The board of directors of technology giant Nvidia is considering removing Jensen Huang from his post as chief executive.
This is reported by the BBC.
The company’s shares fell sharply after The New York Times reported that Huang had a second affair – this time with one of the company’s executives.
The company’s board is meeting against the backdrop of these developments.
Nvidia has already launched an investigation into the relationship between Huang and Alice Huan, who is suspected of spying for China, bringing in a major law firm to do so. The FBI is also involved in the case.
Earlier this week, the chief executive admitted he had been “unfaithful” to his wife and apologised to her and their children.
Nvidia’s board had previously expressed support for Huang, saying there was no reason to believe that the company’s trade secrets or national security had been compromised because of his first affair.
Jensen Huang Plays a Decisive Role in Nvidia’s Success
Nvidia is the world’s second most valuable company by market capitalisation (after Apple) and plays a key role in the artificial intelligence industry.
The BBC notes that Jensen Huang has played a decisive role in Nvidia’s success, and finding a replacement for him in the event of his resignation would be extremely difficult.
“Companies spending vast sums to build artificial intelligence systems depend on Nvidia’s chips. They need assurances on supply, new products and the fulfilment of commitments already made. Nvidia’s engineers, technology and expertise will remain in place. However, finding a replacement for someone with as much influence – both within the company and across the entire industry – as Jensen Huang would be an extraordinarily difficult task,” the BBC says.