Jensen Huang has resigned with immediate effect as president, chief executive officer, and board member of technology giant Nvidia.
According to media reports, the sudden exit of the 63-year-old executive brings an abrupt close to his 33-year tenure leading the California-based chipmaker he co-founded. Nvidia has appointed its long-serving Chief Financial Officer, Colette Kress, as interim CEO while a search for a permanent successor is underway.
Huang's departure followed weeks of intense public scrutiny, shareholder lawsuits, and federal investigations. Mounting national security concerns and a sharp market sell-off wiped out roughly $600 billion in company value, forcing the leadership transition.
The investigations were triggered by revelations of an extramarital affair with an executive at a Singapore-based Nvidia business partner who was allegedly a Chinese intelligence operative.
Subsequent reports revealed a second extramarital relationship with Kimberly Powell, Nvidia’s vice president of health care, who reported directly to him.
The sudden resignation of the high-profile leader has created major ripples across the global technology and semiconductor sector.
Source: Media reports
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