Breaking
CNThe godfather of AI makes a quick statement! The full text of Huida's board of directors' statement is exposed, commenting on Huang RenxunCNWall Street Crash! Jen-Hsun Huang’s departure comes at a heavy cost, Huida’s target price slashed by nearly 60%FRNations League: Kane propels England into quarter-finalsAUDespite a 1960 doomsday prediction, the world won't end todayCNLegend replaces legend! Trump publicly named Cook to replace Jensen HuangFRItaly-France: goals and misses, whistles, an F1 world champion in the stands… Strong imagesBRMan is sentenced to 53 years in prison for stabbing his ex-partner to death in front of his daughter in BotucatuUSWeek 10 NFL score predictions, best picks today: Expert reveals exact scores for every NFL gameCNGlobal Shock Bomb: Huang Renxun Resigns and Steps DownAR"Ansar Allah" announces the targeting of the "East-West" pipeline, Yanbu Oil Port, and Aramco company in RiyadhCNThe godfather of AI makes a quick statement! The full text of Huida's board of directors' statement is exposed, commenting on Huang RenxunCNWall Street Crash! Jen-Hsun Huang’s departure comes at a heavy cost, Huida’s target price slashed by nearly 60%FRNations League: Kane propels England into quarter-finalsAUDespite a 1960 doomsday prediction, the world won't end todayCNLegend replaces legend! Trump publicly named Cook to replace Jensen HuangFRItaly-France: goals and misses, whistles, an F1 world champion in the stands… Strong imagesBRMan is sentenced to 53 years in prison for stabbing his ex-partner to death in front of his daughter in BotucatuUSWeek 10 NFL score predictions, best picks today: Expert reveals exact scores for every NFL gameCNGlobal Shock Bomb: Huang Renxun Resigns and Steps DownAR"Ansar Allah" announces the targeting of the "East-West" pipeline, Yanbu Oil Port, and Aramco company in Riyadh
BackFrom $40,000 to AI overlord! US media breaks down Huang Jen-Hsun’s legend of over 30 years of hard work
From $40,000 to AI overlord! US media breaks down Huang Jen-Hsun’s legend of over 30 years of hard work
BREAKING
自由时报11 minutes agoBusiness3 min readChinaView original

From $40,000 to AI overlord! US media breaks down Huang Jen-Hsun’s legend of over 30 years of hard work

Huida founder Huang Renxun resigned as CEO, and was temporarily replaced by Chief Financial Officer Claire, starting the successor selection process.

Quick Look

  • Huida founder Huang Renxun resigned as chief executive officer, ending 33 years at the helm.
  • He was temporarily replaced by chief financial officer Kelis and started the selection of a successor.
  • Huang Jen-Hsun was born in Taipei in 1963.

AI-generated summary

Why It Matters

Jen-Hsun Huang was born in Taipei in 1963. He lived in Thailand as a child and went to the United States at the age of 10. He worked for AMD and LSI Logic. In 1993, he and two friends discussed starting a business at Dennis Restaurant and established Huida with US$40,000. He has been at the helm of Huida for 33 years, leading the company from a video game graphics chip to a global AI chip leader. GPU has become an important computing basis for AI models such as ChatGPT and Claude.

Font size

First published 11-12 23:54<br>Updated 11-13 05:48

Huang Renxun resigned as CEO of Huida. (AFP)

[Financial Channel/Comprehensive Report] Huida founder Huang Renxun suddenly resigned as CEO, shocking the global technology industry. The Wall Street Journal published a special article on the 12th, reviewing the 33-year hard work of this AI godfather. From establishing the company with his friends with $40,000 to leading Huida to become the global AI chip overlord, Huang Renxun not only built a technology empire, but also made the graphics chip originally used for video games become the core technology to promote the artificial intelligence revolution.

The Wall Street Journal pointed out that 63-year-old Huang Renxun resigned as CEO after 33 years at the helm of Huida. The company announced that Chief Financial Officer Colette Kress would serve as interim CEO and launched a formal successor selection process. Huang Renxun has served as CEO since he founded Huida in 1993. He is the first and only CEO since the company was founded.

The report recalled that in 1993, Huang Renxun and two friends discussed starting a business at the American restaurant chain Denny's, and established Huida with US$40,000 in capital. At that time, the company mainly developed graphics chips for personal computers and video games. Later, it gradually established a large ecosystem of software developers and developed high-performance GPUs, laying the foundation for the future artificial intelligence revolution.

With the rise of generative AI, Huida GPU has become an important computing basis for artificial intelligence models such as OpenAI's ChatGPT and Anthropic's Claude. Although other technology giants have invested in self-developed AI chips, Huida still relies on its technological advantages to maintain its lead. Product demand has long exceeded supply, driving the company to become one of the companies with the highest market value in the world.

Huang Renxun also rose with Huida and became one of the world's richest people. The Wall Street Journal pointed out that he holds about 3.6% of Huida shares. According to statistics from Equilar, a senior executive compensation research organization, since 2007, Huang Renxun has received a total of approximately US$2.4 billion in compensation, including salary, bonuses, stock and option income.

Huang Jen-Hsun was born in Taipei in 1963. He lived in Thailand as a child and went to the United States when he was 10 years old. When he was young, he worked at Dennis's Restaurant and later attended Oregon State University, where he met his wife, Lori Huang. Before founding Huida, he worked at AMD and LSI Logic to accumulate experience in the semiconductor industry.

The report also mentioned that Huang Renxun is not only good at technology research and development, but also good at establishing industrial cooperation relationships. In 2016, he provided Musk with the supercomputer used in the early stages of OpenAI, and has long maintained close contacts with technology industry leaders such as TSMC founder Zhang Zhongmou.

As AI chips have become the focus of technological competition between the United States and China, Huang Renxun has gradually entered the political stage. He has publicly warned that U.S. chip export controls may harm the local semiconductor industry, and actively established relations with the White House during Trump's second term. However, he was criticized by some national security hawks for this.

The Wall Street Journal pointed out that Huang Renxun is known for his workaholic and strong sense of competition. He often reminds employees that the company is always only 30 days away from bankruptcy. In an interview with Bloomberg in October this year, he said that business leaders should not take their positions for granted and must continue to prove their value.

Today, Huang Renxun steps down as CEO of Huida, ending his 33 years at the helm. However, the GPU computing revolution he single-handedly promoted has profoundly changed the global technology industry and made Huida one of the most influential companies in the AI ​​era.

Grasp the economic pulse with one hand. Click here to subscribe to Free Finance Youtube Channel

What to Watch

AI outlook — possibilities, not facts

  • Huida will announce a new CEO within weeks to months

    Very likely · Within weeks

  • Coles will serve as interim CEO until a new CEO is appointed.

    Very likely · Within weeks

Open Questions

  • What is the specific reason for Huang Renxun's resignation?
  • What is the timetable for the successor selection process?
  • Will Jen-Hsun Huang retain his chairmanship or other positions after resigning?
  • What is the expected length of time that Corless will serve as interim CEO?

Related Topics

This article was originally published by 自由时报.

Related Stories

The godfather of AI makes a quick statement! The full text of Huida's board of directors' statement is exposed, commenting on Huang Renxun
BREAKING·

The godfather of AI makes a quick statement! The full text of Huida's board of directors' statement is exposed, commenting on Huang Renxun

Huida CEO Huang Renxun resigned from his positions as president, CEO and director due to extramarital affairs and national security suspicions, effective immediately; CFO Kelisi acted as interim CEO, and Jones was appointed as the first chairman of the board of directors. The company will announce the third quarter financial results of the 2027 fiscal year on November 17.

自由时报
3 min read
The post-Huang Jen-Hsun era! Legal persons name beneficiary stocks and victim stocks
Developing·

The post-Huang Jen-Hsun era! Legal persons name beneficiary stocks and victim stocks

Huida CEO Huang Jen-Hsun reportedly resigned due to an extramarital affair scandal. Taishin Investment Consulting analyzed that short-term operations are stable and there are no major changes in the supply chain, but it may affect competitiveness in the long term. Pure AMD and ASIC supply chains are expected to benefit, with Creativity, Worldchip-KY and MediaTek being the pure beneficiaries.

自由时报
2 min read
Wall Street Crash! Jen-Hsun Huang’s departure comes at a heavy cost, Huida’s target price slashed by nearly 60%
BREAKING·

Wall Street Crash! Jen-Hsun Huang’s departure comes at a heavy cost, Huida’s target price slashed by nearly 60%

Huida founder Huang Renxun resigned as chief executive due to extramarital affairs and national security suspicions, and was temporarily replaced by chief financial officer Kelis. Huida's stock price has fallen by nearly 25% in the past month. Many Wall Street analysts such as Melius, Evercore, and Bernstein have lowered their ratings and target prices. The market is worried about the uncertainty of succession and leadership risks.

自由时报
3 min read
It's like Apple without Steve Jobs! Jen-Hsun Huang stepped down at the speed of light, analysts blocked Huida’s target price
BREAKING·

It's like Apple without Steve Jobs! Jen-Hsun Huang stepped down at the speed of light, analysts blocked Huida’s target price

Huida founder and CEO Jen-Hsun Huang resigned as CEO and director five days after admitting to his extramarital affair, causing Huida's stock price to plummet nearly 10% and its market value to fall below US$4 trillion. U.S. intelligence agencies determined that the person he was having an affair with was a Chinese spy, and Huida launched an independent investigation. Bernstein cut his price target in half to $200, and analysts warned that his departure could cause the stock price to fall by 20%.

自由时报
2 min read
Global Shock Bomb: Huang Renxun Resigns and Steps Down
BREAKING·

Global Shock Bomb: Huang Renxun Resigns and Steps Down

Huida CEO Jen-Hsun Huang resigned from his positions as president, CEO and board member of the company with immediate effect on November 12 due to his involvement in two extramarital affairs, one of which was a woman suspected by US intelligence agencies of being related to Chinese espionage. Executive Vice President and Chief Financial Officer Grace Clare took over as acting CEO, and Jones became the first chairman of the board of directors.

自由时报
3 min read
More on this topicJen-Hsun Huang