Nvidia co-founder Jensen Huang has resigned as CEO, president, and board member after reports of two extramarital affairs, including one with a woman U.S. officials believe is a Chinese spy. CFO Colette Kress has been named interim CEO.
Nvidia co-founder Jensen Huang has resigned as CEO, president, and board member, effective immediately, the company announced on November 12, 2026. The resignation follows reports of two extramarital affairs, one with Megaspeed executive Alice Huang, whom U.S. officials believe is a Chinese spy, and one with Nvidia vice president of health care Kimberly Powell, who reports directly to the CEO.
Nvidia confirmed in an SEC filing that the board accepted Huang’s resignation on Wednesday. Current CFO Colette Kress will take over as interim CEO while still fulfilling her CFO duties. Kress joined Nvidia in 2013 and previously worked at Cisco and Microsoft.
Harvey C. Jones, a managing partner of Square Wave Ventures and former CEO of Synopsys, was appointed as the company’s first-ever chair of the board of directors. Jones has been on Nvidia’s board since 1993.
Nvidia said it is initiating a search for a permanent chief executive officer and will consider internal and external candidates.
U.S. officials had been investigating Alice Huang and Megaspeed for more than a year. The New York Times reported in late October that the two executives had a close relationship. An Nvidia spokesperson at the time said, “Jensen’s interactions with Ms. Huang are not unusual or unexpected. Meetings with customers are part of a CEO’s job; Jensen talks with thousands of customer executives every year.”
In a letter to Nvidia employees, Huang admitted to cheating on his wife of 40 years and wrote, “I owe my family and all of you an apology.” He linked his infidelity to “the national security concerns raised in news reports.”
The Justice Department has taken over the federal investigation into Megaspeed, a Singapore-based AI infrastructure company that reportedly purchased $4.8 billion in Nvidia chips over the last two years. The U.S. and Singapore have both previously investigated Megaspeed over suspicions that the firm was illegally sharing chips with China.
Nvidia is one of the world’s largest makers of AI chips, which are essential for accelerating AI development. As an American company, Nvidia faces government restrictions on the sale of its most powerful chips to Chinese entities. The U.S. and China are engaged in a technological arms race to build the most advanced AI infrastructure, which could shape each country’s economic future, military prowess, and capacity for innovation.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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