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Nvidia board reportedly prepares to remove Jensen Huang

A report published on November 11 said Nvidia’s board was preparing to remove CEO Jensen Huang and could meet that day to discuss his position.

Huang had reportedly acknowledged an extramarital affair with Alice Huang, a former executive at Megaspeed International, a Singapore-based data center company and Nvidia customer.

Alice Huang was reportedly suspected of spying for China.

Megaspeed was under US investigation over possible chip smuggling, according to a report. Nvidia and Megaspeed denied wrongdoing, while Beijing dismissed allegations that China had spied on Huang.

Separately, people who worked at Nvidia said Huang had a relationship with Kimberly Powell, Nvidia’s vice president of healthcare. Nvidia shares fell 8% to US$159.95 in extended trading on November 11.

Nvidia did not immediately respond to a request for comment.

Separately, an article by Association of Certified Sanctions Specialists article described efforts to circumvent controls on advanced AI chip exports via Singapore.

🔗 Source: Bloomberg

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