In a November 8 message to employees, Envidias chief executive Jenson Zuhon acknowledged and apologized for his disloyalty to his wife. On the same day, the board of directors of Envidias launched an independent investigation into reports that Envidias chief executive was targeted by foreign intelligence agencies. According to the company’s official statement, Envidias was founded in 1993 and has been chairman and chief executive since its inception.
The CEO said in a message, “I was unfaithful to my wife. My behavior hurt my wife and children.” and “I am the one responsible for my choices.” and asked to respect my privacy. He apologized to his family for not being able to repay what he had done, but he also wrote that he wanted the family to recover and regain trust.
The board announced that a committee composed of independent directors would oversee the investigation along with external independent legal advice. The board stated that “there is no reason to believe that National Security or Envidia’s secrecy has been violated,” but said it would investigate all available information.
Therefore, the confirmed apology and investigation, and the suspicion of Chinese intelligence agency connections should be read separately. The CEO’s dishonest acknowledgment was contained in the message he sent to employees. While the content that foreign intelligence agencies were targeted was a report-based suspicion, the board investigated it. The AP also that the company’s statement of the board’s announced investigation and the “foreign intelligence agency target” was based on the report.
NVIDIA announced that the CEO of NVIDIA will continue to cooperate with the investigation and continue to serve as CEO. The board expressed confidence in the CEO of NVIDIA and its management team and said it will announce further information at the appropriate time. NVIDIA’s official statement explains the fact that the CEO of NVIDIA unveiled the GPU in 1999 as a major event in the company’s history.