South Korea calms fears over 260,000 Nvidia chip order after Jensen Huang’s exit

The South Korean Ministry of Science and ICT stated that Nvidia's existing partnership commitments to Seoul remain intact following the departure of CEO Jensen Huang. However, uncertainty remains regarding these collaborations; The Korea Times reports that Elon Musk suggested Nvidia could lose critical deals because many agreements were based on personal handshakes with Huang rather than written contracts.

Huang resigned on Thursday after confessing to an affair with a chip executive identified by U.S. intelligence as a suspected Chinese spy. TechCrunch reports that a petition to reinstate Huang has gathered more than 115,000 signatures, including thousands of employees and shareholders, who claim he was removed without due process. While Nvidia's stock fell 2% on Friday, CFO Colette Kress has been appointed as interim CEO.

According to Techmeme, company insiders claimed Huang was prone to wild office tantrums. CNBC Technology reports that two Nvidia investors holding approximately $2.13 billion in stock are calling for a deliberate leadership search.

Brief written by urgent.news from South China Morning Post, Techmeme, The Korea Times, TechCrunch, CNBC Technology — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.