Corruption & Accountability · Report · File No. 261112-420
Nvidia CEO Jensen Huang resigns after reports of affairs, one tied to alleged spy
Nvidia's board named a new interim CEO after reports of two affairs, one with a suspected Chinese agent. The scandal strengthens lawmakers pushing tighter chip limits on China before Trump meets Xi next week.
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Nvidia CEO Jensen Huang resigned Thursday after reports that he had multiple extramarital relationships. One was with a suspected agent of China, and another was with an executive who reported to him 1. Nvidia is the second-largest public company in the world 1.
Chief Financial Officer Colette Kress becomes interim CEO, and the board will search for a permanent one 1. Nvidia also named its first chairman, Harvey Jones, a former CEO of the chip company Synopsys 1. Shares fell more than 11% after the announcement 1.
What the reports say
The New York Times reported Wednesday, citing five people who worked at Nvidia, that Huang had a relationship with a married healthcare executive who reported to him. That appears to break the company's code of conduct 1. NBC News has not independently verified that claim 1.
Earlier reports said Huang had an affair with Alice Huang, a businesswoman believed to be a spy for China. The two are not related 1. Secretary of State Marco Rubio circulated a memo this spring saying U.S. intelligence showed Huang was in a relationship with an executive who was an asset of China's spy service, according to people familiar with the matter 1.
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Alice Huang held a senior position at Megaspeed, a Singapore company that bought advanced Nvidia chips. Megaspeed and related firms remain under U.S. criminal investigation over allegations they smuggled American-made chips into China 1. Her exact ties to Chinese intelligence are unclear, and China has denied the allegations 1. Nvidia has said it follows U.S. export laws 1.
Huang apologized to employees in a memo and said he supported an independent investigation 1.
I was unfaithful to my wife
Trump's defense and the push on chips
Before the second report, President Donald Trump defended Huang on Sunday. He also said Huang "probably has an excuse for it" 1.
I think he’s an honorable guy
Senate Democratic leader Chuck Schumer called on Congress on Tuesday to pass chip-control bills. He also urged a full accounting of Trump's defense of Huang 3. Rep. John Moolenaar, R-Mich., who chairs the House Select Committee on China, also wants chip export controls in this year's National Defense Authorization Act, the annual defense policy bill 3.
Analysts say the scandal weakens Nvidia's lobbying. David Meale of Eurasia Group said it has made it "politically harder for negotiators to strip chip provisions out of this year's NDAA" 3. The Commerce Department is also finalizing a rule to stop Chinese AI firms from remotely using advanced chips through data centers in other countries, according to The Information 3.
What happens next
Trump is expected to meet Chinese President Xi Jinping at a summit in Shenzhen on Nov. 18-19 3. Nvidia's board has hired a former acting U.S. attorney and his law firm to investigate whether Huang fell victim to a foreign intelligence plot 1.
Some questions remain open. Newsweek's Didi Kirsten Tatlow asked what U.S. intelligence knew and when, and why the story took off only after the midterms 2. That matters because Rubio's memo reportedly went around the administration months ago, and Congress will want to know what officials did about it 12.
The Record
- Nvidia's board announced an investigation into whether Huang fell victim to a foreign intelligence plot; Trump called him an honorable guy 1.
- The New York Times reported Huang had a relationship with an executive who reported to him 1.
- Huang resigned; Colette Kress became interim CEO and Nvidia shares fell more than 11% 1.
- Trump is expected to meet Xi Jinping at the APEC summit in Shenzhen, which runs Nov. 18-19 3.
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Sources
- NBC News, “Nvidia CEO Jensen Huang resigns after reports of extramarital relationships” (2026-11-12). nbcnews.com/tech/tech-news/nvidia-ceo-jensen-huang-resigns-r
- Newsweek, “Nvidia's Jensen Huang Scandal: Chips, Spies and Strategic Overreaction” (2026-11-12). newsweek.com/nvidias-jensen-huang-scandal-chips-spies-and-st
- CNBC, “Jensen Huang's affair with alleged spy revives push to tighten China chip curbs ahead of Trump-Xi summit” (2026-11-12). cnbc.com/2026/11/12/nvidia-trump-jensen-chip-export-controls
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More from the files
Trump calls Nvidia CEO 'honorable guy' as House chairs press on alleged spy tie
Trump defended Jensen Huang, his close ally, after reports of Huang's relationship with an accused Chinese spy. Three House Republican chairs want Huang to brief them on Nov. 18 about national security risks.
Nvidia CEO Jensen Huang admits relationship with suspected Chinese spy; board opens probe
Huang told employees he owes them an apology, and Nvidia's board will investigate. Lawmakers in both parties want answers, and some are asking what the Trump administration knew.
House Republican chairs ask Nvidia's Huang for Nov. 18 briefing on alleged spy contact
Three House Republican chairmen want Nvidia's CEO to explain his ties to an executive U.S. intelligence reportedly believes passed information to Beijing. The reports do not say the relationship was romantic or that he knew of any spying.
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