Nvidia CEO Jensen Huang Resigns Over Affairs, Agrees to Testify to Congress

Nvidia CEO Jensen Huang, 63, resigned Thursday after reports of extramarital relationships, including one with a suspected Chinese spy, ending a 33-year run at the chipmaker he co-founded. The board named Chief Financial Officer Colette Kress interim CEO and appointed Harvey Jones, a former Synopsys CEO, as Nvidia's first chairman. Nvidia shares fell more than 11% after the announcement, and a spokesperson said Huang will not work with the company in any capacity. The reports say he had a relationship with Alice Huang, no relation, an executive at Singapore-based Nvidia customer Megaspeed whom US intelligence suspects of spying for Beijing. They also describe an affair with Kimberly Powell, a vice president and direct subordinate. Huang has denied compromising national security. After House Foreign Affairs Chairman Brian Mast and two other GOP chairmen threatened a subpoena, Huang agreed to a closed-door interview before the Thanksgiving recess. No date has been set.

Left-leaning NBC News leads with the resignation and the corporate fallout: the 11% share drop, Kress's email to employees, the new chairman as a governance overhaul, and a source saying the White House knew of the board meeting. It stresses the affair with a subordinate alongside the alleged spy. Right-leaning outlets, the New York Post and Daily Caller, lead with Huang's agreement to testify. They quote Mast and the committee chairmen on national security risks and PRC access to US technology. The Post adds that Republicans are pressing Commerce Secretary Howard Lutnick because Megaspeed was never put on the Entity List, and the Daily Caller links to a report on $7 billion in chips moved to China. Both sides agree on the resignation and the alleged spy link. The Dispatch, an independent outlet, ran the story under a headline calling it a Chinese spy scandal.