Nvidia says it has accepted Jensen Huang’s resignation and appointed Colette Kress as interim CEO after the company linked an extramarital affair to national security concerns.
The Story
Nvidia announced Thursday that it has accepted the resignation of chief executive officer Jensen Huang, citing national security concerns tied to an extramarital affair.
The company named Colette Kress as interim CEO. Kress is currently Nvidia’s executive vice president and chief financial officer.
Nvidia said it has “no reason to believe” that national security or Nvidia secrets were compromised, and that its ongoing inquiry will examine all available information.
In a separate governance update, Nvidia’s board said it named Harvey C. Jones as its first-ever chairman.
Nvidia’s shares fell about 10% in premarket trading on Thursday following the announcement.
Singapore-headquartered Megaspeed International said in a statement Thursday that it takes compliance with U.S. export control laws “extremely seriously.” The company said it is committed to working constructively with the U.S. government and to cooperating with the enforcement role of the U.S. Department of Commerce’s Bureau of Industry and Security (BIS).
Megaspeed also said it has hired a U.S. law firm to conduct a “comprehensive census” of its computer chips and to verify its export controls, adding that it welcomes “appropriate government scrutiny” and is committed to operating responsibly and transparently in line with applicable U.S. laws.
The statement follows earlier comments from U.S. President Donald Trump, who said Sunday that the FBI was investigating.
China has denied it attempted to ensnare Huang, who leads one of the world’s most valuable companies, and Nvidia said it has been lobbying Washington to loosen limits on sales of Nvidia chips to China.
Megaspeed has previously faced allegations that it shipped advanced Nvidia chips into China, but it said in December there was “no evidence” of such exports. Singapore has also said it is investigating those allegations.
Megaspeed’s corporate records show its total assets rose roughly 90-fold from late 2023 to 2024 to almost US$3 billion, while its revenue increased to more than US$294 million in 2024 from none in 2023.
← More stories