Jensen Huang has stepped down as CEO of Nvidia after 33 years leading the company, with CFO Colette Kress taking over as interim CEO while the board searches for a permanent replacement. "The Board has full confidence in Colette and the leadership team, and we expect the company's operations, customer commitments and product roadmap to continue without interruption," said board chair Harvey Jones in a release announcing the news. The abrupt departure follows revelations about Huang's affairs, including one with a woman U.S. intelligence reportedly believes was a Chinese spy. CNBC reports: Huang, 63, apologized on Sunday for being "unfaithful to my wife," though he provided no details about the affair with businesswoman Alice Huang, who has worked for a Chinese company and Nvidia customer called Megaspeed. Late Wednesday, The New York Times reported that the Nvidia CEO also had a separate affair, this one with Kimberly Powell, vice president of health care at the chipmaker. Later that afternoon The Times and other outlets reported that Nvidia's board met to discuss the company's future. Jensen Huang denied allegations that he had compromised national security or Nvidia secrets after reports of the Alice Huang affair. The news sparked concerns that Nvidia knew companies based in Singapore and Malaysia had been evading U.S. export controls in accessing its technology. The board said on Tuesday that it had hired Wachtell Lipton to investigate the intelligence allegations.

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