AI chip company: Nvidia boss Huang resigns after espionage scandal

The company's shares lost more than 13 percent after the start of trading as a result of Huang's resignation. With a good four trillion US dollars, Nvidia is the second highest valued company in the world after Apple. As a result of a possible espionage affair, the share price fell significantly at the start of the week.

Huang admitted to an extramarital affair in a letter to employees on Sunday. According to media reports, the woman in question is Alice Huang. She was now manager of the Singaporean data center company Megaspeed, an important Nvidia customer. US intelligence agencies believe she is an agent of Chinese services. According to information from the Wall Street Journal (WSJ), the Justice Department is investigating her in several cases. Nvidia also started an internal investigation.

On Wednesday evening, the New York Times and the WSJ reported on Huang's second affair. The CEO had a relationship with manager Kimberly Powell, who heads the healthcare business at Nvidia and reports directly to him. The WSJ relies on a person in the know, the New York Times on five current and former employees. Powell did not respond to requests for comment, and Nvidia declined to comment. Huang has also not yet commented on the new allegations.