Reports: Nvidia board considers removing Jensen Huang

The reports follow Huang’s Nov. 8 acknowledgment of an affair with Alice Huang, an executive at Megaspeed who is not related to him. The New York Times identified her as his partner; U.S. spy agencies have reportedly identified her as a Chinese intelligence asset. China has rejected those allegations as “groundless smears and slanders.”

The Times reported that Huang had a relationship with Powell, Nvidia’s vice president of healthcare. Multiple sources told the newspaper they saw the pair behaving affectionately as recently as this March. It is unclear whether the relationship is ongoing. Huang has been married since 1985, and Powell is reportedly married as well.

Nvidia had previously said Huang would remain CEO during the investigation into his relationship with Alice Huang. The company’s code of conduct does not explicitly ban affairs or workplace dating, but warns employees to avoid conflicts of interest, including those arising from “personal relationships.” It also says managers “serve as role models.”

The company’s shares had already fallen around 10 percent through Tuesday’s close after the affair with Alice Huang became public, following declines after the U.S. midterm elections. They lost more than 8 percent in Wednesday after-hours trading after reports of the second relationship and a possible removal. Nvidia has not been quoted in the reports as confirming the board’s plans.