A report says businesswoman Alice Huang, caught up in allegations of an extramarital affair with Nvidia CEO Jensen Huang and involvement of Chinese intelligence agencies, is currently staying in Beijing. Nvidia’s board has begun an independent investigation, and talk has surfaced of the possibility that Huang could be removed, widening the fallout.

On Nov. 12 local time, Bloomberg, citing unnamed sources, reported that Alice Huang, founder of Megaspeed International, is staying in Beijing while Chinese security authorities have tracked her whereabouts. Her timing and reason for returning, and her current activities, were not confirmed.

Alice Huang worked in the finance and broadcasting industries before founding AI infrastructure company Megaspeed in 2023. Megaspeed later grew rapidly after being selected as an official Nvidia cloud partner. Trade records show the company imported Nvidia products worth more than $4.6 billion. It was also reported to have provided AI semiconductor computing resources to Chinese companies at data centres in Southeast Asia.

The controversy began with reports that U.S. intelligence authorities suspect Alice Huang of being linked to Chinese intelligence agencies. The allegation has not been proven, and China’s foreign ministry rejected it as an unfounded claim.

Jensen Huang acknowledged an extramarital relationship in an email to employees on Nov. 8 and apologised to his family and employees. He did not disclose the other person’s identity. Nvidia’s board said there was no basis to conclude that national security or company secrets had been compromised, but it has launched an independent investigation through external legal experts.

The possibility of a management change was also raised. Reuters reported on Nov. 11 that Nvidia’s board was holding a meeting to discuss whether to dismiss Huang as CEO. It has not been confirmed whether a dismissal has been finally decided.

The U.S. Congress has also responded. Democratic Senators Elizabeth Warren (엘리자베스 워런) and Chris Coons (크리스 쿤스) asked the administration to preserve records related to Nvidia’s semiconductor exports to China.

Nvidia posted revenue of $96.2 billion in fiscal 2027 second quarter, up 106 percent from a year earlier. It is scheduled to announce third-quarter results on Nov. 17. As its AI semiconductor business grows rapidly, the allegations surrounding Huang have emerged as a new uncertainty over corporate governance and its China business.