Jensen Huang has resigned as CEO and stepped down from Nvidia’s board of directors, effective immediately, following an internal investigation into two extramarital affairs, one of which involved a woman determined by U.S. intelligence officials to be a suspected Chinese asset. The board announced his departure on Thursday (Nov.12), noting that the investigation also uncovered a second affair with Kimberly Powell, Nvidia’s vice president of healthcare, who reports directly to him.

The company previously stated that it prioritizes U.S. national and economic security and currently has no reason to believe that company secrets or national security were compromised. Huang issued an apology to the company and his family, stating there was no excuse for his infidelity. Meanwhile, the incoming Democratic-controlled Congress is preparing to investigate the situation and examine the extent of President Donald Trump’s knowledge regarding the alleged Chinese spying, while Huang’s departure marks the end of his tenure leading the $4 trillion chipmaker he founded in 1993. (Newswire/ MS Now)