Jensen Huang Resigns as Nvidia CEO Amid Security Concerns
Jensen Huang, Nvidia’s cofounder and chief executive, has resigned after scrutiny of his relationship with Alice Huang, a former Megaspeed executive whom US officials suspect of working for Chinese intelligence. China has denied the allegations. Singapore has barred Alice Huang, who now lives in China, from re-entering the country after investigating possible offences linked to servers exported through Singapore to Malaysia, although officials said there was insufficient evidence to prove wrongdoing and that espionage was not among the allegations.
The resignation has intensified questions about Nvidia’s dealings with China and the US enforcement of semiconductor export controls. Republican lawmakers have demanded answers from Commerce Secretary Howard Lutnick, who has been criticised for allowing Nvidia to continue selling advanced AI chips while investigations examined whether customers were diverting technology to China. Senator John Kennedy said Lutnick should explain his actions publicly, while House Speaker Mike Johnson said the scandal could strengthen congressional support for tighter restrictions.
Huang had accompanied Trump during his May visit to Beijing, and his departure could affect future delegations as Nvidia seeks approval to sell its H200 chips in China. The company’s shares fell 13 percent in opening trading, contributing to an estimated $800bn loss in market value during the week. The S&P 500 dropped 0.6 percent and the Nasdaq 0.9 percent. Kress will serve as interim CEO, while Harvey C. Jones becomes Nvidia’s first chairman.
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