Nvidia’s long-time chief executive, Jensen Huang, is reportedly set to testify before the US Congress following a corporate scandal that has severely impacted the semiconductor giant. According to reports, Huang's exit from the company follows board action amid revelations regarding personal affairs, including one involving a suspected Chinese spy.
In response to the leadership shakeup, Nvidia’s board of directors appointed Colette Kress, the company's executive vice president and chief financial officer, to serve as interim chief executive officer. Kress will maintain her current financial responsibilities while stepping into the interim leadership role.
The high-profile departures and subsequent investigations have exerted heavy pressure on the artificial intelligence chip maker, resulting in a dramatic drop in share value and triggering widespread market turbulence. Federal and corporate investigations continue to unfold around the security implications of the scandal.
