Sources: President Trump's and Howard Lutnick's close relationship with Jensen Huang made officials wary of taking aggressive steps to rein in Nvidia chip sales (New York Times)

Nvidia has announced that Jensen Huang has resigned as president, chief executive officer, and board member, effective immediately. According to the New Straits Times, the departure comes amid an independent investigation into reports that Huang was targeted by a foreign intelligence operation. The company named Chief Financial Officer Colette Kress as interim CEO while it considers permanent candidates.

Arutz Sheva - Israel National News reports that Huang, 63, resigned following revelations of an intimate relationship with another employee and two previously disclosed extramarital affairs, one of which was with Alice Huang, who is suspected of spying for Beijing. NDTV notes that Huang acknowledged an affair with Alice Huang, a former executive at Megaspeed, though the two are not related.

President Donald Trump suggested on Truth Social that former Apple CEO Tim Cook should replace Huang. While Trump praised Huang’s leadership, the New York Times reported that the close relationship between Trump, Howard Lutnick, and Huang made officials wary of taking aggressive steps to regulate Nvidia chip sales to Asia. The New York Times also noted that Lutnick has frequently clashed with top officials regarding the regulation of advanced technology sales to Asia.

In response to the allegations involving Alice Huang, Trump defended the Nvidia boss, stating he had no knowledge that she was allegedly spying for Beijing. Trump described Huang as an "amazing guy" who has been "suffering greatly." Arutz Sheva - Israel National News reported that Trump emphasized the allegations have not been proven. The New York Times reported that Trump was informed of the allegations by Secretary of State Marco Rubio in May.

Brief written by urgent.news from Techmeme, Malay Mail, New Straits Times, Arutz Sheva - Israel National News, NDTV — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.