Nvidia hires law firm Wachtell Lipton to lead Jensen Huang affair probe

Nvidia CEO Jensen Huang has admitted to having an extramarital affair. According to CNBC Technology, the woman involved has been connected to Chinese intelligence in reports by The New York Times and Financial Times. TechCrunch reports that the individual is Alice Huang, an executive at the Singapore-based AI infrastructure company Megaspeed, and notes she is a Chinese citizen with no relation to the CEO.

U.S. officials believe Alice Huang is a Chinese spy who has been feeding information to Beijing, TechCrunch reports. Megaspeed has reportedly purchased $4.8 billion in Nvidia chips over the last two years and has previously been investigated by the U.S. and Singapore over suspicions of illegally sharing chips with China. Ars Technica reports that the investigation by Nvidia’s board into the affair and the alleged connection to a Chinese spy could result in Huang being forced out of the company he co-founded.

The controversy has impacted Nvidia's market position. Ars Technica notes that shares in the company fell more than 5 percent by midday Monday, following a period where Nvidia recently ceded its position as the world's most valuable company to Apple.

Brief written by urgent.news from CNBC Technology, TechCrunch, Ars Technica — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.