Jensen Huang's tenure at the head of Nvidia ended 13 days after the first report. The New York Times published its account of U.S. suspicions about Alice Huang, a former executive of Singapore-based Nvidia customer Megaspeed, on Oct. 29. On Nov. 11, Nvidia's board accepted Huang's resignation as president, chief executive and director, according to a Form 8-K the company filed with the U.S. Securities and Exchange Commission.

For investors in Asia, the speed matters. Nvidia's orders drive revenue at foundries in Taiwan, memory makers in Korea and data center operators across Southeast Asia, and the story runs through a Singapore company. Huang has not been charged with any wrongdoing. Alice Huang, a Chinese citizen, is not related to him and has not commented publicly. The allegations below are those reported by the outlets named.

Jensen Huang and Megaspeed: the build-up

October 2025

Megaspeed came under investigation by both U.S. and Singaporean authorities over suspicions that it helped Chinese companies get around U.S. chip export rules, TechCrunch reported. Nvidia said at the time that it had no reason to believe its products had been diverted.

Late 2025 to spring 2026

President Donald Trump was briefed on intelligence findings that Alice Huang had formed a close relationship with Jensen Huang and did not act on them, according to the Times as cited by TechCrunch. In the spring, a secret memo warning that she was a spy for China's Ministry of State Security circulated among policymakers, TechCrunch said, citing the Times.

Oct. 29

The Times story went public. Nvidia spokesman John Rizzo said the CEO's meetings with her were "not unusual or unexpected," according to TechCrunch. Megaspeed had bought more than $4.8 billion of Nvidia chips over two years, the Associated Press reported.

Nvidia's board investigation and the House letter

Nov. 4

Three Republican House chairs, John Moolenaar of the Select Committee on China, Brian Mast of Foreign Affairs and Rick Crawford of Intelligence, asked Huang to attend a closed-door briefing on Nvidia's protections against foreign espionage and his contacts with what they called a publicly reported intelligence asset of China, CBS News reported. They gave him until Nov. 11 to reply. Capital Times covered the request at the time.

Nov. 8

Nvidia's board said a committee of independent directors, assisted by outside counsel, would investigate reports that Huang had been "the target of a foreign intelligence effort." It said it had no reason to believe national security or company secrets were compromised and that it had confidence in Huang. The same day, Huang told employees he had been unfaithful to his wife and would cooperate fully. Trump said Huang was "an honorable guy," the AP reported.

Nov. 9

Nvidia shares fell more than 5%, TechCrunch reported. Huang withdrew from the ElevenLabs Summit and an Anthropic CEO forum. Bloomberg reported that Nvidia general counsel Tim Teter had contacted a Commerce Department official during a 2025 probe of Megaspeed, according to TechCrunch.

Nov. 10

The independent directors said they had hired Joon H. Kim, a former acting U.S. attorney for the Southern District of New York, and his firm Wachtell, Lipton, Rosen & Katz to run the review. Capital Times reported on the investigation as it opened.

The resignation and what comes next

Nov. 11

Two things broke on Wednesday. Citing five people who worked at Nvidia, the Times reported that Huang also had a relationship with Kimberly Powell, Nvidia's vice president of healthcare, who reports directly to him, TechCrunch said. Nvidia, Huang and Powell had not confirmed that report. Moolenaar said on Fox Business that Huang would likely face a subpoena if he did not agree to the briefing.

Nvidia stock rose 2.9% in Wednesday's regular session, then fell 8.6% after hours on reports that the board was meeting late that day to discuss Huang, the AP reported. The board accepted his resignation that day, the 8-K shows. It also named Harvey C. Jones, 73, a director since 1993, as chair.

Nov. 12

Nvidia announced the change. Chief Financial Officer Colette Kress, 59, became interim CEO and will keep the CFO job while the board searches internally and externally for a permanent successor, the company said. "The Board has full confidence in Colette and the leadership team," Jones said in the release. Nvidia gave no reason for the departure.

In Asia, Taiwan's Taiex fell 2.6% and Hong Kong's Hang Seng lost 1.3% as leadership worries hit AI shares, the AP reported. In Washington, Mast and Moolenaar said they had received Huang's reply, and Mast said Huang had indicated he was willing to appear, according to CBS News. Moolenaar said the resignation "does change the dynamic." Trump praised Huang's "fantastic job" and posted that Apple's Tim Cook should be the next Nvidia CEO, CBS reported. Later that day, Reuters reported that Huang had an affair with another, unnamed Nvidia employee, TechCrunch said.

Nov. 17 and beyond

The next fixed date is Tuesday, Nov. 17, when Nvidia reports third-quarter fiscal 2027 results at about 1:20 p.m. Pacific time, with a call at 2 p.m., its release said. Kress will face analysts as interim chief executive and finance chief. TechCrunch reported that Huang had agreed to testify behind closed doors before Thanksgiving on Nov. 26, but the chairs said no briefing date had been set, CBS News reported. The board has not said when the Kim investigation will finish or whether its findings will be published, and it has given no timetable for naming a permanent CEO.