Major shock in the tech world as Jensen Huang abruptly stepped down as CEO of Nvidia and gave up his board seat, effective immediately. The board made the announcement on Thursday (Nov.12) following an internal company inquiry.
The Internal Probe Findings
The inquiry looked into two extramarital relationships. According to U.S. intelligence officials, one of the women involved was identified as a suspected Chinese asset.
The investigation also revealed a relationship with Kimberly Powell, the company's vice president of healthcare, who reported directly to Huang.
Security Claims and Apology
Nvidia previously stated that it puts U.S. national and economic security first. The firm noted it has no reason right now to believe that national security or company secrets were compromised.
Huang offered an apology to the company and his family, admitting there was no excuse for his actions.
Congressional Probe Looming
This sudden departure brings an end to Huang's leadership of the $4 trillion chip giant, which he founded back in 1993.
What happens next
The incoming Democratic-controlled Congress is preparing to investigate the situation and examine how much President Donald Trump knew about the alleged Chinese spying.
