Technology and Scienceupdated 19m ago2 min read
Archive photo · 30 April 2026Jensen Huang Resigns as Nvidia CEO After Extramarital Affairs and Alleged Chinese Spy Link
“I promised him in the beginning when I first met him that I would help him have really easy access to the president,”
“US Treasury Secretary Scott Bessent on Sunday said Nvidia needs to ‘go outside the company’ as it seeks a new chief executive”
Photo: Anderseidesvik, CC BY-SA 4.0 · Cropped for layout
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Nvidia announced Jensen Huang's immediate resignation as CEO and board member. Resignation followed revelations of extramarital affairs involving Huang.
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Huang resigns, Kress interim
Jensen Huang resigned last Thursday as president, chief executive officer, and board member of Nvidia, ending a 33-year run after revelations of extramarital affairs, including one involving a suspected Chinese spy. Nvidia named Colette Kress, its current vice president and chief financial officer, as interim CEO, and the company said Huang stepped down effective immediately in a statement issued on Thursday. The New York Times reported that Huang, 63, had a sexual relationship with a senior Nvidia executive who reported directly to him, and Reuters reported another relationship between Huang and a second employee.
DW said the revelations emerged just three days after Huang admitted to an extramarital relationship with a Chinese woman whom U.S. intelligence agencies suspect is spying for China, while Beijing denies spying. DW also said the United States is investigating whether Megaspeed, a Singapore data-center firm and a major Nvidia customer, served to circumvent export restrictions and ship chips to China.
Bessent urges board shake-up
Scott Bessent said Nvidia needs to “go outside the company” as it seeks a new chief executive after Huang stepped down last week. Bessent told Fox News’ Sunday Morning Futures that the board’s search should include “a dramatic shake-up,” arguing that “just [with] what was going on inside the company” it needed a change. Jason Calacanis said Nvidia’s board removed founder-CEO Jensen Huang on November 12, 2026, and he argued the alleged affairs were not the real driver.
Calacanis claimed a leak from China hawks inside the White House opposed chip exports to China, and he predicted Huang would be back within 12 months. Calacanis also said Senate Banking Chair Tim Scott wants Huang under oath on December 3, and he added that three House GOP chairs gave Huang until Friday evening to confirm a closed-door interview on December 1 or face a subpoena.
Export scrutiny and fallout
The United States investigating whether Megaspeed helped circumvent export restrictions placed Nvidia’s advanced processors, used to train and run large AI models, at the center of the dispute over shipping chips to China. Megaspeed denied the allegations and pledged to cooperate with investigators, while DW said the United States is investigating whether the company served to violate Washington’s restrictions on high-end semiconductors. El Correo said Nvidia has lost about $550 billion in market value in four days, describing the drop as the market’s conclusion even though Nvidia had not officially linked Huang’s departure to the scandal.
El Correo identified the businesswoman as Alice Huang, a former director of Megaspeed, and it said there is no public evidence she obtained company secrets. El Correo also said Colette Kress took interim control as Nvidia’s stock fell 4.3% on the day of the resignation, and it described the episode as a case where hidden romance can be more costly than a bad acquisition.