Nvidia board reportedly weighs whether to remove CEO Jensen Huang
From Sansasyonel Gazete - International (English) · 00:01:38
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Nvidia’s board convened on Wednesday to consider whether to dismiss CEO Jensen Huang, as per several news outlets. This came in stark contrast to Sunday, when the board publicly supported Huang and his executive team. Following a report by The Wall Street Journal that Nvidia was set to terminate him, the company’s shares dropped over 8% in after-hours trading. Should those declines remain unchanged, the firm would have seen roughly $600bn wiped from its market value since the board revealed an inquiry into Huang’s connection with a woman named Alice Huang, who is alleged to have ties to Chinese intelligence. While Jensen Huang has acknowledged having a romantic relationship with her, he maintains that he was unaware of her supposed links to the Chinese government. According to Nvidia’s bylaws, a majority of the board directors have the power to remove him for any reason or no reason at all. The company hired the legal firm Wachtell, Lipton, Rosen & Katz to carry out a “comprehensive and impartial” inquiry, and the firm advised Huang to remain in charge of Nvidia during the process. On Wednesday evening, The New York Times revealed that Huang had another affair outside of marriage with an employee named Kimberly Powell. In a message sent to staff on Sunday, Huang acknowledged the relationship and pledged to support the internal review. Chiu Chui-cheng, the minister of Taiwan’s Mainland Affairs Council, noted that Alice Huang traveled to Taiwan eight times in 2024 and 2025, and stated there were “no special flags” concerning her at that time. On Wednesday evening, Senators from the Democratic Party, including Elizabeth Warren and Chris Coons, urged the Trump administration to maintain records related to Nvidia’s semiconductor shipments to China. https://sansasyonelgazete.com/en/nvidia-board-reportedly-deciding-whether-to-oust-ceo-jensen-huang-as-stock-price-plunges-33685
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