MANILA, Philippines — Nvidia and Chief Executive Jensen Huang were sued on November 9 in a proposed class action accusing them of defrauding shareholders by concealing Huang’s ties with a suspected Chinese spy. US authorities had concluded Alice Huang was a Chinese intelligence asset.
On November 11, Nvidia’s board held a meeting to decide whether to oust Huang. The CEO has no obvious successor and owns about 3.6% of Nvidia’s stock. Huang also has dozens of direct reports, underscoring the tight control he maintains over the company.
On November 12, Nvidia announces Huang’s resignation as CEO. Colette Kress, executive vice president and CFO of Nvidia, was appointed interim CEO while the board begins a search for a permanent replacement. A separate report found sources that said Jensen Huang had a second affair with a different, unnamed Nvidia employee.
Meanwhile, students from various colleges and universities in Metro Manila walked out of their respective campuses on November 13 to protest the Pax Silica initiative and the visit of US President Donald Trump to the 49th ASEAN Summit and Related Summits.
Catch more stories in these photos from the week that was:
Photos of Nvidia CEO Jensen Huang and his wife, Lori Huang, along with their signatures, are displayed at Yuchan Candied Fruit in Taipei on November 10, 2026, a shop frequently…
