Jensen Huang is out as Nvidia CEO and agrees to testify to Congress about an alleged Chinese spy

Jensen Huang, who co-founded Nvidia 33 years ago, stepped down as chief executive and board member on Thursday. TechCrunch described the move as an ouster. Nvidia announced a CEO transition, and CFO Colette Kress is serving as interim CEO. No permanent successor has been named. The change followed Huang's admission of an affair with Alice Huang, an executive at Singapore-based Megaspeed. US officials suspect she is a Chinese spy. Megaspeed reportedly bought $4.8 billion in Nvidia chips over two years, and the Justice Department has taken over the federal investigation into the company. The New York Times reported that Huang also had a relationship with Kimberly Powell, a vice president who reports to him. On Thursday, Reuters reported a third affair with another Nvidia employee, whom it did not name. Huang agreed to testify in a closed-door session before the House Foreign Affairs Committee, the Select Committee on China and the House Intelligence Committee by Thanksgiving. No date has been set. Separately, Rep. Richard Neal and Sen. Ron Wyden asked Commerce Secretary Howard Lutnick to preserve records about H200 sales to China. Their letter argues that the tariff arrangement attached to those sales amounted to an unconstitutional export tax. President Trump called the saga a "horrible thing."