Nvidia CEO Jensen Huang Resigns Amid Investigation

Huang publicly apologized for being unfaithful to his wife, but did not elaborate on the relationship nor comment on the allegations.

Nvidia CEO Jensen Huang has resigned following an internal investigation.

The probe is being overseen by outside independent counsel and a committee of independent directors. Officials are looking into a media report that Huang had a close relationship with a Chinese business woman who allegedly passed information to Beijing.

China has rejected allegations of a spying operation targeting the Nvidia CEO. It also dismissed reports of a suspected Chinese intelligence plot as a smear campaign against Beijing.

Huang publicly apologized for being unfaithful to his wife, but did not elaborate on the relationship nor comment on the allegations.

Chief Financial Officer Colette Kress will serve as interim CEO while Nvidia searches for a permanent successor. Nvidia also named former Synopsys CEO and board member Harvey Jones as its first-ever board chairman. Huang will leave the company’s board as well.

Nvidia has become the second-largest publicly traded U.S. company by market cap on the strength of its dominance of the AI chip market.