Nvidia’s board is preparing to oust its co-founder and CEO Jensen Huang, US media reported Wednesday, as the chip giant’s leader faces a growing list of controversies, including an affair with a woman accused of spying for China. Nvidia shares fell nearly 8% on Wednesday in post-session electronic trading.
The board of directors of the American semiconductor giant was preparing to meet on Wednesday to decide on Mr. Huang’s future, according to the Wall Street Journal, which cites sources familiar with the matter.
The New York Times reported Wednesday that Mr. Huang was also involved in a second extramarital affair with a female subordinate, saying there were videos documenting the 63-year-old executive’s tender behavior toward Nvidia’s vice president for healthcare, Kimberly Powell.
Ms. Powell, 48, has a role in developing Nvidia’s technology in the higher education and healthcare sectors. She was speaking at a conference in San Jose, California, where witnesses “saw them being affectionate at the hotel,” according to the daily.
The revelation about the second affair follows Mr. Huang’s acknowledgment of a relationship with Alice Huang, a senior executive at data center company Megaspeed based in Singapore.
U.S. intelligence agencies released a memo last spring claiming that Alice Huang was an agent of China’s Ministry of State Security, according to media reports.
Investigation and class action
Jensen Huang admitted to dating Alice Huang, who has the same surname but with whom he is not related. “I have been unfaithful to my wife,” he wrote in a memo to Nvidia employees this weekend.
The same day, Nvidia’s board said in a statement that it had launched “an independent investigation following recent reports that founder and CEO Jensen Huang was the target of a foreign intelligence operation.” “I support the investigation and will cooperate fully,” promised Jensen Huang.
The “Wall Street Journal” reported that Jensen and Alice Huang were photographed together in Taipei in 2024 and 2025.
Nvidia shareholders have filed a class action lawsuit against Jensen Huang and the AI graphics card or processor giant, accusing it of failing to disclose information about the relationship to investors.
Eight entries to Taiwan
Alice Huang, a Chinese woman accused of having worked for Beijing by having an affair with the boss of Nvidia, entered Taiwan eight times from 2024 to 2025, the Taiwanese minister of the Mainland Affairs Council said Thursday.
She used a Hong Kong passport to enter Taiwan “under the ordinary status of a business visitor” without “any particular description” about her, Chiu Chui-cheng, Minister of the Mainland Affairs Council (MAC), assured MPs.
The records show three entries by Ms. Huang into the territory in 2024, then five other entries in 2025, but none this year, detailed the minister.
