Nvidia chief Jensen Huang steps down amid congressional probe
Jensen Huang resigned as Nvidia chief executive and president with immediate effect, and Colette Kress, the chief financial officer, is interim CEO while a successor is sought. The resignation followed reports of an affair with Alice Huang, a Megaspeed executive suspected by U.S. authorities of spying for China. Nvidia shares fell 4.3 percent after the announcement, and the company lost about 500 billion dollars in market value in one week, according to The Wall Street Journal. Senate Banking Committee Chairman Tim Scott has asked Huang and Commerce Secretary Howard Lutnick to testify on 3 December over national security concerns.
Key facts
- Lutnick has agreed to testify, according to a Commerce Department spokesman quoted by NBC News.
- Huang agreed to testify before Congress before Thanksgiving, per House Foreign Affairs Chair Brian Mast.
- The Justice Department is investigating whether entities linked to Alice Huang were involved.
- President Trump said the FBI is investigating the affair; China has denied involvement.
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Why it matters
The case links a leading U.S. chip company's leadership to national security questions and a federal investigation.
What changed
First published from TechCrunch, Engadget, The Guardian, Hindustan Times and DW