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Nvidia CEO Jensen Huang has admitted to an extramarital affair with Alice Huang, a businesswoman suspected of working as a spy for the Chinese government, but has not denied the affair itself; instead, Nvidia's board of directors announced on Sunday that it is probing whether Huang was the target of a foreign intelligence effort, according to KBS World and the Korea Times. The New York Times reported on Oct. 29 that U.S. intelligence assessed a Chinese executive at a Singapore-based data center company who had close contact with Huang as a Chinese intelligence asset, Business Korea reports. China's foreign ministry said on Monday that the "so-called Chinese spy narrative" is unsubstantiated, the Korea Times reports. Korean industry officials are concerned the controversy could affect Nvidia's partnerships in Korea, with Business Korea noting a "Jensen Huang Risk" spreading uncertainty in the Korean chip sector, and the Korea Times reporting that Huang's past TV appearance with his wife has resurfaced amid the scandal.