· Bessent says Nvidia's board must look outside the company for Huang's successor ↓
US Treasury Secretary Bessent has said Nvidia must "go outside the company" to find a successor to its former chief executive, Jensen Huang. The comments follow Huang's decision to step down after revelations of extramarital affairs, one of which involved a suspected Chinese spy.
The departure is notable given Nvidia's central role in the global artificial intelligence chip market and the personal nature of the reasons behind it. Bessent's remarks put the question of leadership succession at the centre of the discussion around the company's future.S1S2
Bessent says Nvidia's board must look outside the company for Huang's successor
- Treasury Secretary Scott Bessent said the board needs a "dramatic shakeup" and should look outside the company for its next CEO, according to Nypost.
- Bessent asked whether Nvidia pressed illicit chip sales to boost revenue and said the Trump administration needs answers within 10 days from the board and outside counsel, according to Nypost.
- Bessent questioned whether other executives should face scrutiny over compliance with U.S. export controls, according to CNBC.
- Bessent's remarks come amid a growing feud with Commerce Secretary Howard Lutnick over suspected diversion of advanced AI chips to China, according to Cnbc.
