Huida Chief Financial Officer Interim Acting CEO US media: Huang Renxun once criticized that he only reported numbers

(Central News Agency, San Francisco, Comprehensive Foreign News Report on the 14th) U.S. media pointed out that when Huang Renxun, the former CEO of Huida, was still in office, he criticized the financial chief Chris Chris who now replaced him as interim CEO in a meeting. At the time, he reportedly said that Kress was a "cFO who only reported financial numbers" and could not help him formulate strategy or make decisions.

Citing people familiar with the matter, The Wall Street Journal reported that in August this year, Huang summoned senior financial executives to his office for a meeting, during which he mercilessly criticized Colette Kress, interrupting her report and saying she panicked like a "deer in the headlights."

Huang Renxun then pointed out the situation of NVIDIA: the large cloud service provider plans to use alternative chips to reduce its dependence on NVIDIA; to make matters worse, the large number of wafers and memories that NVIDIA has committed to purchase are coming to him like an "avalanche".

He convened a meeting with Chris and other financial executives to clarify an increasingly serious problem: Huida was negotiating to provide billions of dollars in financial guarantees to assist companies that could not afford their chips.

These include transactions led by Nico Caprez, Vice President of Huida and Huang’s son-in-law. Caprez provides financing to emerging cloud service providers and data center developers, hoping to make them long-term Huida customers.

However, people familiar with the matter revealed that Huang Jensen had previously launched a series of intensive transactions and now began to question whether these transactions had gone too far.

The Wall Street Journal reported that Caprez and another Huida vice president, Raj Mirpuri, told potential business partners this spring that Huida could arrange credit support within weeks.

Dozens of companies have lined up to participate in the project, hoping that Huida's support will reduce their financing costs. Huida proposed that cloud providers share part of their revenue with Huida in exchange for credit support.

As the plan was being launched, Kreis raised a series of questions, including how to decide which deals to pursue, how to value guarantees and how to calculate a return on investment, a person familiar with the matter said.