Nvidia 'prepares to oust' CEO Jensen Huang as he's 'caught in another scandal'

Detailed summary

Jensen Huang had co-founded the chipmaker in April 1993 and oversaw its rise as one of the most valuable companies in the world. He has been praised by US President Donald Trump for his work on "superintelligence".

The board of one of the world's biggest artificial intelligence companies is preparing to sack its chief executive, according to reports. Nvidia boss Jensen Huang has been put into the spotlight after an extramarital affair with an alleged spy that may have jeopardised the multi-trillion-dollar company.

Mr Huang's departure would end an era in which he stoked the global AI boom, but was also riddled with scandal over the affair with a suspected Chinese spy. The 63-year-old AI boss confessed in a memo to his staff on Sunday to carrying out an affair with a Chinese entrepreneur. She had been under investigation for allegedly passing information to Beijing.

The board was planning to meet as soon as Wednesday to determine his future. Mr Huang co-founded the chipmaker in April 1993 and oversaw its rise as one of the most valuable companies in the world. He has been praised by US President Donald Trump for his work on "superintelligence".

Nvidia stock has lost more than $300 billion in market value since news of the affair with alleged Chinese spy Alice Huang broke, The Mail reports.

It is unclear when the two struck up a relationship, but reports detail how she would boast about how close they were as early as June 2024. In early 2025, Ms Huang pitched an AI chips deal to Chinese-based investors, touting her ability to secure Nvidia's graphics processing units and her commercial relationship with Alibaba.

She had sought their investment for a southeast Asia data centre project worth several hundred million dollars, but did not disclose her relationship with Mr Huang.

In the US, meanwhile, officials were briefed that Ms Huang was working for Beijing's Ministry of State Security as part of an effort to learn about American-made AI chips and possibly persuade Nvidia to make its most sophisticated semiconductors available in China, according to The New York Times.

The US officials noted that the Megaspeed founder speaks English well and has relationships with executives at the…

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