Scandal-hit Nvidia CEO Jensen Huang quits, plunging AI chipmaking giant into turmoil
Summary
Nvidia CEO Jensen Huang has resigned after reports of two alleged extramarital relationships, including one with a company executive. The allegations have prompted scrutiny from U.S. lawmakers over national security concerns, while Nvidia investigates whether foreign intelligence efforts targeted Huang.Key Facts
- Huang led Nvidia as chief executive from 1993 until his resignation.
- Huang said he had been unfaithful to his wife after reports of an alleged relationship with Alice Huang, who is not related to him.
- Alice Huang worked for Singapore-based Megaspeed and has been suspected of being a Chinese intelligence asset; China rejected the allegation.
- U.S. Attorney General Todd Blanche said the Justice Department had reached no conclusion about whether Alice Huang engaged in espionage for China.
- Democratic lawmakers demanded that Huang brief Congress about the allegations and said he could face a subpoena if he refuses a committee request.
- U.S. media reported a second alleged relationship, with Nvidia executive Kimberly Powell, who reportedly reported directly to Huang.
- Nvidia said it had no reason to believe national security or company secrets were compromised and said an independent inquiry would review available information.
- Nvidia shares lost $550 billion in market value over five days, according to the report.
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