Nvidia CEO Jensen Huang addresses office after report of relationship with suspected spy

Nvidia CEO Jensen Huang returned to the office and apologized to employees after reports of a romantic relationship with Alice Huang, a businesswoman suspected of spying for China. The company launched an independent investigation; shares fell sharply.

Nvidia CEO Jensen Huang returned to the company's California office on Monday, a day after confessing to employees that he had been unfaithful to his wife, and opened the executive meeting with an apology without allowing questions. This follows the revelation of a romantic relationship between him and Alice Huang, a businesswoman suspected of espionage for China. A new investigation by The Information reveals that the relationship allegedly began as early as 2023, and that Alice Huang, her husband, and her sister established a network of companies in China and Singapore to purchase Nvidia chips. According to the investigation, the connections allegedly facilitated the transfer of approximately 240,000 advanced chips worth at least $7.5 billion to Chinese companies, despite U.S. export restrictions. The findings have not yet been proven in legal proceedings. Nvidia's board has launched an independent investigation, and the company has stated it has no reason to believe trade secrets were exposed. Nvidia's stock fell about 9.5% in two days, wiping out approximately $430 billion in market value. Experts are divided on whether Huang can retain his position.