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Nvidia has announced Jensen Huang has resigned as CEO after a board-led investigation into alleged foreign influence and personal misconduct. Colette Kress will serve as interim CEO as the company searches for a permanent successor. The affair with a Megaspeed executive, plus separate reports of a relationship with an Nvidia VP, have prompted scrutiny from U.S. officials and lawmakers.
Nvidia has opened an independent investigation after CEO Jensen Huang has acknowledged an extramarital relationship with a business executive U.S. intelligence has concluded was recruited by China. Huang has apologised to his family and employees; the board says it has found no reason so far to believe company secrets or national security were compromised.
Nvidia’s Jensen Huang has disclosed that his succession plan will come from inside the company as scrutiny over his leadership grows amid reports of extramarital relationships and potential board actions. The NYT and WSJ reports have intensified market jitters as investors watch for a possible leadership change.