From TechRadar · · 2m
Jensen Huang resigns as Nvidia CEO over affairs
Nvidia founder Jensen Huang steps down immediately following accusations of an affair with a suspected Chinese spy and a second alleged affair with an Nvidia employee.
In brief
Nvidia founder Jensen Huang steps down immediately following accusations of an affair with a suspected Chinese spy and a second alleged affair with an Nvidia employee. Nvidia CEO Jensen Huang resigned immediately after admitting to affairs, including one with a suspected Chinese intelligence asset, triggering a five…
Huang admits to affair with suspected spy
Nvidia CEO Jensen Huang admitted forming a close relationship with Alice Huang, an executive at Megaspeed, a Singaporean customer of Nvidia. US intelligence accused her of being a Chinese intelligence asset.
“I was unfaithful to my wife. My actions hurt her and our children.”
Second affair with Nvidia employee emerges
After Huang's first admission, reports emerged of a second alleged affair, this time with someone working at Nvidia. Huang has been married to his wife Lori since nineteen eighty-five.
Huang resigns effective immediately
Nvidia's Board of Directors announced Huang's resignation is effective immediately. The board said Jensen's contributions to Nvidia are profound and thanked him for his immeasurable contributions to the company and industry.
“Jensen's contributions to Nvidia are profound.”
Colette Kress becomes interim CEO
Colette Kress, Nvidia's Chief Financial Officer, will serve as interim CEO while continuing as Executive Vice President and Chief Financial Officer until a permanent successor is named.
Board searches for permanent replacement
Nvidia's board has begun searching for a permanent CEO. The successor could be an internal appointment or an external candidate. Kress could be chosen as full-time replacement depending on how she handles the coming weeks.
Nvidia valuation plummets by five hundred thirty billion
After the disclosure of the affair with a suspected Chinese intelligence asset, Nvidia's valuation dropped by four hundred thirty billion dollars.
Gaming GPU concerns emerge
The Nvidia RTX five thousand eighty Super GPU is rumored to have been cancelled, presumably due to high memory costs.
Huang's departure shocks tech industry
Jensen Huang was arguably the most recognisable tech CEO outside of Apple's leaders. He made Nvidia the dominant player in consumer gaming graphics cards before pivoting to AI chip powerhouse, making it one of the…
The takeaway
Nvidia CEO Jensen Huang resigned immediately after admitting to affairs, including one with a suspected Chinese intelligence asset, triggering a five hundred thirty billion dollar valuation drop.
