Nvidia spy scandal: What Jensen Huang told top officials about relationship with Alice
Board orders independent probe after Huang misled executives about relationship with Alice Huang
Quick Look
- Jensen Huang resigned as Nvidia CEO after misleading senior executives about his affair with Alice Huang, a former Megaspeed International executive under US investigation for suspected spying for China.
- Nvidia's board appointed Wachtell, Lipton, Rosen & Katz for an independent probe.
- Nvidia's stock fell more than 30% from its October 6 high, wiping out over $1.8 trillion in market capitalization.
AI-generated summary
Why It Matters
Jensen Huang founded Nvidia and served as CEO until his resignation. His interactions with Alice Huang, a former senior executive at Nvidia customer Megaspeed International, came under scrutiny after a New York Times article in October last year highlighted their public meetings. Alice Huang was under US investigation over suspicions she may have been spying for China, a claim Beijing denies. Reuters verified photographs showing the two together in the US, China, and elsewhere dating back to December 2023.
Nvidia founder and former CEO Jensen Huang misled some of the chipmaker's senior executives about his relationship with Chinese businesswoman Alice Huang. He portrayed their interactions as routine business dealings, despite having an affair with her, according to two people familiar with the matter and internal correspondence reviewed by Reuters. Among the executives Huang communicated with were general counsel Tim Teter and chief marketing officer Alison Wagonfeld. In two separate messages sent in October, Huang told them that his interactions with Alice Huang were part of standard business dealings with customers. He also described his engagement with her company, Megaspeed International, as routine in other communications, people told Reuters. Reuters reviewed several exchanges from October on the condition that the messages would not be quoted verbatim. The news agency is the first to report on the correspondence. The two people said Huang had addressed questions about his relationship with Alice Huang on two occasions, during the autumn of 2025 and again in October 2026, after press queries brought the matter to the attention of some Nvidia leaders. On both occasions, he described their interactions as appropriate. Reuters reviewed only the October messages and not the exchanges from 2025. Alice Huang, a former senior executive at Megaspeed International, an Nvidia customer, was under investigation by the US over suspicions that she may have been spying for China. Jensen Huang and Alice Huang share the same surname but are not related.
Earlier questions about meetings with Alice Huang
Huang's interactions with Alice Huang had come under scrutiny following a New York Times article published in October last year, which highlighted their public meetings. According to the two people, Huang subsequently discussed the possibility of taking legal action against the newspaper. The article had also prompted him to communicate with some Nvidia leaders in 2025 about his interactions with Alice Huang. However, he did not describe the relationship as an affair, the people said. Neither Huang nor Nvidia eventually sued the newspaper. A spokesperson for the New York Times said it had received no legal demand. It remains unclear when the relationship became intimate. Photographs posted online and verified by Reuters show the two together in the US, China and elsewhere, dating back to December 2023.
Board orders independent probe
On November 10, Nvidia's independent board members announced that they had appointed Wall Street law firm Wachtell, Lipton, Rosen & Katz to conduct an independent investigation. The move followed reports by the New York Times and Wall Street Journal about Huang's relationships with Alice Huang and US authorities' suspicions that she was spying for China. Beijing has denied that Alice Huang is a spy. Reuters has not independently verified whether she was working on behalf of the Chinese government. In an interview with Bloomberg published on October 29, Jensen Huang said the US government had not informed him about its suspicions concerning Alice Huang.
Huang exits Nvidia
Huang resigned as Nvidia CEO on Thursday. His departure marks a dramatic fall from the top of the chip industry, where he was a pioneer of technology central to the recent artificial intelligence boom. In a statement earlier this week, he apologised for being unfaithful to his wife and disappointing the company. However, he did not specifically name Alice Huang. The revelations also follow reports of other relationships. The New York Times reported earlier this week that Huang had an extramarital relationship with an Nvidia employee. Reuters reported on Thursday that he had another intimate relationship with a different Nvidia employee. Nvidia's stock has fallen more than 30% from its October 6 closing high, wiping out more than $1.8 trillion from its market capitalisation, taking the figure below $4 trillion mark for the first time.
What to Watch
AI outlook — possibilities, not facts
Wachtell, Lipton, Rosen & Katz will complete an independent investigation into Jensen Huang's conduct and relationship with Alice Huang.
Very likely · Within weeks
Nvidia's stock will remain volatile in the immediate term following the CEO resignation and scandal revelations.
Likely · Within days
Open Questions
- When did the relationship between Jensen Huang and Alice Huang become intimate?
- What specific findings will Wachtell, Lipton, Rosen & Katz uncover in the independent investigation?
- Will US authorities take action regarding suspicions that Alice Huang was spying for China?
- What is the full extent of Huang's other reported relationships with Nvidia employees?