Nvidia’s board is reportedly considering removing CEO Jensen Huang as a leadership crisis deepens at the world’s leading AI chipmaker.
The board met on Wednesday to discuss Huang’s future, according to a source familiar with the matter cited by Reuters. The development marks a major shift from its earlier public support for the company’s longtime chief.
The controversy follows reports about Huang’s alleged relationships and concerns surrounding a possible foreign intelligence operation.
Board Reconsiders Its Position
Nvidia’s board announced an independent investigation on November 8. It followed reports that Huang had become the target of a foreign intelligence effort.
At the time, directors expressed confidence in Huang and his leadership team. They also said they had no reason to believe national security or company secrets had been compromised.
However, new reports have intensified pressure on the board. Reuters reported that directors were considering whether to remove Huang through a majority vote.
Bloomberg also reported that Nvidia had approached an outside firm to identify potential CEO replacements.
Allegations Add to the Pressure
The leadership controversy intensified after reports linked Huang to Alice Huang, a businesswoman reportedly under US intelligence scrutiny over suspected links to Chinese chip shipments.
The New York Times also reported an alleged relationship between Huang and Kimberly Powell, Nvidia’s vice president of healthcare. The report cited five people familiar with the matter.
Reuters said it could not independently verify that report. Nvidia and Powell had not immediately responded to requests for comment.
Huang previously acknowledged being unfaithful to his wife in a memo to employees. He also accepted responsibility without providing further details.
Nvidia Faces a Succession Challenge
Huang co-founded Nvidia in 1993 and has led the company ever since. His possible departure could create uncertainty for a company central to the global artificial intelligence industry.
Nvidia has no publicly confirmed successor. Reports have identified CFO Colette Kress as a possible interim leader.
The developments have also affected investor confidence. Nvidia shares fell more than 8% in after-hours trading following reports about the board’s plans.
The company’s next earnings announcement is scheduled for November 17. Investors will closely watch for further developments regarding Huang’s position and the ongoing investigation.
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