San Francisco:Jensen Huang, co-founder and long-serving CEO of the US chipmaker NVIDIA, has resigned following allegations of ties with a businesswoman suspected of connections with Chinese intelligence. Huang's resignation came after weeks of intense scrutiny over his reported relationship with Alice Huang, who is suspected by US intelligence of having ties to China's Ministry of State Security.

According to Anadolu Agency – English, the controversy erupted when allegations surfaced that Alice Huang had been involved with a company that purchased billions of dollars of NVIDIA equipment, raising national security concerns. An investigation by NVIDIA's board ensued, and the company named Colette Kress, the Chief Financial Officer, as interim CEO after Huang's immediate resignation.

Jensen Huang, originally from Taiwan, co-founded NVIDIA in 1993, steering the company to become a leading provider of advanced AI technology. The situation became complicated after reports indicated that Alice Huang was allegedly sharing information with Chinese authorities while collaborating on projects with NVIDIA. This sparked investigations by US intelligence and a call for congressional scrutiny.

Amid these developments, NVIDIA's board retained legal counsel to conduct an independent investigation. Despite no explicit connection being made between Huang's resignation and the allegations, NVIDIA's share value faced considerable pressure, reflecting investor concerns over the company's leadership and potential national security risks.