One Turn
Nvidia board weighs future of CEO Jensen Huang after reports of affairs
Nvidia's board met Wednesday to decide whether to remove CEO Jensen Huang. Reports say he had two extramarital affairs, one with Alice Huang, an executive at a Singapore-based data center firm. US intelligence reportedly believes she was recruited by Beijing. Nvidia shares fell about 6%, and the company is working with an outside firm to identify possible successors. Huang has admitted an affair but has not given details. The board had not announced a decision in the input.
Why it matters
Nvidia supplies most advanced AI chips, so its leadership and any new US export limits affect tech firms and investors worldwide.
Background
Nvidia is the world's largest maker of AI chips, and Huang co-founded it. He has opposed strict US limits on chip sales to China. Washington and Beijing are in a technology rivalry.
The story so far
- Nvidia CEO's contact reported as Chinese asset
- Nvidia opens investigation into CEO Jensen Huang
- Nvidia investigates CEO Jensen Huang over affair with suspected Chinese spy
- Nvidia chief faces FBI probe and lawsuit over alleged spy ties
- Nvidia board weighs ousting CEO Jensen Huang; shares plunge
- Nvidia board weighs future of CEO Jensen Huang after reports of affairs
Sources
- CNBC ↗Nov 12, 4:35 AM ET
- The Guardian ↗Nov 12, 4:11 AM ET
- France 24 ↗Nov 12, 2:54 AM ET
This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.