Nvidia CEO Jensen Huang is stepping down from his role and the company’s board. The company announced Thursday that Chief Financial Officer Colette Kress will serve as interim CEO while the board searches for a permanent successor.
Huang’s resignation follows reports that the 63-year-old executive had an extramarital affair with Alice Huang, a former executive at Singapore-based cloud company Megaspeed, whom US authorities suspect of being a Chinese intelligence asset. Megaspeed is currently under investigation by Washington over suspicions of helping China bypass US export controls to obtain restricted AI chips.
The New York Times also reported that Huang had a separate affair with Kimberly Powell, Nvidia’s vice president of healthcare, who reported directly to him.
Huang, who co-founded Nvidia and holds a 3.61 percent stake, played a central role in funding current AI infrastructure. His departure initiates a leadership transition for the $4 trillion company and brings renewed attention to US chip export policies and international tech trade regulations.
