Turmoil at Nvidia: CEO Jensen Huang Resigns

The founder and CEO of the chip giant has resigned following an internal investigation into his ties with a suspected Chinese spy.

Jensen Huang, the founder and CEO of chipmaker Nvidia, has resigned from his position, with the company's board appointing Chief Financial Officer Colette Kress as interim CEO. This was reported by CBS and Reuters. The resignation follows an internal board investigation into Huang's personal relationships, including ties to a woman suspected by U.S. intelligence agencies of spying for China.

Following the announcement, Nvidia's market value dropped by nearly $500 billion. U.S. President Donald Trump weighed in on the development, suggesting that Apple CEO Tim Cook should replace Huang. Further details regarding the appointment of a permanent successor have not yet been released.