Nvidia's board is reportedly preparing to oust Jensen Huang amid reports of an affair with a suspected Chinese spy. The shake-up would leave the world's leading AI chip supplier without the co-founder who built it.
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Nvidia's board prepared to oust co-founder and CEO Jensen Huang and could meet imminently to decide his future, media outlets, led by the Wall Street Journal, reported on Wednesday.
Huang has led the company for more than three decades, turning it from a gaming chipmaker into the dominant supplier of chips for artificial intelligence.
Why is Nvidia's board considering replacing Huang?
The report comes as Nvidia investigates whether Huang was targeted by a foreign intelligence effort after reports of an affair with a woman US intelligence reportedly identified as a Chinese intelligence asset. The New York Times reported Wednesday that Huang also had an affair with an Nvidia executive who reported to him.
News that Nvidia might part ways with Huang sent the company's shares down about 8% in after-hours trading.
A reporter for the financial news outlet Bloomberg said on X that Nvidia's board was working with an outside firm to identify potential successors and considering an interim CEO while it searched for a permanent replacement.
More to come on this developing news