What OP is implying is that the Board likely implicitly condoned any effort Jensen would take to make sales to China including making underhanded deals that look like honeypot operations but may as well have been a double honeypot operation. The implication is that the outcome of said affair was actually good for Nvidia. You imply that the interests of Nvidia and the US government and by extension the US public are aligned. That’s a citation-needed level assumption. Nvidia just wants to make money. The government hopefully has different interests.
The penalties for ITAR/EAR violations are severe so I suspect it's as ludicrous and incorrect a theory as one might suspect.
What is interesting is the woman appears to be extremely mid-looking.
If there is a lesson to be learned from all these extremely powerful men cheating on their wives with objectively ordinary women (e.g. Gates, Bezos, Tiger Woods) it's that the most beautiful woman in the world is worth about the same as the woman that works at McDonald's.