
Huida's board of directors announced on the 12th that Huang Renxun resigned with immediate effect, and executive vice president and chief financial officer Kelis served as acting CEO. Jones was appointed as the first chairman of the board of directors.
AI-generated summary
Jen-Hsun Huang founded Huida and served as CEO for 33 years, developing the company into one of the most influential technology companies in the world, leading the field of accelerated computing and artificial intelligence. Kelis joined Huida as executive vice president and chief financial officer in September 2013. She previously accumulated nearly 25 years of financial experience in companies such as Cisco and Microsoft. Jones has more than 30 years of experience in entrepreneurship, technology business management and venture capital, and served as CEO and executive chairman of Synopsys.
Huida CEO Huang Renxun has recently been involved in extramarital affairs and national security suspicions, which has attracted great attention from the outside world. Huida's board of directors announced on the 12th that Huang Renxun has resigned as president, CEO and director, effective immediately, and Chief Financial Officer Colette Kress will act as interim CEO. The board of directors has also initiated a formal successor selection process.
Huida's board of directors announced on the 12th that Jensen Huang has resigned as the company's president, chief executive officer and board member, effective immediately. Colette Kress, executive vice president and chief financial officer, was named acting CEO, and Harvey C. Jones was named the company's first chairman of the board of directors.
Huida's current executive vice president and chief financial officer, Colette Kress, has agreed to serve as acting CEO. Until a formal successor is named, Corless will continue to serve as acting CEO and continue to serve as executive vice president and chief financial officer. The board of directors is beginning the process of searching for a formal CEO and will consider internal and external candidates.
Since joining Huida in September 2013, Kelis has served as executive vice president and chief financial officer. During her tenure, she led the company's finance department and played an important role in Huida's growth and transformation. Before joining Huida, Kelisi held finance-related positions in top technology companies such as Cisco and Microsoft, accumulating nearly 25 years of experience.
The board of directors appointed Harvey C. Jones as the first chairman of the board of directors of Huida. Jones has more than 30 years of experience in entrepreneurship, technology business management and active participation in venture capital, including serving as CEO and executive chairman of Synopsys.
Jones, Chairman of Huida's Board of Directors, said: "Keress has helped lead Huida through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial conditions. She is supported by an experienced leadership team, which has been playing an important role in executing Huida's strategy and advancing our technology development roadmap. The board has full confidence in Keress and the leadership team, and we expect that the company's operations, commitment to customers, and product development roadmap will continue to advance without any disruption."
"Huida's strength has always been our people. I will work with the leadership team to build on the extraordinary foundation built by Jen-Hsun Huang over the past 33 years. We will continue to advance the work that makes Huida a leader in accelerated computing and artificial intelligence and seize future development opportunities. Our focus remains on serving customers, partners, developers and shareholders."
Huang Renxun's contribution to Huida is extremely profound. Huida is one of the most influential technology companies in the world. The board of directors and the company would like to thank Jen-Hsun Huang for his immeasurable contributions to Huida and the entire industry.
Huida will announce its financial results for the third quarter of fiscal year 2027 at approximately 1:20 pm Pacific time on Tuesday, November 17, according to the previously announced schedule, followed by an earnings conference call at 2 pm.
AI outlook — possibilities, not facts
Huida's board of directors will complete the formal CEO selection within a few weeks
Likely · Within weeks
Huida will announce its third quarter financial results for fiscal year 2027 at approximately 1:20 p.m. Pacific Time on November 17.
Very likely · Within days

Huida CEO Huang Renxun had an extramarital affair with Megaspeed executive Huang Le, and was suspected of being involved in Chinese espionage. Huida announced on the 12th that Huang Renxun had resigned as president, CEO and board member. The Ministry of Home Affairs of Singapore issued a statement saying that Huang Le was permanently banned from entering Singapore for deliberately providing false information and downplaying his role in Megaspeed during the police investigation. The investigation of Megaspeed and the other six persons involved is still ongoing.

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.

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.

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%.

Huida founder Jen-Hsun Huang resigned as CEO. U.S. President Trump publicly named former Apple CEO Cook to replace Jen-Hsun Huang on Truth Social on Thursday (12th), calling him the best candidate for "a legend to replace a legend."

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.