Nvidia prepares to oust CEO Jensen Huang as affair with employee comes to light

Résumé détaillé

Nvidia CEO Jensen Huang's troubles deepened with allegations of a second extramarital affair, this time with the company's vice-president of healthcare, Kimberly Powell, even as its board is set to meet to consider his removal amid a widening controversy over his reported links to a suspected Chinese spy.

Troubles show no signs of abating for Nvidia CEO Jensen Huang, who is facing allegations of an extramarital relationship with a senior company executive even as the chipmaker's board is set to meet on Wednesday to decide whether to remove him amid a widening controversy over his reported personal relationships, including links to a Chinese businesswoman suspected of spying for Beijing, Reuters reported, citing a source familiar with the matter.

The potential ouster of Huang, 63, could trigger significant leadership uncertainty at the nearly USD 4 trillion company, which he co-founded in 1993 and transformed into the world's leading supplier of artificial intelligence (AI) chips.

The development comes amid reports that Nvidia is preparing to remove Huang as CEO, sending the company's shares down around 8 per cent in after-hours trading. Including Wednesday's sell-off, Nvidia has lost nearly USD 600 billion in market value this week. Bloomberg has also reported that the company's board is working with an outside firm to identify potential successors, as it lacks a clear succession plan.

The controversy initially emerged following reports about Huang's relationship with Alice Huang, a Chinese businesswoman whom US intelligence has reportedly linked to facilitating shipments of Nvidia chips to Chinese companies.

The allegations escalated on Wednesday after The New York Times reported that Huang had also been involved in an extramarital relationship with Kimberly Powell, Nvidia's vice president of healthcare, who reportedly worked under him.

The newspaper cited five people who had worked at the company. When contacted about the alleged relationship, Huang reportedly declined to comment, telling the newspaper, "I don't think you should be talking to me directly," before hanging up.

Nvidia and Powell did not immediately respond to requests for comment. Reuters said it could not independently verify the report.

Huang's possible departure could create a major leadership vacuum at…

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