Nvidia shares tumble over investigation into Huang's affair with alleged Chinese spy

Newswire reports that Nvidia announced Huang’s departure on Thursday, Nov. 12, with immediate effect from both the chief executive position and the company’s board. Daily Mirror describes his resignation as a setback for the artificial-intelligence industry and says Huang had built Nvidia into a leading AI-focused chipmaker.

Newswire reports that the company’s internal investigation examined two extramarital affairs. One involved a woman U.S. intelligence officials reportedly considered a suspected Chinese asset; the other involved Nvidia’s vice president of healthcare, who reported directly to Huang. Newsfirst reports that Trump said the FBI was investigating the alleged affair with a suspected Chinese spy and that he had spoken with Huang on Monday.

Newswire reports that Nvidia had said it had no reason to believe company secrets or U.S. national security were compromised. It also reports that Huang apologized to the company and his family. Newsfirst attributes the account of the FBI inquiry to Trump.

Newswire reports that incoming Democratic-controlled Congress members were preparing to investigate the matter, including what Trump knew about the alleged Chinese espionage. Ada Derana reports that Trump said former Apple chief executive Tim Cook should replace Huang. Daily Mirror describes Nvidia as a company Huang built, while Newswire says he founded it in 1993 and puts its value at $4 trillion.