Nvidia CEO Jensen Huang has admitted to an extramarital affair with Alice Huang, a suspected Chinese intelligence asset who allegedly gathered intelligence on American AI chips. The FBI and Nvidia's board are investigating the matter, while President Trump has spoken out about it. In a memo to employees, Jensen Huang expressed regret for his infidelity and support for the investigation. US officials believe Alice Huang, also known as Huang Le, was recruited by China's Ministry of State Security (MSS) to learn about advanced American AI chips and potentially influence Nvidia's hardware sales in China. The MSS has been accused of enlisting her to gain access to sensitive information and potentially compromise national security. Megaspeed, the Singapore-based company Alice Huang works for, bought $4.8 billion worth of Nvidia hardware in under two years, which US investigators find unusual, given the scarcity of Nvidia chips during that period. The alleged affair between Jensen Huang and Alice Huang goes back to June 2024, when they were photographed together at a Taipei bar after a trade show. Washington's thinking on AI chip exports may have been the bigger prize, as Jensen Huang has significant influence over export rules due to his close relationship with the White House. The stakes are high for Nvidia, as China's market share has fallen significantly in recent years. Investors are already nervous about the potential fallout from this scandal, as shares of Nvidia have dropped by 11% since last Wednesday. Three House committees have requested a closed-door briefing with Jensen Huang regarding his interactions with Alice Huang, and top Democrats have called for a full briefing as well. Megaspeed has hired outside counsel for an internal investigation and will cooperate with the US government.