Steamy photographs have surfaced allegedly showing Jensen Huang with his rumored Chinese spy lover, adding another layer of controversy as Nvidia faces potential legal complications over its lack of a common form of corporate liability insurance.
The 63-year-old Nvidia CEO, known for his signature leather jackets, was reportedly photographed embracing Alice Huang, 49, an alleged operative for China’s Ministry of State Security, in Taipei, Taiwan, on June 2, 2024. The billionaire is married, and the reported images come as questions mount over the company’s potential legal exposure.
Nvidia CEO Jensen Huang is watched by Alice Huang, an alleged Chinese spy, following his COMPUTEX keynote speech in Taipei, Taiwan, on June 2, 2024.
Alice Huang appears to get cozy with Jensen Huang, placing a hand on the shoulder of his signature leather jacket as the pair share an intimate-looking moment.
In the photographs, Jensen appears to rest both hands on Alice’s hips while she wraps an arm around his shoulders, striking a pose that almost resembles the opening steps of a tango.
The images were reportedly taken shortly after the Nvidia CEO delivered his keynote address at COMPUTEX 2024 in Taipei.
“I want to speak to you in Chinese, but I have so much to tell you. I have to think too hard to speak Chinese. So I have to speak to you in English,” the Taipei-born billionaire joked during his speech.
Jensen Huang reportedly began socializing with Alice Huang, an alleged Chinese intelligence operative and former executive, at Singapore-based data center company Megaspeed International in December 2023.
Their alleged affair is believed to have begun in 2024, according to reports.
The Nvidia chief has also faced allegations of infidelity involving Lori Huang, his college sweetheart and wife, as well as Kimberly Powell, a Nvidia vice president, and another unnamed company employee.
The pair appear almost like lovers at a school dance, with Jensen placing one hand on Alice’s waist as she affectionately wraps an arm around his shoulders.
The controversy has reportedly wiped approximately $200 billion off Nvidia’s market value this week, while the company could face further legal exposure because it lacks a common form of corporate liability insurance.
The $3.92 trillion chipmaking giant does not carry certain types of directors and officers (D&O) liability coverage that typically help protect companies and their executives against legal costs and damages arising from lawsuits, according to the Financial Times.
D&O insurance can cover claims involving alleged misleading statements or disclosures, breaches of fiduciary duty, and certain violations of laws or regulations by corporate directors and executives.
The coverage is generally divided into three categories: Side A, Side B and Side C.
- Side A: Protects directors’ and officers’ personal assets and covers their legal defense costs when the company cannot indemnify them.
- Side B: Reimburses the company for legal fees and defense costs it pays on behalf of its executives and directors.
- Side C: Provides coverage for the company itself when it is named in a lawsuit alongside its directors or officers.
Nvidia only has Side A insurance, leaving the company exposed to lawsuits naming the company alongside Jensen Huang.
“For a public company, it’s normal to have Side A and Side B coverage — it’s almost regarded as compulsory. And in the US, most large public companies would have Side C as well, because the exposure is so serious. Everyone gets sued all the time,” Aaron Le Marquer of Stewarts law firm told the newspaper.
Nvidia is already facing a federal class-action lawsuit filed in California that accuses the company and Jensen Huang of violating federal securities laws by failing to disclose significant national security and regulatory risks.
Jensen Huang on Thursday resigned as CEO and board member from the company he co-founded in 1993.
