Nvidia CEO Jensen Huang admitted to an extramarital affair with a Chinese businesswoman suspected of working for Beijing’s intelligence services. The revelation came after internal investigations were launched following reports of the relationship. Huang, 63, acknowledged the affair during a weekend statement, though he denied any knowledge of the woman’s alleged espionage activities.

The woman, identified as Alice Huang, is a Chinese executive with ties to Beijing. US intelligence reportedly believes she was involved in passing information to Chinese authorities. Nvidia has stated it has no evidence that company secrets or US national security were compromised. The controversy led to a sharp drop in the company’s market value, with over $190 billion lost in a single day.

This incident follows growing concerns about foreign espionage in the tech sector. US President Donald Trump has expressed confidence in Huang, stating he was briefed on the matter and believes the CEO was unaware of the woman’s alleged ties. The FBI is reportedly investigating the case.

The affair has also raised questions about corporate governance at Nvidia. Critics argue the board has historically allowed Huang significant influence, turning the company into a global leader in AI and chip technology. The situation highlights the intersection of personal conduct and national security in the tech industry.

The scandal underscores the risks of personal relationships in high-profile tech leadership roles. As the investigation continues, the focus remains on whether any wrongdoing occurred and its implications for both the company and US-China relations.