Nvidia CEO Huang Resigns Amid Alleged Affair With Suspected Spy
Jensen Huang resigned Thursday as Nvidia's president, CEO and board member. Investigations into his reported affairs with a suspected Chinese spy and an Nvidia executive preceded the move.
10% stock drop Thursday from the prior night's close.
CFO Colette Kress named interim CEO; Harvey Jones named first board chair.
FBI, Congress and Nvidia itself are investigating the Alice Huang relationship.
Nvidia also faces a shareholder class-action lawsuit.
Why it matters: Huang co-founded Nvidia in 1993 and lobbied the Trump administration to ease chip export limits to China. Alice Huang, no relation, was an executive at Megaspeed, a major Nvidia chip buyer.
US intelligence concluded she passed information to Beijing, per sources briefed on classified findings.
Kimberly Powell, Nvidia's VP of health care, reported to Huang, per The New York Times.
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Political Bias
Coverage by lean% of 108 sources
108 sources · 259 articles · 43% Center coverage
Where they split: Outlets differ on whether Huang left or was pushed: Nvidia's release says he resigned, while the New York Post says the board removed him; reported market-value losses range from $450 billion to over $600 billion.
Right coverage, 29 sources: The right frames it as a national-security and personal-conduct scandal centered on what it calls a Chinese honeypot and a second affair.