Nvidia chief executive Jensen Huang has resigned, the company announced on Thursday, after revelations of two extramarital relationships, one with a woman suspected of being a Chinese spy, and another with an employee of the firm.
The disclosure was reported by the Wall Street Journal.
Nvidia has moved quickly to fill the gap, with Chief Financial Officer Colette Kress agreeing to hold the fort as interim CEO. The board has launched a search for a permanent replacement and will look at candidates both inside and outside the company.
Huang admitted on Sunday to the relationship with the woman from another company, who has also been described as a suspected Chinese intelligence asset.
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The fallout was immediate in the markets, with Nvidia’s share price crashing as the scandal broke.
The board has opened an investigation into the allegations surrounding Huang.
In Beijing, officials urged Washington not to seize on the episode as grounds for tightening technology restrictions on China.