Jensen Huang quits Nvidia, and Southeast Asia’s chip hubs inherit the fallout
For 33 years, Nvidia had one face, one voice and one leather jacket. On Thursday, it lost all three. Jensen Huang, who co-founded the chipmaker in 1993 and built it into one of the world’s most valuable companies, has resigned as president and CEO. According to a regulatory filing, Nvidia’s board accepted his resignation on […] The post Jensen Huang quits Nvidia, and Southeast Asia’s chip hubs…
Jensen Huang, the co-founder of Nvidia, has resigned as president and CEO after admitting to a romantic affair with Alice Huang, a Chinese businesswoman believed to be working for China's Ministry of State Security. The scandal has led to a significant drop in Nvidia's stock value, with shares falling more than 11 percent in premarket trading.
Alice Huang, who was a top executive at Megaspeed International, a Singapore-based cloud firm, was investigated for possible offenses, including buying Nvidia equipment that was exported without entering the local market. Singapore's Ministry of Home Affairs gave Alice Huang a stern warning and barred her from re-entering Singapore since February, but the spying allegation is not part of the current investigation.
The scandal has put Southeast Asia in the crosshairs of US authorities, who are seeking to address the region's chip smuggling problem. Nvidia's dominance in the industry is at risk, with rivals such as AMD, Broadcom, and Google looking to capitalize on the leadership vacuum. The region's chip supply chain will face increased compliance costs, with honest data-center operators and GPU cloud startups bearing the brunt of the burden.
Written by urgent.news from e27's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
