A cheating scandal that led to an investigation, What’s next for Nvidia CEO Huang after he admits to affair
Landon Capital News
Nvidia shares plunged 8% on Monday after Chief Executive Jensen Huang apologized to employees after admitting to an affair with businesswoman Alice Huang, whom U.S. intelligence suspects is a Chinese spy. Huang told staff he was “deeply sorry”, as the chipmaker’s board opens an independent investigation.
“I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry,” Huang wrote in the memo. He said, “his family deserved his honesty and loyalty and that he had let them down,” according to a memo released publicly on Sunday.
The disclosure has drawn attention to the personal life of the high-profile executive, who has become one of the most influential figures in the global technology industry through Nvidia’s dominance in artificial intelligence chips.
“The NVIDIA Board is initiating an independent investigation in light of recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort,” the company said in a statement Sunday.
“Today’s news will not slow NVIDIA. Jensen is committed to continuing to lead NVIDIA as CEO without interruption,” Nvidia spokesperson told Investing.com in an emailed statement.
The probe follows an October New York Times report alleging Huang had a close relationship with the Chinese businesswoman who passed information to Beijing. Senior Republican lawmakers in the U.S. House of Representatives have called on Huang to brief Congress this month over the allegations.
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