Sources: firms tied to Alice Huang recently invested in DeepSeek, to forge closer ties and supply Nvidia's Blackwell chips, which are banned from sale to China (The Information)

Nvidia co-founder Jensen Huang is stepping down as CEO following reports of an affair with a Chinese businesswoman whom U.S. authorities suspect of spying for Beijing. The Korea Times and Bangkok Post report that Huang, who is married, also allegedly had an extramarital affair with a senior company executive who reported to him. Nvidia's board met Wednesday to consider his ouster.

Chief Financial Officer Colette Kress will serve as interim CEO while the company searches for a permanent successor, according to Scientific American, The Korea Times, and Bangkok Post. Additionally, former Synopsys CEO and board member Harvey Jones has been named as the company's first board chairman. Huang, who holds a 3.61% stake in the company, will also exit the board.

The news caused Nvidia shares to fall more than 10% in premarket trading, weighing on the broader market, according to The Korea Times and Bangkok Post. The Times of Israel described Huang as a "rock-star chief executive." Meanwhile, The Information reports that firms tied to Alice Huang recently invested in DeepSeek to forge closer ties and supply Nvidia's Blackwell chips, which are banned for sale to China.

Brief written by urgent.news from Techmeme, Scientific American, The Times of Israel, The Korea Times, Bangkok Post — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.