From The San Francisco Standard · · 1m
Nvidia CEO Jensen Huang resigns
Nvidia CEO Jensen Huang resigns after intelligence reports of Chinese spy ties.
In brief
Nvidia CEO Jensen Huang resigns after intelligence reports of Chinese spy ties. Nvidia CEO Jensen Huang resigned following revelations of an affair with a woman suspected of spying for China, with CFO Colette Kress taking interim leadership. Originally reported by The San Francisco Standard.
Jensen Huang resigns
Nvidia CEO Jensen Huang resigned after intelligence reports of an affair with a woman suspected of spying for China.
“There is no excuse for what I did”
Board launches investigation
Nvidia's board started an independent investigation into Huang's conduct with outside counsel.
Huang apologizes
Huang emailed employees apologizing for his actions and taking full responsibility.
“There is no excuse for what I did”
Spies and stock drop
U.S. intelligence services reported Huang had an affair with a spy for China, causing Nvidia shares to drop.
Interim CEO named
CFO Colette Kress takes over as interim CEO while the board searches for a permanent successor.
Trump suggests Tim Cook
President Trump suggested former Apple CEO Tim Cook should lead Nvidia as interim CEO.
Stock market reaction
Nvidia shares dropped from $173.73 to $151.00 after Huang's resignation.
What it means
Nvidia CEO Jensen Huang resigned following revelations of an affair with a woman suspected of spying for China, with CFO Colette Kress taking interim leadership.
