KATHMANDU: The board of directors of the US chip maker is discussing the removal of Jensen Huang, the co-founder and CEO of the American chip maker, according to US media.

The company has also started investigating after allegations of extramarital affairs and foreign espionage were made public.

According to the Wall Street Journal, the board of directors was scheduled to call an emergency meeting on Wednesday to discuss Huang’s future. The New York Times also claimed that he had an extramarital affair with the company’s vice president, Kimberly Powell. Earlier, a relationship with Alice Huang, a senior executive of a Singapore-based data center company, was made public.

In a message to Nvidia employees, Huang admitted to his relationship with Alice and said he had cheated on his wife. US intelligence agencies have also alleged that Ellis was associated with China’s Ministry of State Security.

Nvidia’s board of directors said it had launched an independent investigation into reports that Huang was the target of foreign spies. He said he would cooperate fully with the investigation. Meanwhile, the U.S. Congress has also asked Ellis for information behind closed doors about his relationship with Ellis, according to the New York Times.

Nvidia’s shares have fallen after the details of their personal relationships became public. Shareholders have also filed a collective lawsuit against the company and Huang for not providing necessary information about their relationship with investors. Nvidia is one of the most influential technology companies in the world that produces chips for artificial intelligence (AI) technology.