Times reported that Huang had a relationship with Alice Huang, a former executive at a Singapore-based company, which raised concerns among U.S. intelligence officials. In a message to Nvidia employees, Huang admitted to being unfaithful and apologized to his family.

Additionally, the newspaper indicated that Huang was also involved with Kimberly Powell, Nvidia’s vice-president of healthcare, who reportedly reported directly to him. Sources claimed they were seen together in a hotel during an Nvidia conference earlier this year.

In light of these revelations, Nvidia’s board had initiated an independent investigation regarding Huang’s situation, although they stated they had no evidence that the company’s secrets or national security were at risk. Following Huang’s resignation, Nvidia shares dropped significantly in pre-market trading.

Jensen Huang co-founded Nvidia in 1993 and has led the company for over thirty years, helping it evolve from a graphics chip manufacturer to a key player in the artificial intelligence sector.