Two alleged affairs, a probe, then resignation: Inside Jensen Huang's exit from Nvidia

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The resignation of Jensen Huang comes after reports of his alleged affair with Alice Huang, a Chinese businesswoman who US suspect of spying for Beijing. | World News

Nvidia CEO Jensen Huang resigned from his post on Thursday following revelations of two extramarital affairs, one of which allegedly involved a woman accused of spying for China.

The company’s CFO Colette Kress was appointed as interim CEO in a board meeting on Wednesday. "NVIDIA's strength has always come from its people," she said, adding that the company's focus would remain on serving its customers, partners, developers and shareholders.

As Huang, who co-founded Nvidia and is its fourth-largest investor with a stake of about 3.61%, is also set to exit the board, here's a look at the events that culminated in his resignation.

The resignation of the 63-year-old tech giant comes after The New York Times reported on November 7 his alleged affair with Alice Huang, a Chinese businesswoman whom US authorities suspect of spying for Beijing.

Following the report, the company said that they are “initiating an independent investigation in light of recent reporting that 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 prioritises US national and economic security, which is paramount to the interests of Nvidia and its shareholders,” it said.

Also Read: Who is Alice Huang? The woman at the centre of Nvidia’s scandal remains elusive.

Jensen Huang admitted to having an affair with Alice Huang in an email to Nvidia employees on Sunday, after the company launched an internal probe.

"I was unfaithful to my wife," Jensen Huang wrote. "My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.

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