How Nvidia’s Jensen Huang got entangled in a China chip and spy scandal

Summary

• Nvidia CEO Jensen Huang resigned on November 12, 2026, following a national-security & political storm over his relationship with Alice Huang, a business executive linked to Megaspeed International.
• The controversy intensified after reports revealed Huang's affair facilitated the shipment of at least $7.5 billion worth of chips to Chinese firms, leading to accusations of fraud against shareholders.
• U.S. lawmakers, including Republicans & Democrats, demanded investigations & restrictions on chip exports to China while the board launched an independent probe led by former U.S. Attorney Joon Kim.
• Additional allegations emerged regarding an extramarital affair with Kimberly Powell, Nvidia's vice president of healthcare, which further complicated the board's decision to oust Huang.
• CFO Colette Kress will serve as interim CEO immediately after Huang's departure, leaving the AI industry without its primary leader amidst ongoing federal scrutiny.