Jensen Huang Out at Nvidia Over Affair With Suspected Chinese Spy

An affair with an alleged Chinese spy has cost Jensen Huang the top job at technology firm Nvidia.The board of directors announced Thursday morning that Mr. Huang had resigned as chief executive officer, president, and a member of the board, effective immediately. Mr. Huang co-founded the company in 1993 and it has grown into one of the most valuable firms in the world — driven by its dominance in artificial intelligence chips.“Jensen’s contributions to Nvidia are profound. Nvidia is one of the most consequential technology companies in the world,” the company said in a release. “The Board and the company thank Jensen for his immeasurable contributions to the company and the industry,” it continued.The company appointed Colette Kress as the interim chief as the search for a permanent chief executive is conducted. Ms. Kress is Nvidia’s current executive vice president and chief financial officer. She will stay in those roles as she steps into the new role.Nvidia also appointed Harvey C. Jones as its first-ever chair of the board.The company’s stock price was down 10 percent Thursday in pre-market trading, and the share price was down more than 18 percent for the week after reports about Mr. Huang’s affair first surfaced. The company was set to report earnings next week.Mr. Huang faces an FBI investigation into his admitted affair. China has denied being part in any espionage.The pressure on Mr. Huang to resign heightened after the New York Times reported Wednesday that Mr. Huang had a second affair with an Nvidia executive who reported to him.Mr. Huang is one of the world’s richest people and an ally of President Trump. Mr. Trump has defended Mr. Huang since news of the affair broke last weekend.

Jensen Huang Out at Nvidia Over Affair With Suspected Chinese Spy

Jensen Huang Out at Nvidia Over Affair With Suspected Chinese Spy

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