Jensen Huang resigns from Nvidia as alleged spy affair wipes US$300B
Jensen Huang has stepped down as president and chief executive of Nvidia. In a regulatory filing, the chipmaker said its board accepted his resignation on Wednesday, days after Huang admitted to an affair with Alice Huang, a former executive at Singapore-registered Megaspeed International whom US officials suspect of spying for China. Chief financial officer Colette […] The post Jensen Huang…
Nvidia's CEO Jensen Huang resigned amid a scandal involving an alleged affair with a former executive from Megaspeed International, a firm suspected by US officials of spying for China. Huang has agreed to testify before Congress by Thanksgiving. The company's stock plummeted by over 11% following his resignation, erasing more than US$300 billion in market value since Friday.
Megaspeed International has hired a US law firm to count its GPUs and audit compliance with US export controls. Singapore police are also investigating the firm. The scandal has put Southeast Asia's GPU cloud operators and the export rules governing them under scrutiny.
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- Meet Lisa Su, Jensen Huang's cousin, who's CEO of Nvidia rival AMD businessinsider.com
- Jensen Huang forfeits $108 million in unvested Nvidia equity economictimes.indiatimes.com
