Jensen Huang resigns as Nvidia CEO amid affair admission, intelligence probe
Nvidia founder and CEO Jensen Huang has stepped down from his role after 33 years.
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| Photo from Nvidia |
Jensen Huang resigns
It marks a dramatic turn for the executive who helped transform the company into one of the world's most valuable firms.
The announcement comes amid mounting scrutiny surrounding Huang's personal and professional conduct.
Earlier this week, Huang admitted in a memo to employees that he had been "unfaithful" and apologized to his wife and children, saying he takes full responsibility for the pain he caused.
The controversy deepened after Nvidia revealed it would investigate reports that Huang may have been the target of a foreign intelligence operation. The probe is linked to his ties with Alice Huang, an executive at Singapore-based tech firm Megaspeed, a company that purchases Nvidia chips. She is not related to Huang.
US media reports have alleged that American officials suspect Alice Huang of helping transfer sensitive information and advanced AI chips to China, despite US export restrictions. China has strongly denied the accusations, calling them "groundless speculation."
Nvidia's board previously stated that it has no reason to believe national security interests or company secrets were compromised. A special committee of independent directors, assisted by outside counsel, has been tasked with overseeing the investigation.
The situation intensified further after reports emerged alleging Huang had also been involved in a relationship with a subordinate executive, fueling speculation about his future at the company.
Nvidia today confirmed Huang's resignation as CEO, ending a 33-year run leading the company he co-founded in 1993. Under his leadership, Nvidia grew into an AI powerhouse valued at over USD 4 trillion.
Nvidia said Colette Kress, the company's Executive Vice President and Chief Financial Officer, will serve as interim CEO while the board searches for a permanent successor.
Despite Huang's departure, Nvidia said its operations and strategic direction remain unchanged as it continues to lead the rapidly growing artificial intelligence industry.
In a statement, Kress pledged to build on the foundation Huang created over the last 33 years, saying Nvidia will continue executing its AI and accelerated computing strategy while maintaining its focus on customers, partners, developers, and shareholders.
The board also praised Huang's legacy, describing Nvidia as "one of the most consequential technology companies in the world" and thanking him for his "immeasurable contributions" to the company and the technology industry.
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