Summary
- Nvidia CEO Jensen Huang has reportedly resigned with immediate effect following a board meeting amid allegations involving two extramarital affairs, including one with a woman accused of having links to Chinese intelligence.
- Nvidia shares plunged 10 per cent in US premarket trading following the announcement, adding to a decline that had reportedly wiped around $600 billion off its market value during the week.
- Huang, 63, co-founded Nvidia and owns approximately 3.6 per cent of the company’s shares.
Nvidia CEO Jensen Huang has reportedly resigned with immediate effect following a board meeting amid allegations involving two extramarital affairs, including one with a woman accused of having links to Chinese intelligence.
The company announced that Chief Financial Officer Colette Kress would take over as interim chief executive while retaining her existing responsibilities.
The reported leadership change comes at a turbulent time for the chipmaker. Nvidia shares plunged 10 per cent in US premarket trading following the announcement, adding to a decline that had reportedly wiped around $600 billion off its market value during the week.
Huang, 63, co-founded Nvidia and owns approximately 3.6 per cent of the company’s shares. He maintained close control over its operations, with dozens of executives reporting directly to him.
The allegations have also raised concerns in Washington over potential national security implications. US President Donald Trump had previously described Huang as an “honourable guy”, while congressional leaders called for investigations into possible security risks.
The reported resignation marks a significant development for Nvidia, one of the world’s leading technology companies, as it faces growing scrutiny over its leadership and the allegations surrounding its chief executive.
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