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BackCEO Huang resigns amid allegations of infidelity with Chinese woman - Nvidia
CEO Huang resigns amid allegations of infidelity with Chinese woman - Nvidia
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時事通信11 minutes agoBusiness2 min readJapanView original

CEO Huang resigns amid allegations of infidelity with Chinese woman - Nvidia

CFO Colette Kress appointed as interim CEO; FBI also begins investigation

NvidiaJensen HuangColette Cress

Quick Look

  • Jensen Huang, CEO of US semiconductor giant Nvidia, resigned on the 12th following allegations of infidelity with women suspected of being agents of the Chinese intelligence agency.
  • CFO Colette Kress will serve as interim CEO until a successor is selected.
  • The FBI is also investigating.

AI-generated summary

Why It Matters

Nvidia CEO Huang has resigned after admitting to having an affair with a woman suspected of being a Chinese intelligence agent. The FBI has begun an investigation.

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[Silicon Valley Current Affairs] The board of directors of U.S. semiconductor giant Nvidia announced on the 12th that CEO Huang has resigned on the same day. He was accused of having an affair with women suspected of being agents of the Chinese intelligence agency.

Colette Kress, the company's chief financial officer, will also serve as interim CEO. The board of directors has begun selecting a successor CEO, and will consider candidates from within and outside the company.

The Wall Street Journal and other newspapers reported on the 11th that the company's board of directors was preparing to dismiss Huang.

The woman suspected of being an agent is Chinese businesswoman Alice Huang. He previously served as an executive at Singapore-based data center company MegaSpeed. The New York Times reported last month that Aris had a close relationship with Huang and was believed to have been passing on information about Nvidia and the U.S. government to the Chinese government. Mr. Huang admitted to the affair on the 8th, and the company announced that it would launch an investigation. The US Federal Bureau of Investigation (FBI) is also investigating.

The NYT reported on the 11th that Mr. Huang also had an affair with a female executive in Nvidia's healthcare division. According to the US Bloomberg News Agency, Aris is currently staying in Beijing.

Nvidia's stock price plunged 14% from the previous day's closing price on the U.S. stock market on the 12th due to concerns about management turmoil due to the CEO's resignation.

What to Watch

AI outlook — possibilities, not facts

  • FBI investigation progress and publication of results

    Likely · Within months

Open Questions

  • Who will be the next CEO?
  • What facts will be revealed in the FBI investigation?

Related Topics

Nvidia
PeopleJensen HuangColette CressAlice Huang
Organizationsmega speedFederal Bureau of Investigationwall street journal
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TopicsJensen HuangColette CressSuspicion of infidelitychinasemiconductorF.B.I.
This article was originally published by 時事通信.

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