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Nvidia board weighs ousting Huang over affair scandal
Nvidia's board is preparing to oust CEO Jensen Huang after reports of two extramarital affairs, including one with a suspected Chinese spy, the Wall Street Journal reported, citing people familiar with the matter. The board met late Wednesday to decide Huang's future, a source told Reuters, as the company faces a shareholder lawsuit alleging investors were misled and reports that advanced AI chips worth about 11 trillion won ($7.5 billion) were diverted to China via Huang's personal connections. Nvidia shed roughly $430 billion to $470 billion in market value over two sessions amid the fallout. Huang admitted to an affair with Alice Huang, a businesswoman suspected of working as a spy for Beijing, in a statement on Sunday, and reportedly had another relationship with a company executive. Korean outlets frame the crisis as a leadership test for the AI chip giant, with the Korea Times noting Huang's personal life now overshadows his role as the leading face of the AI revolution, while Business Korea highlights the alleged chip diversion as a national security concern.
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