Nvidia board reportedly prepares to decide Jensen Huang’s future
By the AFREEQUE newsroom, based on TechCrunch and MyJoyOnline
Nvidia’s board is reportedly preparing a meeting to decide whether to retain Jensen Huang, co-founder and chief executive, after revelations about two extramarital relationships, one with a company executive. The meeting could take place as early as Wednesday, as Nvidia shares fell 8% after the market closed, according to MyJoyOnline citing the Wall Street Journal.
Nvidia’s board is preparing a meeting that could decide Jensen Huang’s future as early as Wednesday, following reports of two extramarital relationships, one with Kimberly Powell, Nvidia’s vice-president in charge of healthcare, MyJoyOnline reports citing the Wall Street Journal and the New York Times. Nvidia did not immediately respond to a request for comment and Reuters was unable to verify the reports.
The affair comes as the board is also examining whether Huang was targeted by a foreign intelligence operation. A woman named Alice Huang, with whom he is reported to have had a relationship, is considered by US intelligence services to have facilitated shipments of Nvidia chips to Chinese companies.
Nvidia shares fell by about 8% in after-hours trading. The group has lost more than $300 billion in market capitalisation since the first revelations concerning Alice Huang.
Jensen Huang’s departure would create a void at the top of Nvidia, valued at around $4 trillion, as the company occupies a central position in the US-China race for dominance in artificial intelligence. Huang also warned that China was only a few "nanoseconds" behind the United States in the chip sector.
