Drama at Nvidia: Board deliberates ouster of CEO Jensen Huang
Following reports of personal affairs and ties to a woman suspected of espionage for China, the board is meeting to discuss the founder's future.
A deep crisis is rocking tech giant Nvidia as its board of directors meets to discuss the future of CEO and founder Jensen Huang, CNBC and Globes reported. The move follows the revelation of personal relationships involving Huang, including one with a woman identified by U.S. intelligence as a suspected Chinese spy. Reports of additional personal affairs have further rattled the company, leading to a sharp decline in stock value across global markets.
Under Nvidia's corporate bylaws, six directors have the authority to terminate the tenure of the founder, who is also the company's largest private shareholder. Sources indicate that the company has already begun exploring potential successors. Further details have not yet been released.
Sources: 20VC Episodes, CNBC Markets, גלובס, Die Zeit, Die Zeit
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