It’s too early simplistic to stop at he slept with a spy
He was having a multiple years long affair with a Chinese intelligence asset who ran a Chinese chip manufacturing company. So that’s someone who the CCP felt they could exploit, and who has a ton of in-field knowledge and would deeply understand any info from him.
Just the divorce is going to cost him almost a 50-100 billion dollars (depending where the stock price settles on his 4% split to 2%). Throw in the job loss on a job he’s done for nearly 34 years. That’s a lot of leverage.
This situation was massively exploitable, multiple intelligence agencies knew, the White House knew and decided to leak it after midterms.
I’m going to guess there’s more to this, and probably some George Bluth style “light treason”. I’d bet money he’s been blackmailed by Trump admin, I’d bet money he’s has leaked material non public info (violating at minimum SEC rules), and that he probably approved deals that avoided sanctions, given the billions of chips sales that bypassed export laws.