Jensen Huang’s image has been shattered. Could he be pushed out at Nvidia?
Huang built Nvidia as a family business but after the co-founder had an affair with an alleged Chinese spy, its board faces a difficult decision For more than 30 years, Jensen Huang has been the seemingly unshakable public face of Nvidia. He co-founded the company as a young engineer in 1993 and oversaw its growth into a multitrillion dollar chipmaker and bellwether of the AI industry at large.…
Jensen Huang, the seemingly unshakable public face of Nvidia, has seen his image shattered after it was revealed that he may have been targeted by a Chinese intelligence asset with whom he had a close relationship. Huang, who co-founded the company as a young engineer in 1993 and overseen its growth into a multitrillion dollar chipmaker, admitted to having an affair in a letter to employees. His wife, Lori Mills Huang, leads the family foundation which controls over 60m Nvidia shares.
Nvidia's board has launched an independent investigation into the national security concerns surrounding Huang's relationship. The board's investigation could lead to Huang's removal as CEO, according to analysts and investors. The family's role at Nvidia adds complexities for the board, who must navigate the situation independent of the family web. Nvidia shares fell 7.5% following the news, wiping over $330bn off the company’s value.
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