Nvidia CEO Jensen Huang Resigns; CFO Colette Kress Named Interim Chief

At a glance

Nvidia's board said Jensen Huang resigned immediately as CEO and board member. The board will consider both internal and external candidates for a permanent replacement. Chief Financial Officer Colette Kress will serve as interim CEO.

Key points

1. 1

   The board said Huang had been under internal investigation after he admitted a personal relationship in an email to employees and apologized.

2. 2

   The New York Times and other outlets reported that Huang was a target of a Chinese intelligence operation, which China denies.

3. 3

   A source said the alleged relationship with an employee and Huang's dealings with Singapore-based AI company Megaspeed likely mattered more to the board than the espionage claims.

Why it matters

A change at the top of the world's largest AI chip company can affect its operations, its stock, and the debate over US chip export controls on China.

Also reported by

• The VergeNvidia CEO Jensen Huang resigns amid spy, affair scandals