Huang Renxun is involved in the spy scandal. Who will succeed Huida CEO? he once said

Huida CEO Huang Renxun broke out in an extramarital affair with a woman suspected of being a Chinese spy. Huida announced the launch of an investigation. During the investigation, Huang Renxun will maintain his position as CEO. Although Huang Renxun's current position will not be affected, the outside world is still paying attention to the possible successor. Huang Renxun himself also mentioned the issue of the successor in a recent interview.

Reports in recent weeks have suggested that the U.S. government is investigating Huang's relationship with Huang Le, also known as Alice Huang, a former executive at Singapore data center company Megaspeed. The U.S. government considers Huang Le to be a Chinese spy. After foreign media revealed over the weekend that the two had an intimate relationship, Huang confirmed the extramarital affair on Sunday (8th).

Due to Huida's core position in the field of AI, this incident also marks another setback for the technology industry. AI stocks have come under intense pressure this fall amid concerns about the sustainability of spending, the funding to support it and poor performance at some big tech companies.

Yorkville Ives analyst Ives said the news is simply a "black eye moment" for Huang Jen-Hsun and is expected to trigger a congressional investigation. Ives added that based on the results of the board's investigation, Huang may be removed from his position as CEO, which would pose a risk to the company's stock price because he is critical to Huida's global development and strategy.

Bernstein analyst Rasgon noted that the situation highlights Huida's "key man risk" because if Huang is "unwilling or unable to lead," it's unclear who will or who can take over next.

In an exclusive interview with Bloomberg on October 14 this year, Huang Renxun talked about the rumors that his daughter might become the future successor. In this regard, Huang Renxun said that he did not expect her to take over the job. After all, it depends on whether she has such ambitions.

Huang Renxun pointed out that his children must work hard to obtain this position, and this comes with tremendous pressure and responsibility. For himself, this was what he chose to endure. When his family and those around him see the responsibility and dedication involved in this job, they need to ask themselves if this is really a sacrifice and responsibility they are willing to bear.

Jen-Hsun Huang admitted that he sincerely hopes that the future CEO is now within the company. But Huang Renxun also added that he hopes that in the next 20 years, he can still stay healthy and be able to establish himself based on his own abilities, so that he can fight for another 20 years. However, he still hopes that his successor is already in the company, but they must work hard to win this position.