Tech giant Nvidia announced Sunday that its Board of Directors is initiating an independent investigation into its founder and CEO, Jensen Huang, following reports that he was the subject of a foreign intelligence-gathering effort.

The investigation comes in light of recent reporting by The New York Times, which alleged that Huang was targeted by a Chinese espionage plot. The company stated that a committee of independent directors, with the assistance of outside counsel, will oversee the review. Huang has expressed his full support for the review and his commitment to cooperating with it.

According to the company's statement, the Board has no reason to believe that either national security or Nvidia's proprietary secrets have been compromised. However, the inquiry aims to examine all available information. The Board emphasized its prioritization of U.S. national and economic security, deeming it paramount to the interests of both Nvidia and its shareholders.

Reporting from The New York Times suggested the alleged Chinese espionage plot centered around a top executive at Singapore-based data company Megaspeed, identified as Alice Huang. U.S. intelligence officials reportedly determined that this individual was funneling information to Beijing and had developed a close relationship with Jensen Huang. The Chinese government has denied these allegations, labeling them as baseless and slanderous.

Nvidia has previously responded to the reporting, with a spokesperson stating that Huang's interactions with Ms. Huang were not unusual and were part of his professional duties. However, in an internal message to employees shared with ABC News on Sunday, Jensen Huang acknowledged being unfaithful to his wife, stating, "My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry." The message did not name Alice Huang or any other specific individual.

In his message to staff, partners, and shareholders, Huang reiterated his commitment to Nvidia, stating, "I have fallen short of that responsibility. I am fully committed to NVIDIA and will work to earn back your confidence." He also expressed pride in being an American and his dedication to protecting the company and supporting U.S. national security.

The Board conveyed confidence in Huang and his leadership team, according to the statement. While the investigation is underway, the company aims to address concerns regarding potential national security implications and maintain shareholder trust.

Neither Alice Huang nor her employer, Megaspeed International, have responded to requests for comment from ABC News following the initial New York Times story.