JENSEN HUANG STEPS DOWN AS NVIDIA CEO FOLLOWING SCANDAL INVOLVING SUSPECTED CHINESE ESPIONAGE
Jensen Huang, Nvidia’s co-founder and CEO for 33 years, resigned from his position following revelations of two extramarital relationships, according to The Wall Street Journal.
One of the relationships involved Alice Huang, an executive at Megaspeed, a Singapore-based company and Nvidia customer suspected by U.S. authorities of having ties to Chinese intelligence services. The second relationship reportedly involved Kimberly Powell, an executive in Nvidia’s own healthcare division.
Chief Financial Officer Colette Kress will take over as interim leader while the board searches for a permanent successor. Harvey C. Jones has been named chairman of the board.
📉 Nvidia shares fell nearly 8% in premarket trading, reflecting investor concerns about the departure of one of the most influential figures in the global artificial intelligence revolution.
The crisis also heightens geopolitical tensions between Washington and Beijing, particularly over restrictions on exports of advanced semiconductors. (The Wall Street Journal)
Jensen Huang, Nvidia’s co-founder and CEO for 33 years, resigned from his position following revelations of two extramarital relationships, according to The Wall Street Journal.
One of the relationships involved Alice Huang, an executive at Megaspeed, a Singapore-based company and Nvidia customer suspected by U.S. authorities of having ties to Chinese intelligence services. The second relationship reportedly involved Kimberly Powell, an executive in Nvidia’s own healthcare division.
Chief Financial Officer Colette Kress will take over as interim leader while the board searches for a permanent successor. Harvey C. Jones has been named chairman of the board.
📉 Nvidia shares fell nearly 8% in premarket trading, reflecting investor concerns about the departure of one of the most influential figures in the global artificial intelligence revolution.
The crisis also heightens geopolitical tensions between Washington and Beijing, particularly over restrictions on exports of advanced semiconductors. (The Wall Street Journal)
