Nvidia CEO Jensen Huang’s confession engulfs chip giant in spying controversy

In a memo to employees, Nvidia CEO Jensen Huang admitted to having an affair, a scandal that has engulfed the chip giant in a spying controversy. The admission comes after months of reports questioning the CEO's relationship with a woman allegedly linked to a Chinese spy agency. Huang confirmed on Sunday that he was unfaithful to his wife, expressing deep regret for his actions and their impact on his family.

The company's board has launched an investigation into the matter, assembling a team of independent directors to work with outside counsel. Despite the scandal, Huang will retain his position as CEO pending the outcome of the investigation. The controversy has intensified concerns about Nvidia's role in the artificial intelligence market, already shaken by worries about a slowdown in data center spending.

Nvidia supplies essential chips for AI computing equipment, and its founder has been a vocal advocate for the technology's adoption. The investigation will focus on reports that Huang was targeted by a foreign intelligence effort, though the board does not believe national security or Nvidia secrets were compromised.