Nvidia CEO Jensen Huang Resigns with Immediate Effect Amid Reports of Affairs

Nvidia CEO Jensen Huang resigns, Digi Mart USA News: Nvidia announced on Thursday that Jensen Huang has resigned as president, chief executive officer and board member, effective immediately. The chipmaker, a leader in AI chips, said the decision followed a board meeting held online on the evening of November 11 Eastern Time.

Nvidia executive vice president and chief financial officer Colette Kress has agreed to serve as acting chief executive. Until a permanent successor is appointed, Kress will also hold her current roles as executive vice president and CFO.

The board also named Harvey C. Jones as Nvidia’s first board chair.

Jones has more than 30 years of experience in entrepreneurship, technology company management and venture capital, and previously served as chief executive and executive chairman of Synopsys.

In a statement, Jones said Kress had helped lead Nvidia through a remarkable period of growth and understands the company’s business, customers, operations and finances. The board expressed confidence that operations, customer commitments and product roadmaps will continue without disruption.

Nvidia credited Huang with significant contributions to the company, which it described as one of the most influential technology companies in the world. The board thanked him for his contributions to the company and the broader industry.

The departure follows reports of two extramarital relationships. The New York Times reported on November 11 that Huang had a relationship with Kimberly Powell, Nvidia’s vice president of healthcare business, and that the two were reportedly photographed in an intimate encounter at a hotel in San Jose, California in March, raising questions about governance and conflicts of interest.

A separate controversy involves Huang and Alice Huang. According to the Financial Times, Huang had a relationship with Alice Huang.

The New York Times, citing U.S. intelligence officials, reported suspicions that Alice Huang had ties to China’s Ministry of State Security, and she has been accused of being a Chinese spy.

Huang co-founded Nvidia and led the company for more than 30 years, playing a key role in making it a global leader in AI chips. Major leadership changes could affect the global AI supply chain and investor confidence in technology stocks.