Jensen Huang Finally Leaves Post as CEO of NVIDIA

NVIDIA's board of directors has rejected Jensen Huang's proposal to return to the post of CEO. This decision was made following a major scandal involving allegations of violating security policies and potential ties to Chinese intelligence agencies.

It previously became known that Huang had a romantic relationship with Alice Huang (Huang Le), former head of the Singapore-based company Megaspeed International. American intelligence suspects the woman of cooperating with Chinese special services, while her company purchased NVIDIA equipment for large sums.

At the same time, it emerged that Huang had an affair with an NVIDIA employee who reported directly to him. These facts led to his resignation from all positions on November 11: CEO, president, and board member.

Market reaction and new appointments

Following news of the departure of the long-time leader, NVIDIA shares plummeted. CFO Collette Kress became acting CEO. The board of directors is now searching for a permanent successor to lead one of the world's largest technology corporations.

Return did not happen

Recently, Jensen Huang proposed to the board of directors to return to his post. However, board members deemed this unacceptable due to ongoing national security concerns and reputational risks. Thus, Huang's era of leadership at NVIDIA has officially ended.