Jensen Huang’s 33-year Nvidia run ends: From one month of payroll to a $5 trillion empire – CNBC TV18

For 33 years, Nvidia had only one chief executive. On November 12, that changed.

Jensen Huang has resigned as president, CEO and board member of the world's most valuable chipmaker, effective immediately. CFO Colette Kress will serve as interim CEO while continuing as CFO. Harvey C. Jones, former CEO and executive chairman of Synopsys, becomes the board's first-ever chair. The search for a permanent CEO is open to internal and external candidates.

The company gave no reason for the exit. It came four days after the board opened an independent investigation into reports that Huang was the target of a foreign intelligence effort, and after he admitted to staff that he had been unfaithful to his wife.

Huang co-founded Nvidia in 1993 with Chris Malachowsky and Curtis Priem. The early years nearly ended it. Its first chip flopped, and a $5 million lifeline from Sega bought it about six more months. When the RIVA 128 shipped in 1997, Nvidia had one month of payroll left. The chip sold 1 million units in four months, and Nvidia went public in 1999 at $12 a share.

Also read: Nvidia CEO Jensen Huang resigns; Colette Kress to lead company for now

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Original source: https://www.cnbctv18.com/technology/