Here’s the full text of Jensen Huang’s memo to Nvidia

Nvidia's CEO sent employees a memo acknowledging an affair with a woman alleged to be working for the Chinese government, as the company's board launched an independent investigation into the relationship. The Verge published the memo in full.

The document is now the CEO's main public account of the matter. How he frames it, and what he leaves out, shapes how employees, investors and Washington will read the investigation that follows.

We read the memo as two documents stitched together. Most of it is a personal apology: to his wife and children, then to colleagues, the board, partners and shareholders. It's direct and takes responsibility without hedging. As a confession, it does what confessions are supposed to do.

The national security part is a single short paragraph. He refers to concerns raised in news reports, notes that the board started an independent investigation, says he supports it and will cooperate, and affirms his loyalty to the country and the company. He does not name the woman, does not describe the relationship's timeline, and does not address what she may have asked about or had access to. That's legally sensible. It also means the question that matters most to the public is the one the memo answers least.

I'd caution against reading the emotional weight of the apology as evidence either way on the espionage question. A sincere personal apology and an unresolved security question can both be true at once. The allegation that she was an agent of a foreign government remains an allegation until investigators say otherwise.

There's also a governance tell. He describes leading Nvidia as the privilege of his life and commits to earning back confidence. This is a CEO signaling he intends to stay, before the review has reported. Whether the board's process can be credible while the person under review is still at the top is the real test.

Where this leads: if the review ends with little disclosure, the memo becomes the final word by default, and that's not enough for a company this central to U.S. AI policy. We'll be looking for specifics, not more contrition.

Nvidia's board announced the investigation the same day the memo went out, following reports that Huang was targeted by a Chinese spy operation. Other reporting identifies the woman as Alice Huang, a former executive at Singapore-based chip firm Megaspeed; the memo itself does not name her.