The board of chipmaking giant Nvidia will meet to weigh the future of its embattled chief executive Jensen Huang, according to two people familiar with the matter, days after he admitted to an affair with an alleged Chinese spy.
The board’s move toward a potential ouster of Huang followed reports Wednesday that the CEO had a second extramarital affair, with an Nvidia executive that reported to him.
Huang, a close ally of President Donald Trump since his reelection last year, will have his fate weighed by Nvidia’s board at a meeting late Wednesday, according to an administration official and a second person also familiar with the matter, who spoke on the condition of anonymity to discuss private information.
The White House is not intervening in the board’s decision, the people said.
Nvidia stock fell by 8 percent in after hours trading Wednesday following reports of the board meeting and Huang’s second alleged affair.
The Wall Street Journal first reported the board’s plan to meet to decide Huang’s future. The New York Times first reported that the chief executive had an affair with an Nvidia executive who reported to him.
Nvidia makes highly prized computer chips used to develop artificial intelligence software and has become one of the world’s most valuable companies in recent years.
Nvidia’s board said on Sunday that it was investigating Huang’s conduct after he said in a note to the company that he had an extramarital affair with an executive at a Singapore-based company who has been accused of being a Chinese spy.
Huang has been Nvidia’s CEO since he co-founded the company in 1993 and became close with Trump after his reelection last year.
Trump has embraced the AI industry as an engine of the American economy. Nvidia has been one of the most important players in the AI boom, providing essential chips as well as financing for other firms to help them build out data centers.
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