AI chipmaker Nvidia is preparing to remove Jensen Huang as its chief executive, the reported, after Huang on Sunday admitted to an affair with a suspected spy for China’s intelligence service.

Huang also had a second affair with an executive at Nvidia who reports to him, the reported on Wednesday.

Nvidia’s shares slid about 9 percent in after-hours trading on Wednesday following the reports, after sliding about 6 percent on Monday in the aftermath of Huang’s disclosure.

Board probe

Nvidia’s board on Sunday said it would investigate the reports that Huang “has been the target of a foreign intelligence effort”.

Huang acknowledged having an affair with Alice Huang, or Huang Le, a former executive with Singapore-based cloud company Megaspeed, which has bought more than $4.8 billion (£3.6bn) of Nvidia chips since June 2024.

The chips’ intended use was to build data centres in Malaysia for Chinese clients, but US authorities began investigating whether some of those chips were making their way into mainland China in violation of US sanctions, according to reporting by Bloomberg and the .

Intelligence agent

Their investigations reportedly determined that Alice Huang was collecting intelligence for China and that Jensen Huang was romantically involved with her.

The US administration was reportedly informed about the affair, but took no action. Some US agencies have urged for Megaspeed to be added to the US Entity List trade blacklist, but this has not occurred.