Nvidia Board Opens Investigation After Reports CEO Jensen Huang Was Targeted by Chinese Intelligence; Huang Admits Affair

Nvidia’s board said it “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,” overseen by independent directors with outside counsel (NBC News). The announcement followed New York Times and Financial Times reporting on Huang’s relationship with Alice Huang, a Chinese businesswoman whose Singapore-based company was buying Nvidia’s advanced chips and who the newspapers reported had been recruited to spy for China. A person familiar with the matter told NBC that U.S. intelligence agencies had determined she was a Chinese spy. That is an anonymous-source account; no charge has been filed.

In a memo to employees, Jensen Huang wrote: “I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did.” The board said it “has no reason to believe that either national security or NVIDIA secrets were compromised” and that U.S. national and economic security “is paramount.” Chinese Foreign Ministry spokesperson Guo Jiakun said “the so-called Chinese spy allegation is unsubstantiated.” A congressional letter to Nvidia said “It is vital that Congress determines the extent to which U.S. national security has been placed at risk.” Trump said “I think he’s an honorable guy.” Nvidia shares fell more than 4%, erasing almost $200 billion in value.

Context: an earlier entry records Huang calling Nvidia’s ties to the company “normal” after an executive was reported under U.S. scrutiny (2026-10-29–nvidia-huang-megaspeed-ties-normal-after-report-executive-under-us-scrutiny-china); chip-export policy to China is in 2026-01-15–bis-rule-eases-h200-mi325x-ai-chip-exports-to-china-25-percent-surcharge.