Jensen Huang exits Nvidia after 33 years; Kia India plans $2B investment in Andhra Pradesh
The transition comes at a critical juncture for Nvidia, whose chips have become the backbone of the global AI boom.
Jensen Huang, the co-founder of Nvidia, has stepped down as CEO after 33 years at the company. This sudden exit occurred following a turbulent week filled with controversy and board investigations. As Huang's resignation takes effect immediately, interim CEO Colette Kress will lead the AI chip giant while the board searches for a permanent replacement.
Kress, who joined Nvidia in 2013 after a 25-year career in finance at technology firms such as Cisco and Microsoft, is expected to help sustain Nvidia's momentum in the AI boom as competition intensifies.
Meanwhile, Kia India has announced a $2 billion investment, along with its supplier partners, to establish a second manufacturing facility in Andhra Pradesh. This project will contribute to building India's manufacturing base, create jobs, and support the broader auto industry. The facility, located in Anantapur, where Kia's current plant is situated, will cover 465 acres and employ around 12,000 individuals during production, which is expected to commence in early 2030.
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Also reported by 1 other outlet
- Jensen Huang's leather jackets used to be cool. Now they're a punchline. businessinsider.com
