Nvidia CEO Jensen Huang resigns after reports of second affair

BREAKING

Huang reportedly had multiple extramarital relationships, including one with a woman who reports to him and another with a suspected agent of China.

As they announced CEO transition, NVIDIA said in a statement: “Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer.”

Huang, 63, co-founded the Silicon Valley-based chipmaker in the early 1990s.

The NVIDIA board met this week to decide on Huang's future

According to NBC News, the board met on the night of Wednesday (11 November) to address Huang’s future at the company.

Amid multiple reports of the meeting, shares of NVIDIA dropped almost 9% in after-hours trading Wednesday.

As they cited five people who worked at NVIDIA, The New York Times reported on Wednesday that Huang had an extramarital relationship with a married healthcare executive who reported to him.

The latter appears to run afoul of NVIDIA’s code of conduct.

That report followed the previous one that Huang had an affair with a woman believed to be a spy for China.

The business executive, Alice Huang, held a senior position at Megaspeed, a Singapore-based company that was buying advanced chips from NVIDIA.

Megaspeed and other related firms remain under US criminal investigation of allegations they smuggled American-made chips into China.

NVIDIA’s board announced on Sunday that it was investigating whether Huang had fallen victim to a foreign intelligence plot.

In a memo to employees, Huang apologised and said that he was supporting the independent investigation.