Nvidia boss Huang resigns after espionage scandal

Leading chip manufacturer Nvidia boss Huang resigns after espionage affair As of: November 12, 2026 • 3:49 p.m

The head of the world's largest chip company Nvidia, Jensen Huang, resigns because of an affair with a suspected Chinese spy. The US company announced that his duties will be temporarily taken over by the previous CFO, Colette Kress.

Nvidia boss Jensen Huang resigns from his post after his affair with a possible Chinese spy. The US company announced this. The previous CFO, Colette Kress, will temporarily take over his duties. In the meantime, a permanent position should be sought internally and externally.

Huang admitted to having a romantic relationship with a woman classified by US authorities as a Chinese spy. The New York Times also reported that Huang had an extramarital affair with a company executive who reported to him.

The shares of Nvidia, one of the most valuable companies in the world, fell by 14 percent after trading began on the US technology exchange Nasdaq, but have since recovered somewhat.

There had already been speculation about Huang's end as Nvidia boss. The board of directors met. According to Nvidia's statutes, the CEO can be removed by a majority vote of the directors "with or without cause."

The suspected spy held a management position at the Singapore-based technology company Megaspeed. The company says it wants to cooperate in the investigation into possible risks to US national security.

The move is raising fears that Beijing is trying to use unfair means to gain access to Nvidia's cutting-edge chips used for AI development, the export of which to China is restricted. According to media reports, the US Department of Commerce was investigating Megaspeed on suspicion of circumventing US export restrictions on Nvidia chips to China.

The US chip company Nvidia is investigating its co-founder and boss Jensen Huang. That's what it's about. more

Jensen Huang was previously the face of the chip giant that became the engine of the AI ​​boom. Until recently, Nvidia without the company boss was unthinkable. The 63-year-old co-founded the company more than three decades ago and built it into the main supplier of chips at the center of the global AI boom and the US-China technology rivalry. Huang has no obvious successor and owns around 3.6 percent of Nvidia shares.

Nvidia's crisis could have much wider implications: the company from Santa Clara in Silicon Valley invests some of its billions in profits to support AI start-ups, which in turn use them to buy the company's chips. Huang has also developed a close relationship with US President Donald Trump in recent years. And the federal government also recently rolled out the red carpet for Huang at the innovation summit and agreed to work with Nvidia.

In October 2025, Nvidia became the first company in the world to reach a value of over five trillion dollars on the stock market. The market value is currently significantly lower - as a result of the espionage affair of the previous company boss.

This topic in the program: The First | daily news | 11/12/2026 | 3:00 p.m