Reports: Nvidia CEO Jensen Huang to be ousted after affairs with spy, subordinate

Before the newest allegations surfaced, Silicon Valley leaders had largely closed ranks around Huang, with many voicing support for him and calling him “irreplaceable.” At 1:42 pm on Wednesday, just minutes before the Times broke its story, venture capitalist Ron Conway called for patience while investigations concluded.

It’s unclear if Huang will maintain his support in the wake of the new revelations. Already, he was facing an internal investigation into his relationship with the suspected spy, Alice Huang, the CEO of the Singaporean microchip vendor, Megaspeed, which had purchased billions of dollars worth of Nvidia products in recent years.

Lawmakers had called for investigations into the relationship, calls which will almost certainly grow if he is ousted by his own board. Republican leaders of House committees have asked Huang to appear at a private briefing, and the Justice Department has reportedly launched a federal investigation into Megaspeed.

Huang has admitted to having an affair with Alice Huang but denied knowing that she had ties to the Chinese Communist Party. “I was unfaithful to my wife,” Mr. Huang said in a message to the company on Sunday. “My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.” He reportedly told President Donald Trump he did not know Huang, who is not a relative, was a spy.

Huang’s wealth has exploded as Nvidia has risen with the AI boom, becoming one of the world’s most valuable companies with a market cap of more than $4 trillion. Huang and his wife of more than 40 years, Lori Huang, are said to be worth more than $150 billion.

They have spread some of that wealth on San Francisco causes over the last few years. In July, the couple announced they were making a $75 million matching gift to Vanderbilt University in its efforts to take over and rebrand the California College of the Arts campus. The gift, which came after a $22.5 million donation to CCA in 2025, would fund the creation of the Jen-Hsun and Lori Huang College of Art, Architecture and Design at Vanderbilt University–San Francisco.

The Huangs have also donated millions to the San Francisco Opera, and last week hosted a special concert of “The Marriage of Figaro,” which was attended by a who’s who of AI luminaries. According to the New York Times’ Dealbook blog (opens in new tab), guests included OpenAI president Greg Brockman; Thrive Capital CEO Josh Kushner; Sequoia Capital partner Pat Grady; Conviction founder Sarah Guo; and Huang’s wife and daughter, Madison Huang, who also works for Nvidia, as does their son Spencer.

This developing story will be updated.