“A committee of independent directors, assisted by outside independent counsel, will oversee the investigation,” the company said in a statement.

The company added that the board considers US national and economic security paramount to Nvidia and its shareholders.

“While the Board has no reason to believe that either national security or NVIDIA secrets were compromised, the Board's inquiry will examine all available information,” the statement said.

Meanwhile, in a separate statement, Huang acknowledged that he had been “unfaithful” and had hurt his wife and children. However, he did not disclose the identity of the woman with whom he had an affair.

“I take full responsibility for what I did and the hurt I caused, and I accept the criticism that comes with it,” Huang, 63, said, according to CNN.

He also expressed support for Nvidia’s investigation, stating, “I am committed to protecting NVIDIA and supporting America’s national security.”

The development was first reported by The New York Times.

According to the newspaper, a memo circulated among senior policymakers in the Trump administration last spring cited intelligence suggesting that a Chinese businesswoman who had a close relationship with Huang was a spy for China’s Ministry of State Security.

The businesswoman, Alice Huang, was allegedly recruited to gather intelligence on the Nvidia chief as part of an effort by Beijing’s top intelligence agency to gain insights into American AI chips and potentially influence the company to make its most advanced chips available to China, people briefed on the intelligence told the newspaper.

Jensen Huang is one of the most prominent figures in the global technology industry, particularly amid the rapid expansion of artificial intelligence.

Earlier this year, he joined US President Donald Trump and several other prominent business leaders in Beijing for a meeting with Chinese President Xi Jinping.