Summary
The article reports that Jensen Huang resigned as Nvidia’s CEO amid reports of two extramarital affairs and an investigation into an alleged foreign-intelligence effort. Nvidia CFO Colette Kress will serve as interim CEO while the board searches for a permanent successor; Huang denies knowing that one woman allegedly worked for the Chinese government.Key Facts
- Nvidia’s board confirmed Huang’s departure and praised his contributions, but its statement did not mention the allegations.
- The board appointed Wachtell, Lipton, Rosen & Katz to investigate Huang’s relationship with Alice Huang, who is not related to him.
- The article says U.S. intelligence services suspect Alice Huang, a businesswoman who leads Singapore-based Megaspeed, of being a Chinese government asset.
- The New York Times reported a separate alleged affair with Nvidia employee Kimberly Powell, the company’s president of healthcare.
- Huang acknowledged having an affair with Alice Huang and said he would cooperate with an internal investigation, according to the article.
- The article reports that Nvidia shares fell about 7% in pre-market trading after news of the board’s discussions about Huang’s future.
- The article says Huang owns more than 870 million Nvidia shares, about 3.6% of the company.
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