Former Nvidia CEO Jensen Huang and US Commerce Secretary Lutnick are summoned to testify before the US Senate.
Nvidia CEO Jensen Huang resigned following reports of multiple extramarital affairs, including an admission of infidelity in an email. The company's stock fell 5.5 percent on Thursday, contributing to a nearly half-trillion-dollar loss in market valuation. Following the scandal, the U.S. Senate Banking Committee summoned Huang and Commerce Secretary Howard Lutnick to testify regarding national security concerns.
- Jensen Huang resigned as Nvidia chief after reports of multiple extramarital affairs.
- United States Senate Banking Committee Chairman Tim Scott asked Howard Lutnick to testify.
- US authorities suspect Alice Huang of spying for China.
- The U.S. Trade Secretary, Howard Lutnick, will testify before Congress regarding the Nvidia scandal.
- Nvidia's chief Financial Officer Colette Kress will serve as interim CEO while the board searches for a permanent successor.
- The scandal caused a loss of nearly half a trillion dollars to Nvidia's market valuation.
- The U.S. government must evaluate company risks to national security before authorizing Nvidia to sell advanced chips to China.
- Huang held a stake of about 3.6 percent as Nvidia’s largest individual shareholder.
- Two individuals familiar with the situation reported an intimate relationship between Jensen Huang and a second employee.
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