Nvidia CEO Jensen Huang Resigns Amid Scandal; US Commerce Secretary at

MGR Online•International•49m ago

Reader Briefing

Nvidia CEO Jensen Huang resigned on November 12 following revelations of extramarital affairs, potentially impacting US Secretary of Commerce Howard Lutnick.

•Jensen Huang resigned as CEO and board member of Nvidia on November 12.
•The resignation follows allegations of affairs with two women, including one suspected by US officials of being a Chinese spy.
•White House officials are reportedly considering the removal of Commerce Secretary Howard Lutnick due to indirect impacts of the scandal.
•Collette Kress has been appointed as interim CEO of Nvidia.

Overview

•Jensen Huang resigned as CEO and from the board of Nvidia on November 12.
•The resignation follows reports of Jensen Huang having extramarital affairs with two women, including Kimberly Powell and Alice Huang.
•US officials suspect Alice Huang of acting on behalf of Chinese intelligence, while Beijing has denied this claim.
•White House officials are consulting whether to remove Commerce Secretary Howard Lutnick, who had pushed for relaxed chip sales to China alongside Jensen Huang.
•Collette Kress has been appointed as interim CEO, with a company meeting scheduled for November 18.
•Jensen Huang has agreed to testify before Congress before the Thanksgiving holiday.
•Nvidia's stock price increased sevenfold leading up to early October, reaching a market value of nearly 6 trillion dollars at one point.

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Key Quotes

Collette Kress

"The board, the senior management team, and I myself realize that this is an extremely difficult time."

คณะกรรมการ ทีมผู้บริหารระดับสูง และตัวฉันเอง ตระหนักดีว่าช่วงเวลานี้เป็นช่วงเวลาที่ยากลำบากอย่างยิ่ง

Jensen Huang

"I think you should not speak with me directly."

ผมคิดว่าคุณไม่ควรคุยกับผมโดยตรง

Key Entities

Person

Jensen Huang(เจนเซ่น หวง)ℹ️

The former CEO and co-founder of Nvidia who resigned on November 12.

Howard Lutnick(ฮาเวิร์ด ลุตนิค)ℹ️

The US Secretary of Commerce facing potential removal from office.

Donald Trump(โดนัลด์ ทรัมป์)ℹ️

The President of the United States.

Collette Kress(โคเล็ตต์ เครสส์)

The Chief Financial Officer of Nvidia and current interim CEO.

Ian Buck(เอียน บัค)

An Nvidia engineer considered a top internal candidate for CEO.

Harvey Jones(ฮาร์วีย์ โจนส์)ℹ️

The former CEO of Synopsys appointed as the first chairman of the Nvidia board.

Kimberly Powell(คิมเบอร์ลี พาวเวลล์)ℹ️

The Vice President of Healthcare at Nvidia who had an affair with Jensen Huang.

Alice Huang(อลิซ หวง)ℹ️

A former executive at Megaspeed suspected by US officials of being a Chinese spy.

Organization

Nvidia(เอ็นวิเดีย)ℹ️

A chip manufacturer and AI industry leader.

White House(ทำเนียบขาว)ℹ️

The administrative office of the US President considering the removal of the Commerce Secretary.

Synopsysℹ️

The company where Harvey Jones previously served as CEO.

Megaspeed(เมกาสปีด)

A Singapore-based cloud partner of Nvidia under investigation by Washington.

Reuters(รอยเตอร์ส)ℹ️

A news agency that reported on the White House consultations.

CNBC(ซีเอ็นบีซี)ℹ️

A news agency that reported on Collette Kress calling a management meeting.

New York Times(นิวยอร์กไทมส์)ℹ️

A news agency that reported on Jensen Huang's legal counsel and affairs.

Paul Weiss(พอล ไวส์)

The law firm hired by Jensen Huang.

Place

Singapore(สิงคโปร์)ℹ️

The location where Megaspeed is based.

China(จีน)ℹ️

The country whose intelligence services are suspected of linking to Alice Huang.

USA(สหรัฐฯ)ℹ️

The country implementing chip export controls.