Nvidia's shares slide as chip giant probes CEO over affair with alleged spy

Nvidia CEO Jensen Huang issued a memo to employees on Sunday admitting to an extramarital affair and apologizing to his family and colleagues. According to The Business Times - Companies & Markets, the admission follows months of reports regarding Huang's relationship with a suspected Chinese spy. SiliconANGLE reports that Huang admitted to being intimate with Alice Huang, a Singapore-based executive whom U.S. officials accuse of spying for China. Alice Huang is the CEO of Megaspeed, a Singapore-based data center company.

The Nvidia board of directors has announced an independent investigation into reports that Huang was targeted by a foreign intelligence operation. The inquiry will be overseen by a committee of independent directors with the help of outside legal counsel. While the board stated it has no reason to believe company secrets or U.S. national security were compromised, SiliconANGLE reports that the Republican-led foreign affairs and intelligence committee of the U.S. Congress has asked Huang to testify at a closed-door briefing this week regarding security protocols.

Donald Trump has commented on the situation, stating that Huang is a "fine person" and should remain as CEO, noting that he has not heard Huang has done anything wrong, according to Techmeme.

Brief written by urgent.news from Techmeme, SCMP Tech, The Business Times - Companies & Markets, SiliconANGLE, The Verge — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.