Jensen Huang has stepped down as CEO of Nvidia following reports linking him to affairs with an alleged Chinese spy and two employees

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Jensen Huang, a co-founder of Nvidia, has stepped down from his roles as president, CEO, and board member.

His departure comes amid allegations reported by The New York Times concerning extramarital affairs linked to a suspect identified as a Chinese spy and two other employees.

Huang is expected to appear before US Congress to discuss accusations related to his alleged association with a woman suspected to be a Chinese spy, an assertion denied by China.

According to Nvidia, there appears to be no risk to national security or company secrets; nonetheless, an internal investigation is underway, and the FBI is conducting its own probe.

Colette Kress, who is currently the EVP and CFO, is appointed as interim CEO until a new leader is named.

Kress has served in both current capacities since her 2013 arrival at Nvidia, previously holding senior financial roles at Cisco and Microsoft for nearly 25 years.

Nvidia has also named technology entrepreneur Harvey C. Jones as the new Chair of the Board. Jones is the former CEO and executive chairman of Synopsys.

Jones remarked, "Colette has been instrumental in guiding Nvidia through a period of incredible expansion and possesses comprehensive knowledge of our business, clients, operations, and financial outlook."

He continued, "She is backed by a seasoned leadership team crucial to Nvidia's strategic execution and technology advancements."

"The Board fully trusts Colette and the leadership team, anticipating no disruptions in the company's functions, client engagements, or product trajectory."

Kress commented, "Nvidia's success has always been rooted in its people. With the leadership's unwavering support, I am dedicated to enhancing the exceptional groundwork laid by Jensen over the past 33 years."

"We will keep driving the initiatives that have established Nvidia at the forefront of accelerated computing and AI, seizing upcoming opportunities. Our primary focus remains on serving our customers, partners, developers, and investors."