Nvidia board prepares to oust CEO, name interim chief
The Scoop Some members of Nvidia’s board favor appointing Chief Financial Officer Colette Kress as interim CEO at the beleaguered chipmaker if CEO and founder Jensen Huang is ousted, according to people familiar with the matter.
Key points
- Interim CEO Colette Kress and board chair Harvey Jones emailed Nvidia employees, expressing gratitude for "resilience, professionalism and continued dedication.
- Chris Coons, D-Del., and Elizabeth Warren, D-Mass., sent a letter to members of President Donald Trump’s Cabinet on Wednesday asking them to preserve documents related to Nvidia’s chip exports to China or entities that could divert such chips to the country.
- “Reports suggest that officials within the government — including at the White House, State Department, and Commerce Department — were aware of concerns about NVIDIA, its relationship with Megaspeed, and the suspected Chinese intelligence operation, yet did not move to block the continued flow of advanced AI chips.”.
Nvidia’s board has debated whether, as part of its potential replacement of Huang, to introduce a chief operating officer to serve alongside the interim chief executive, some of the people said.
Additional details
- One person being considered for the top job is Apple hardware chief Johny Srouji, who was among the executives considered for Intel CEO in 2019, according to another person familiar with the matter.
- “This incident raises significant concerns about the federal government’s ability to effectively enforce our export controls and protect our national security,” the senators wrote in the letter.
- The $4 trillion company’s long-tenured board announced a Wachtell Lipton-led probe into whether Huang may have divulged corporate secrets or endangered US national security.
- In addition to providing many of the most advanced chips for hyperscalers, Nvidia has entered into billions of dollars worth of financing deals underwriting the AI buildout.
- The Nvidia board briefed the White House on its planned meeting, according to a senior administration official.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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