Jensen Huang is the CEO of Nvidia, a company he cofounded in 1993 and has led through the generative AI boom, including its rise to the world's most valuable company.

The executive on Sunday admitted to having an extramarital affair and apologized for being "unfaithful" to his wife. He said that, given the national security concerns surrounding the matter, he supported the Nvidia board in pursuing an investigation.

"I love our country and our company. I am committed to protecting NVIDIA and supporting America's national security," Huang said in a memo to Nvidia employees.

Alice Huang is a Chinese tech executive who developed a close relationship with Jensen Huang. The two are not related, despite having the same last name. She was an executive at Megaspeed International, a Singapore-based cloud computing company and Nvidia customer.

The New York Times reported last month that US intelligence officials believed Alice Huang was acting as a spy for the Chinese government.

It's unclear when Huang met Alice Huang, but the pair have been photographed together on several occasions. Last week, Huang told Bloomberg his dealings with Alice Huang had been business-related and "completely normal and not unusual."

When Huang told Nvidia staff he had engaged in an affair, he did not name Alice Huang.

The Times reported on Wednesday that Huang had another extramarital affair, this time with Kimberly Powell, Nvidia's vice president of healthcare.

The outlet, citing unnamed company sources, wrote that the pair were captured on video being affectionate toward each other at a San Jose hotel during an Nvidia conference in March.

According to Powell's public LinkedIn, she has been working at the company for more than 18 years.

The Wall Street Journal reported on Wednesday that Nvidia's board of directors was preparing to oust Huang from his role following the news of his affairs.

Nvidia's stock took a big hit on Wednesday, falling more than 8% in after-hours trading.

Lori Huang has been married to Huang for over 40 years. The pair met as lab partners in an electrical engineering class at Oregon State University.

Lori Huang is the president of Jen-Hsun and Lori Huang Foundation, a charitable organization founded by the couple in 2007. Huang has praised his wife for supporting his work with Nvidia.

"Lori's been with me for a long time, our whole life," Huang told CNA, a Singapore-based outlet, in May. "She's been part of Nvidia every step of the way."

The Huangs have two adult children, both of whom work at Nvidia.

Marco Rubio, the US secretary of state, has been caught up in the drama due to an alleged memo from earlier this year that warned about Huang's ties to a Chinese spy.

The New York Times, citing unnamed sources, reported Sunday that Rubio oversaw the drafting of a "highly classified memo" this Spring that warned about Huang's relationship with a Chinese spy. The Times said the memo was based on electronic surveillance of Alice Huang, who was under investigation regarding illegally sending Nvidia AI chips to China.

President Donald Trump has had a positive relationship with Huang and has stuck by the executive through the scandal.

Trump told reporters he called Huang on Monday to see how he was doing. He said the CEO told him he had "no idea" the person he was involved with was a Chinese spy.

"And I really believe him," Trump said.

The president also praised Huang and added he was "very confident that he'll be in good shape."

Madison Huang is Huang's daughter and an executive at Nvidia as senior director of product marketing for physical AI.

Huang's memo to employees about his affair referenced his family and his children directly.

"I was unfaithful to my wife. My actions hurt her and our children," he wrote, adding, "To my wife and family: I love you. I know an apology cannot undo what I have done. I hope our family will heal and that, over time, I can earn back your trust."

Bloomberg reported early Monday that Madison Huang had abruptly dropped out of an AI event happening in Seoul.

A former employee told Business Insider's Geoff Weiss that Madison Huang had been asserting authority across the company's divisions, potentially to set herself up for a greater leadership role.

Spencer Huang is Huang's son and also works as an executive at Nvidia as director of product management for robotics.

John Rizzo is Nvidia's head of public policy communications and a spokesperson for the company.

Rizzo told The Times last week that Huang's dealings with Alice Huang were business-related.

"Jensen's interactions with Ms. Huang are not unusual or unexpected. Meetings with customers are part of a C.E.O.'s job; Jensen talks with thousands of customer executives every year," Rizzo said, as reported in the outlet.

Tim Teter is an executive vice president and general counsel at Nvidia.

The Times reported Monday that the Commerce Department paused an investigation into Megaspeed, which was suspected of illegally sending Nvidia chips to China, and that it was transferred to the Justice Department. The outlet reported the pause came after Teter reached out to Commerce employees about the case, claiming Jeffrey Kessler, who was a top official in the department, said it was okay.

The Times reported the communication was unusual and that it "alarmed" the Commerce agents.

Kessler was a top official at the US Department of Commerce as the undersecretary of commerce for industry and security, appointed by Trump last year.

Kessler got entangled in the Nvidia scandal when the Times reported Teter, Nvidia's general counsel, name-dropped him in an email to Commerce Department agents who were investigating Megaspeed.

Nvidia's board hired the law firm Wachtell, Lipton, Rosen & Katz and partner Joon H. Kim to lead its investigation into whether Huang was targeted, the company said Tuesday.

Kim, who joined the firm last month, was the acting US attorney for the Southern District of New York in 2017 and 2018.

According to his firm, Kim's work focuses on "high-stakes litigation and enforcement, including internal investigations, white-collar criminal and regulatory defense, commercial litigation, arbitration, and crisis management."

In 2021, Kim was hired to investigate sexual harassment claims against New York Gov. Andrew Cuomo.