One Turn
Nvidia CEO Jensen Huang resigns; Congress summons him
Jensen Huang resigned as Nvidia's chief executive and left its board on Thursday. Reports said he had two extramarital affairs, one with Alice Huang, whom US officials suspect of working for Chinese intelligence. Chief financial officer Colette Kress is interim CEO. A US Senate committee has summoned Huang and Commerce Secretary Howard Lutnick to testify. China denies the spying accusation. Nvidia stock closed down over 4%, and the White House is reportedly discussing Lutnick's future.
Why it matters
Nvidia supplies the chips behind most AI systems, so its leadership and China export rules affect tech firms and investors worldwide.
Background
Nvidia is the world's leading maker of AI chips. Huang co-founded it and ran it for 33 years. The US limits sales of advanced chips to China.
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 CEO Jensen Huang resigns after reports of affairs; Congress seeks testimony
- Nvidia CEO Jensen Huang resigns; Congress summons him
Sources
- BBC News ↗Nov 12, 10:57 PM ET
- Euronews ↗Nov 12, 9:07 AM ET
- The Hindu ↗Nov 13, 2:23 AM ET
This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.