Jensen Huang Resigns as Nvidia CEO Amid Relationship with Suspected Chinese Spy

Jensen Huang, the co-founder and Chief Executive Officer of "Nvidia," resigned on Thursday in a sudden development that ends his leadership of the company he founded in 1993. This follows reports of two extramarital relationships, one involving a woman suspected of having ties to Chinese intelligence, according to the American newspaper "The Washington Post."

The company's board of directors announced it accepted Huang's resignation, praising his contributions to building "Nvidia" and transforming it into one of the most influential technology companies in the world.

In a statement, the board said Huang's contributions to the company and the sector were "profound," thanking him for what he provided throughout his career.

Colette Kress, the current Chief Financial Officer of the company, will assume the role of interim Chief Executive Officer, while the board did not announce details regarding the selection of a permanent chief executive or the timeline for doing so.

The resignation came days after mounting pressure on Huang, following reports of two extramarital relationships. One involved Alice Huang, a former executive at Singaporean company "Megaspeed," whose name appeared in investigations related to suspicions of ties to Chinese intelligence. Reports also mentioned another relationship with Kimberly Powell, an "Nvidia" executive who oversees the company's healthcare business.

"Nvidia" shares fell by approximately 9 percent in early trading on Thursday, amid investor concerns about the repercussions of the founder's departure on the company's leadership and strategic path.