Nvidia’s board is meeting to decide whether to oust CEO Jensen Huang, a source familiar with the matter told the Reuters news agency, as the world’s dominant supplier of AI processors grapples with reports of two extramarital affairs involving its longtime leader. The reports mark a sharp escalation in a controversy that began with revelations about Huang’s relationship with Alice Huang, a woman US intelligence has said was involved in facilitating shipments of Nvidia chips to Chinese firms. In a memo to employees on Sunday, Huang acknowledged being unfaithful to his wife and took “full responsibility,” but gave no details about the relationship. Huang, 63, has no obvious successor and owns about 3.6% of Nvidia’s stock. He also has dozens of direct reports, underscoring the tight control he maintains over the company. The company’s shares slid about 8% in after-hours trading after the Wall Street Journal first reported that Nvidia was preparing to oust Huang. Including Wednesday’s a
Nvidia board reportedly meeting to decide CEO Jensen Huang’s future as chip giant’s share price plunges – follow live
Huang’s potential departure would leave a leadership vacuum at the roughly $4tn chipmaker he co-founded, with Nvidia’s shares sliding about 8% in after-hours tradingAnalysts have suggested that with no obvious successor, the Nvidia board has a difficult decision to make on whether to remove Jensen Huang as CEO.“Huang being removed immediately could be challenging for Nvidia since it does not have a succession plan…
In brief
Nvidia’s board is meeting to decide whether to oust CEO Jensen Huang, a source familiar with the matter told the Reuters news agency, as the world’s dominant supplier of AI processors grapples with reports of two extramarital affairs involving its longtime leader. Huang, 63, has no obvious successor and owns about 3.6% of Nvidia’s stock.
This is the opening of the story, shared with credit to The Guardian — World. The rest of the report — with every detail — continues on the publisher’s website.
Continue reading at The Guardian — World ↗
