After the Fall

Jensen Huang has reportedly resigned as Nvidia’s chief executive after scandals involving an alleged relationship with a subordinate, Alice Huang, whom US authorities suspect of spying for China. His departure matters because Nvidia is central to the artificial intelligence industry and to US-China competition over advanced chips, leaving the company and its board facing a major leadership change.

Nvidia controls about 90 per cent of the market for chips used in AI, and its shares fell more than 4 per cent at the close after the news. Chief financial officer Colette Kress is interim chief executive while the board seeks a permanent replacement. Singapore detained Alice Huang’s passport for eight months while investigating her chip-importing firm, then expelled her in February; US senators from both parties have called for answers about Jensen Huang’s involvement.