Nvidia CEO admits affair with Alice Huang; board orders security review

Nvidia CEO Jensen Huang has admitted to an extra-marital affair with Alice Huang, CEO of Singapore-based company Megaspeed. In an email to the company's employees, Huang confessed to having a romantic relationship with a suspected Chinese spy. "I owe my family and all of you an apology," Huang wrote in an email to Nvidia employees obtained by Axios. Meanwhile, Nvidia's board in a statement said that it has launched an independent investigation into the matter. The board said that as of now it has no reason to believe that America's national security or company secrets were compromised and expressed confidence in CEO Huang's leadership. An Nvidia spokesperson said that Huang was committed to continuing as CEO of Nvidia without interruption. According to reports in The New York Times and Financial Times, Nvidia customer called Megaspeed, has been passing information to Chinese spies.

Nvidia CEO Jensen Huang's letter to company's employees

To my colleagues at NVIDIA, I owe my family and all of you an apology. I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry. Throughout my life, my family has given me love and support. They deserve my honesty and loyalty. Instead, I let them down and damaged the life we built together. I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it. To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust. To my colleagues at NVIDIA, including those I have worked alongside for decades, and to our board, partners, and shareholders around the world: you deserve better from me. Leading NVIDIA is the privilege of my life. My responsibility is to serve you and be worthy of your trust. I have fallen short of that responsibility. I am fully committed to NVIDIA and will work to earn back your confidence. Regarding the national security concerns raised in news reports, NVIDIA's Board of Directors has initiated an independent investigation. I support the investigation and will cooperate fully. I love our country and our company. I am committed to protecting NVIDIA and supporting America's national security. I am proud and grateful to be an American. My family bears no responsibility for my choices. I do. Please give them privacy. Jensen

Statement from Nvidia's Board of Directors

The statement, published on Nvidia's website, comes after US officials expressed concern over Huang's relationship with the executive of a Singapore-based company who is believed to be a Chinese spy. Here's the statement: The NVIDIA Board 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. A committee of independent directors, assisted by outside independent counsel, will oversee the investigation. The Board prioritizes U.S. national and economic security, which is paramount to the interests of NVIDIA and its shareholders. While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board's inquiry will examine all available information. Jensen fully supports the review and has committed to cooperating with it. The Board has confidence in Jensen and his leadership team and will provide further updates as appropriate.