Americas

Nvidia CEO Jensen Huang Steps Down Amid Scandal

Published
Updated

By TaiwanPlus

Open in App

Nvidia CEO Jensen Huang has resigned after more than three decades leading the AI chip giant he co-founded, following reports of extramarital affairs, including one with a woman accused of spying for China. US lawmakers are clamoring for answers about the scandal's implications for American national security, and Huang has agreed to testify before Congress. Financial markets have also been shaken. Nvidia has lost more than US$1 trillion in market value since October and other top AI stocks have also been affected. Nvidia has named CFO Colette Kress as interim CEO.

Nvidia CEO Jensen Huang Resigns

REPORTER:  
Nvidia CEO Jensen Huang has resigned, leaving many to wonder what this means for both US national security and the future of AI.

Huang was Nvidia’s co-founder and led the tech giant for three decades. Reuters now reports Huang had a third extra-marital affair, but the most damaging was an affair with an alleged Chinese spy. Huang has agreed to testify before the US Congress on national security concerns. Stock markets meanwhile remain jittery. Nvidia has lost more than 1 trillion US dollars in market value this month alone. The company’s Chief Financial Officer Colette Kress will serve as interim CEO.

---

Jensen Huang Resigns

REPORTER:  
Nvidia co-founder Jensen Huang stepped down Thursday as CEO of the tech giant he has led for more than three decades.

Nvidia’s board has named Chief Financial Officer Colette Kress interim CEO while it searches for a permanent successor. Huang’s exit follows reports that he admitted to an affair with a woman US intelligence officials suspect is a Chinese spy. He has agreed to testify before the US Congress about that relationship and its national security and export controls implications. Reuters also reports he had affairs with as many as two Nvidia employees.