Jensen Huang resigns as Nvidia CEO after affair with suspected Chinese spy

Jensen Huang has resigned as Nvidia’s CEO after admitting to an extramarital affair with a woman suspected of being a Chinese spy, ending his tenure at the AI chip giant he built into a multitrillion-dollar company. The board accepted his resignation on Wednesday, November 11, following a late-night meeting. The scandal began in late October with reports of Huang’s ties to Alice Huang, which he initially denied as normal business relations. A turning point came on November 6 when a Financial Times report cited US officials describing the relationship as romantic, leading to Huang’s confession to general counsel Tim Teter. The board’s investigation expanded after The New York Times reported a second affair with vice president Kimberly Powell, prompting his ouster. Chief financial officer Colette Kress has been named interim CEO, with an all-hands meeting scheduled for November 18, a day after Nvidia reports earnings expected to show near-doubling sales growth. Huang faces upcoming congressional testimony about potential national security risks, while the board seeks a permanent replacement, with AMD’s Lisa Su and Arm’s Rene Haas considered potential candidates.