Nvidia board urged to consider 'potential return of Jensen Huang' by two major investors
Two Nvidia investors with about $2.13 billion of stock disclosed as of June 30 are calling for a deliberate leadership search after Huang’s resignation.
Following the resignation of Jensen Huang, two Nvidia investors holding approximately $2.13 billion in stock as of June 30 are calling for a deliberate leadership search, according to CNBC Technology. While Nvidia's board stated it is in the process of selecting a search firm and has not formally engaged any candidates, Hindustan Times - World News reports that some employees are pushing for Huang's return. Finance chief Colette Kress is currently serving as interim CEO.
TechCrunch reports that Nvidia’s board launched an independent investigation on November 8 following reports that Huang was targeted by a Chinese spy operation. Huang admitted to an affair with Alice Huang, a former executive at the Singapore-based company Megaspeed. China’s foreign ministry rejected allegations on November 10 that a businesswoman linked to the former CEO was a spy, calling the claims groundless.
Hindustan Times - World News notes that Arm Holdings CEO Rene Haas has emerged as a potential successor, though the Financial Times reported there is no guarantee he will be offered or accept the position. TechCrunch indicates that Huang's departure has created uncertainty regarding more than $3 billion in Chinese AI computing projects that rely on Nvidia’s restricted processors.
Brief written by urgent.news from CNBC Technology, TechCrunch, Tom's Hardware, Techmeme, Hindustan Times - World News — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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