Jensen Huang ousted as Nvidia CEO in wake of Chinese ‘spy’ scandal and second alleged affair

Detailed summary

Jensen Huang resigned as Nvidia CEO Thursday after the chipmaking giant was left reeling over the revelations that he allegedly had affairs with a suspected Chinese honeypot as…

Jensen Huang resigned as Nvidia CEO Thursday after the chipmaking giant was left reeling over the revelations that he allegedly had affairs with a suspected Chinese honeypot as well as a company executive.

Huang – who co-founded the chipmaking behemoth in 1993 – was removed from his post following an hours-long board of directors meeting on Wednesday.

The verdict is a sharp U-turn from the vote of confidence Nvidia’s board gave the billionaire on Sunday – the same day he admitted he was unfaithful to his wife of 41 years, Lori Huang.

Huang’s position at the top of Nvidia, a company worth around $4 trillion, had been precarious since the bombshell Oct. 29, New York Times report, which claimed he had developed a “close relationship” with alleged Chinese spy Alice Huang — who is of no relation.

US intelligence concluded that Alice Huang dined with the titan – but was secretly funnelling information to Beijing, according to sources briefed on classified intelligence findings.

Pictures from June 2024 showed the duo quaffing whiskey with other AI big dogs, and they enjoyed a business dinner at a Taipei restaurant with other AI suppliers the following May.

Meanwhile, Huang, 63, had cozied up to the Trump administration to ease restrictions on the sale of Nvidia chips to China.

This spring, however, Secretary of State Marco Rubio reportedly oversaw the drafting of a classified memo warning top Trump officials that the Nvidia boss was in a close relationship with Huang.

Alice Huang, a Chinese citizen who was an exec at Megaspeed, a company which was the largest buyer of Nvidia chips in southeast Asia – had boasted about access to the American market.

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