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Nvidia CEO Jensen Huang is facing the most serious leadership crisis in the company's history, with the board reportedly preparing to oust him after revelations of two extramarital affairs, including one with a suspected Chinese spy, the Wall Street Journal reported. The board met late Wednesday to decide his future, a source told Reuters, and Nvidia has opened an independent probe into the matter. The scandal has already cost the company about $430 billion in market value over two sessions, and a shareholder has sued Nvidia and Huang, accusing them of deceiving investors. Megaspeed, the Singapore-based data center company at the center of the scandal, has pledged to cooperate with U.S. investigations. Huang admitted the affair with Alice Huang, a businesswoman suspected of working as a spy for the Chinese government, in a statement on Sunday, according to KBS World. His image has also tainted in Taiwan, his birthplace, where he was once adored like a rock star. Korean outlets report the board is preparing to oust him, though no final decision has been confirmed.