00:01Jensen Huang has resigned as chief executive of NVIDIA with immediate effect following revelations that he had to extramarital affairs,
00:11one of them with a woman accused of spying for China.
00:14The company's board announced on Thursday that Jensen Huang, who co-founded the firm in 1993, had stepped down as
00:21president, chief executive and board member. His departure ends a 33-year run at the head of the company, which
00:29did not give a reason for it.
00:31NVIDIA shares fell as much as 13% in early trading on Wall Street following the announcement.
00:37Colette Kress, NVIDIA's chief financial officer, will serve as interim CEO.
00:42The resignation follows Jensen Huang admitting on Sunday to a relationship with Alice Wong.
00:49U.S. intelligence reportedly circulated a memo this spring alleging that Alice Wong was an operative for China's Ministry of
00:57State Security.
00:58She was reportedly being monitored over possibly steering AI chips to China.
01:03On Wednesday, the New York Times reported a second affair.
01:07It cited video evidence of Jensen Huang being affectionate with Kimberly Powell, NVIDIA's vice president of healthcare.
