Nvidia: Jensen Huang is said to have had another affair - replacement is imminent

The Wall Street Journal reported this on Wednesday, citing people familiar with the process. The New York Times also reported on the incident. The committee wants to meet on Wednesday (local time) to decide on Huang's future, according to the newspapers.

A few days ago, when there was initially only talk of one and not two affairs, Nvidia declared that Huang would continue to lead the company without interruption. On Wednesday, however, the New York Times reported that Huang also had a relationship with an Nvidia executive who reported to him.

Nvidia did not initially respond to a request for comment on Wednesday. Nvidia shares fell by around eight percent after trading.

The issue also has a large political dimension. Nvidia dominates the market for specialized chips that are essential for training artificial intelligence (AI) models like OpenAI's ChatGPT. The group is therefore at the center of the technological competition between the USA and China. The US authorities are investigating the suspicion that the affair with the Chinese woman gave the government in Beijing access to state-of-the-art AI chips, the export of which to China is banned.

Since 2022, the USA has been trying to restrict China's access to these technologies with export controls in order to slow down the technological and military rise of the People's Republic. Huang also has a direct line to US President Donald Trump.

Alleged affair with vice president

The New York Times reported on Wednesday that the second affair was a relationship between Huang and an executive subordinate to him. It's about the vice president responsible for the healthcare business, Kimberly Powell, the paper wrote, citing five employees. The reports come days after Huang admitted to having an affair with a Chinese businesswoman.

Nvidia's board of directors is currently investigating whether Huang was the target of a foreign intelligence operation. According to US intelligence agencies, the businesswoman is said to have facilitated deliveries of Nvidia chips to Chinese companies.

The listed company has lost more than $300 billion in value since the affair with the Chinese woman became known. A possible departure of Jensen Huang would leave a leadership vacuum for Nvidia. The group was most recently valued on the stock exchange at around four trillion dollars. Huang, who grew up in the USA, usually appears in a black leather jacket and is celebrated like a pop star, especially in his native Taiwan.