Nvidia CEO Jensen Huang Resigns Amid National Security Concerns
Nvidia's board of directors has announced that CEO Jensen Huang has resigned, effective immediately, following an investigation into his personal life. The move comes after Huang admitted to having an affair with a woman who is alleged to be a Chinese spy, raising national security concerns.
Huang, who co-founded the chipmaker Nvidia, has been at the helm of the company since its inception. However, his leadership has been called into question after reports emerged of his alleged affair with the Chinese spy, identified as Alice Huang. The FBI is also investigating the matter.
In a separate development, Huang has also been accused of having a second affair with a company employee, Kimberly Powell, who is the president of healthcare at Nvidia. The New York Times reported that Powell was seen being affectionate with Huang at a hotel during a company conference in March.
The board's decision to oust Huang comes after a tumultuous week, during which the executive's position became increasingly tenuous. Despite initial confidence in Huang's leadership, the board ultimately decided to take action, citing concerns over national security.
Nvidia's shares have plummeted in response to the news, with the company's stock price falling 10% in pre-market trading. The company has appointed Colette Kress, its finance chief, as interim CEO.
