Nvidia's Jensen Huang resigns as CEO amid reports of affairs with alleged Chinese spy and two employees

Jensen Huang, co-founder of Nvidia, has stepped down as CEO and board member following reports of alleged extramarital affairs and ties to a suspected Chinese spy, according to The New York Times. Huang has been asked to appear before the US Congress to discuss the alleged relationship with a woman believed to be a Chinese spy, a claim China has dismissed.

Nvidia maintains it has no evidence suggesting national security or sensitive company information were jeopardized, but is conducting its own investigation into the affair. The FBI is also probing the matter. Colette Kress, who currently serves as Vice President and Chief Financial Officer, will act as interim CEO until a permanent replacement is found.

Kress has worked at Nvidia for 25 years, previously spending nearly three decades in senior financial roles at firms like Cisco and Microsoft. Nvidia has named Harvey C. Jones, a technology entrepreneur, as the new Chair of the Board, replacing Huang. Jones previously led Synopsys as CEO and executive chairman. Kress praised Nvidia's leadership team, stating they possess the expertise needed to continue Nvidia's trajectory.

She expressed confidence in the team's ability to maintain operations and product development without disruption. The company emphasized its commitment to serving customers, partners, developers, and shareholders as it continues advancing in the fields of accelerated computing and AI.