New Delhi, Nov. 13 -- Jensen Huang, the former chief executive officer (CEO) of Nvidia, stepped down on Thursday (local time) amid reports of two extramarital affairs, one of which allegedly involved Alice Huang, a Chinese businesswoman suspected by US officials of having links to Chinese intelligence.

Huang, who co-founded Nvidia in 1993 and led the company for 33 years, is stepping down at a crucial time for the global artificial intelligence (AI) industry, as the US seeks to maintain its lead in the technology amid growing competition with China.

Huang stepped down from his position on Thursday after media reports pointed to his close ties with Alice Huang, a Chinese businesswoman who headed Megaspeed, a Singapore-based company that ...