With the political rhetoric, having the CEO of a company being linked to a Chinese agency isn’t a good look. Especially when many in the tech space claim they need to beat China. Even President Donald Trump has strong opinions about China, and immense admiration for Nvidia CEO Jensen Huang.
Nvidia’s board of directors announced Sunday that it’s launching an independent investigation following reports that CEO Jensen Huang was targeted by a Chinese spy operation. Being one of the biggest producers of memory for AI data centers.
“I owe my family and all of you an apology,” Jensen Huang wrote. “I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.”
“To my colleagues at NVIDIA, including those I have worked alongside for decades, and to our board, partners, and shareholders around the world: you deserve better from me,” he said.
Jensen Huang is Being Investigated by Nvidia
Huang notes that he had “fallen short” in his responsibility to the company. Which is guilty speak for “I know I did wrong but I did it anyways. I only apologize because I was caught.” Nvidia comments that they “have no reason to believe” that national security or trade secrets were exchanged.
He founded the company back in 1993. His entire net worth is tied to Nvidia, which lies between $551 to $155 billion. That may be eye popping for people that make $50,000 a year. But he is far behind Mark Zuckerberg and Elon Musk.
His affair was with Alice Huang. A former executive at Singapore-based chip company Megaspeed (though he didn’t mention her by name). A memo circulating among U.S. policymakers earlier this year claimed that Alice Huang had been recruited by China’s Ministry of State Security to spy on Nvidia’s CEO.
Given that the news came out on Sunday, it is unclear how the markets will react on Monday. However, given how rich and connected he is, there is little chance that he would suffer any personal consequences for his affair with a suspect Chinese agent. With that being said, I’m sure he’ll be taken to the cleaners in the divorce.
Leave a Reply