Nvidia’s board is preparing to oust founder and CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy, according to a report by The Wall Street Journal. The board is preparing to meet as soon as today to determine his future, people familiar with the matter said. Nvidia stock was down more than 8% in after-hours trading.
\n\nHere's what you need to know about the allegations surrounding Jensen Huang
\n\nOn Sunday, Huang acknowledged in a letter to staff that he had been unfaithful to his wife and apologized for violating their trust. That affair involved Alice Huang, an executive at the Singapore-based data company Megaspeed, which has been a major Nvidia customer. US intelligence officials believe she is working for China’s intelligence services.
\n\nThe report comes as Huang faces growing scrutiny over the relationship. The Times earlier reported that a Chinese executive with whom Huang had become close had been identified by US officials as an alleged Chinese intelligence asset. Nvidia’s board subsequently opened an investigation, led by the law firm Wachtell, Lipton, Rosen & Katz. Republican leaders of three influential House committees have also asked Huang to attend a closed-door briefing about his…
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