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Nvidia's board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy, the Wall Street Journal reported on Wednesday, citing people familiar with the matter, the Korea Times reports. Business Korea reports that Huang, who has led the world's largest AI semiconductor company for 33 years, is facing the most serious leadership crisis in the company's history. The controversy has already cost Nvidia heavily: the Korea Times reports the chip giant is on track to shed more than $470 billion in market value over two sessions, with another report putting the loss at about $430 billion. KBS World reports that Huang admitted an affair with Alice Huang, a businesswoman suspected of working as a spy for the Chinese government, and that a New York Times report alleges he had a second extramarital relationship with a company executive. The board is probing whether Huang was the target of a foreign intelligence effort, and the scandal has given fresh momentum to Washington's push to tighten semiconductor export controls targeting China, Business Korea reports.