Nvidia Approaches Arm CEO Rene Haas to Replace Jensen Huang

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Nvidia's board has approached Arm Holdings CEO Rene Haas as a potential successor to Jensen Huang, who resigned Thursday amid revelations of extramarital affairs, including one involving a suspected Chinese spy. The move has plunged the chipmaker into crisis. Haas spent seven formative years at Nvidia before joining Arm in 2013, and became its CEO in 2022. He is one of several candidates, with no guarantee of an offer, while Nvidia's finance chief Colette Kress serves as interim CEO. The board says speculation is premature. Analysts also cite AMD's Lisa Su and Micron's Sanjay Mehrotra as external candidates, while some employees have urged Huang's reinstatement, a petition Elon Musk says he would sign. Nvidia's market value losses for the week reached about $573 billion.


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