Nvidia’s board is reportedly considering the future of co-founder and CEO Jensen Huang following allegations of two extramarital relationships, including one involving a businesswoman whom US intelligence officials have reportedly identified as a suspected Chinese intelligence asset.
The Wall Street Journal reported on Wednesday, November 11, that the company’s board could meet as early as that day to discuss Huang’s position. The report cited people familiar with the matter. Nvidia has not publicly confirmed that it is considering removing him.
The latest allegations were reported by The New York Times, which said Huang had a relationship with Kimberly Powell, Nvidia’s vice-president of healthcare. Powell, 48, reports directly to Huang, 63, and joined the company in 2008.
According to five people familiar with the matter who spoke to the newspaper, the relationship had been discussed internally at Nvidia. Two former employees told the Times that Huang and Powell were seen behaving affectionately at a hotel in San Jose, California, during a company conference in March.
The Times said it had not independently viewed the video reportedly showing the two together.
Nvidia Investigates Relationship With Businesswoman
The allegations involving Powell follow reports about Huang’s relationship with Alice Huang, also known as Huang Le, a senior executive at Singapore-based data centre company Megaspeed.
The Wall Street Journal reported that the two were photographed together in Taipei in 2024 and 2025. US intelligence officials reportedly circulated a memo alleging that Alice Huang was an asset of China’s Ministry of State Security.
The allegations have not been independently established. Beijing has rejected the espionage claims, describing them as unsubstantiated.
Huang acknowledged being unfaithful to his wife in a message to Nvidia employees on Sunday, November 8, although he did not name the woman involved.
“I was unfaithful to my wife,” he wrote.
Nvidia’s board said the same day that it had launched an independent investigation following reports that its founder and CEO had been targeted by a foreign intelligence effort. The investigation is being led by law firm Wachtell, Lipton, Rosen & Katz.
“I support the investigation and will cooperate fully. I love our country and our company,” Huang said.
Questions Over Workplace Policies and Shareholder Lawsuit
The reported relationship between Huang and Powell has also raised questions about Nvidia’s workplace policies. The company’s code of conduct asks employees to avoid situations that could create conflicts of interest, including personal relationships, and says the company promptly investigates reports of misconduct.
Powell oversees Nvidia’s efforts to expand the use of its chip technology in healthcare and higher education, including medical imaging.
Meanwhile, Nvidia shareholders have filed a class action lawsuit against Huang and the company, alleging that information about his relationship was not disclosed to investors.
Republican leaders of three influential House committees have also sought a closed-door briefing from Huang about his interactions with Alice Huang.
Nvidia Shares Face Pressure
The controversy comes as Nvidia has become one of the most influential companies in the artificial intelligence industry. Its shares have reportedly fallen in recent days following Huang’s admission.
Huang has appeared alongside US President Donald Trump at White House events, most recently last month, when he received the National Medal of Science.
Nvidia designs graphics processing units (GPUs), which are widely used in gaming and artificial intelligence. Most of its processors are manufactured by Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker.
The company’s board investigation is ongoing, and no decision on Huang’s position has been publicly announced.
