"I Was Unfaithful to My Wife," Nvidia's Huang Tells Staff
Independent directors will examine reports that Nvidia's chief executive was targeted by Chinese intelligence. Shares fell 4.2% on November 9, wiping out about $190 billion in market value.
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Nvidia chief executive Jensen Huang has acknowledged an extramarital affair as independent directors investigate reports that he was targeted by foreign intelligence, bringing scrutiny to the AI-chip supplier's leadership.
The board announced its inquiry on November 8. Nvidia shares closed down 4.2% the following day, erasing about $190 billion in market value even as the broader US stock market rose.
The allegations concern Alice Huang, a Chinese businesswoman and former executive at Singapore-based Nvidia customer Megaspeed. She and Jensen Huang are not related. US intelligence officials reportedly suspect she worked for China, an allegation Beijing rejects.
"I was unfaithful to my wife," Jensen Huang told employees in a November 8 message published by Nvidia. He took responsibility for the hurt he had caused and said he would cooperate fully with the board's investigation.
The board said it had no reason to believe Nvidia secrets or US national security had been compromised. A company spokesperson said Huang would continue as chief executive without interruption.
