The resignation and the two investigations
Jensen Huang, the only chief executive officer Nvidia has ever had, resigned a few hours after the publication of two nearly simultaneous articles on Wednesday. According to The Verge, the first concerned a relationship with a subordinate, Kimberly Powell, vice president of the healthcare area; the second anticipated a board of directors meeting convened to assess his removal. On Thursday morning the company announced the resignation.
The outlet observes that the personal matter appears, in the source's reading, more a pretext than the real cause of the exit. The technology industry has historically not treated this type of scandal as sufficient grounds for removing a top executive. The central point, according to The Verge, is another story that emerged the previous week, concerning Huang's alleged involvement with an alleged Chinese spy.
The Megaspeed issue and export controls
At the center of the checks is Megaspeed, identified as Nvidia's largest buyer in Southeast Asia. The source reports site visits that described inactive offices in Singapore, corporate addresses linked to other activities, and the absence of director Tan Yong Pong. Alice Huang, an executive at the same company and linked to the CEO's personal matter, reportedly appeared in Beijing; the Financial Times reports that she was banned from entering Singapore for providing inaccurate information to the police.
In the background remain U.S. restrictions on exports of advanced chips. Huang has stated that Nvidia no longer has market share in China, but short-selling research firm Culper Research has argued that more than 20% of revenue in the compute segment for fiscal 2026 would still be tied to China, including through intermediation in Southeast Asia. The Verge also links Nvidia to an intervention that reportedly blocked a Department of Commerce investigation into Megaspeed in 2025.
The other lines of inquiry and what remains to be established
The source cites two other threads: the Super Micro case, where three people are accused of acting as intermediaries for the purchase of Nvidia chips destined for Alibaba, and the company New Matrix, identified as an authorized buyer with ties to blacklisted companies or Chinese military contractors. Nvidia has repeatedly stated that it has no evidence of chip diversions. None of the allegations described has been established here, and Huang is not indicated as a defendant.
The political relevance is evident: with Democratic control of Congress from next January, Senate Banking Committee Chair Elizabeth Warren could launch hearings and subpoenas. The Verge speculates that the CEO's removal serves to reduce risk for the company. However, the actual reasons for the resignation, the content of the board meeting, and any connection between the personal matter and the chip investigations remain to be verified.
