Nvidia approached Arm CEO Haas to succeed Huang, FT reports

Nvidia’s board has reportedly approached Arm Holdings CEO Rene Haas in their search for a potential successor to founder Jensen Huang, according to a Friday report in the Financial Times. Huang resigned on Thursday following allegations of extramarital affairs, including one involving a suspected Chinese spy, which have cast a shadow over the chipmaker and disrupted the AI industry he played a key role in developing.

Haas’ name has been circulating among analysts since Huang’s departure. He spent seven years at Nvidia, serving as vice president and general manager of its computing products business before joining Arm in 2013. There is no assurance that Haas will be offered or accept the position. Nvidia’s finance chief Colette Kress is the interim CEO, while Arm has not commented on the matter.

Nvidia has not provided a response to Reuters’ request for comment, and Reuters was unable to independently verify the report. Haas has been Arm’s CEO since 2022, overseeing the company’s listing on Nasdaq in the same year. Arm designs processor architectures and licenses them to other companies for chip development, primarily in mobile phones but with a growing focus on computers.

Arm’s shares on the US market have slightly recovered after the report, down more than 5%, while Nvidia’s shares have dropped over 3%.