Jensen Huang Resigns Amid Affair and Espionage Claims, 1News

Jensen Huang stepped down on Thursday after 33 years as CEO of Nvidia, plunging the world’s most valuable chip company into crisis following admissions of extramarital affairs and espionage claims involving Chinese businesswoman Alice Huang, according to 1News.

The departure of the Taiwan-born executive sent Nvidia’s shares plummeting by more than 10 percent and wiped hundreds of billions of dollars from the company’s market value, according to RNZ. The crisis began unfolding when The New York Times reported that Alice Huang—also known as Huang Le—had formed a close relationship with Nvidia’s chief and passed information to Beijing.

US officials concluded that Alice Huang was a Chinese spy recruited to influence California-based Nvidia to make its most advanced chips more available in China. Alice Huang became a director at Singapore-based Megaspeed in 2023, a company described as an “Nvidia cloud partner,” which faced scrutiny over routing advanced chips to China and skirting US export restrictions.

Jensen Huang initially maintained that he and the Megaspeed executive shared only a business relationship, backed by crisis communications firm Heller and his daughter Madison Huang, who acted as his chief of staff. However, the CEO admitted to Nvidia’s general counsel that he had been unfaithful, following revelations of his affair with Alice Huang and a second extramarital relationship with an executive who reported to him.

Huang has agreed to testify before Congress and now faces a lawsuit in California accusing him of misleading shareholders, while the Trump administration faces questions over why Megaspeed was spared from national security concern lists.

“Jensen Huang lost his mind here,” Smith, the former counterintelligence agent, said.