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Nvidia co-founder Jensen Huang resigned as chief executive on Thursday. CFO Colette Kress will take over as interim CEO. On Nov 8, Jensen Huang admitted in an e-mail to Nvidia staff that he had been "unfaithful" to his wife, without naming Alice Huang. Nvidia's board announced an independent investigation on Nov 8, to be overseen by a committee of independent directors.
China's Foreign Ministry called the allegations unsubstantiated and described them as smears.
Megaspeed bought more than US$4.8 billion worth of Nvidia chips over two years, The New York Times reported. The company denies illegally transferring Nvidia chips to China. Megaspeed CEO and chairman Tan Yong Pong said the company takes its compliance obligations under US export control laws "extremely seriously" and had cooperated with inspections by the US Department of Commerce's Bureau of Industry and Security.
Between February 2025 and July 2026, four individuals and four companies were charged in court, including with fraud by false representation over server purchases. The offences carry jail terms of up to 20 years each.