NVIDIA’s Board of Directors has announced the initiation of an independent investigation following reports that CEO Jensen Huang had been targeted by a Chinese espionage operation. Jensen Huang sent an internal memo to the company acknowledging an extramarital affair with Alice Huang, a former executive at Singapore-based chip firm Megaspeed, and issued an apology. NVIDIA's board stated that there is currently "no reason to believe" national security or company secrets have been compromised. Jensen Huang has pledged full cooperation with the review, and the board retains confidence in him and his management team. The review will be conducted by independent board members working in conjunction with external legal counsel.