Nvidia CEO Jensen Huang has been fired amid a spying scandal.
Nvidia co-founder Jensen Huang has stepped down as CEO of the company he led for 33 years. His responsibilities have been temporarily transferred to CFO Colt Kress. The board of directors has begun a search for a new leader, the American media reports.
The reason for the personnel changes was the scandal surrounding Huang's alleged relationship with Alice Huang, a senior manager at Singapore's Mega Speed. According to the New York Times, the American intelligence agencies suspect the woman of passing information to the Chinese authorities.
According to TechCrunch, Huang admitted to having an affair with Ellis. However, evidence that he passed on Nvidia's company secrets to her has not been made public. The company itself has previously stated that it has no information about the leak of confidential information.
Amid the scandal, Nvidia shares came under pressure. According to media reports, during preliminary trading on November 12, they lost about 10%, and the decrease in the company's capitalization in recent days was estimated at hundreds of billions of dollars.
Nvidia also made changes to its board of directors. Harvey Jones, who had been a member of the company's management since 1993, became its chairman.