Jensen Huang resigns as Nvidia CEO after misleading board about relationship

hindustantimes.com —

Former Nvidia CEO Jensen Huang resigned Thursday after misleading company leaders about his relationship with Chinese businesswoman Alice Huang, who is suspected of being a Chinese spy, according to Reuters. Huang described his interactions with Alice Huang and another employee as appropriate business dealings in October messages to leaders including general counsel Tim Teter, though he later admitted to an affair in an email to staff Sunday. He also considered legal action against the New York Times over its October report. Nvidia's board is searching for a permanent CEO, with CFO Colette Kress serving as interim leader and Harvey C Jones appointed as first chairperson. The company's stock has dropped over 30% since October, erasing more than $1.8 trillion in market value.


With a significance score of 2.4, this news ranks in the top 15% of today's 29669 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers: