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Bessent says Nvidia must 'go outside the company' to find new CEO
Bessent said the board needs an outsider and pressed Nvidia for answers on export compliance within 10 days after Huang’s sudden exit.
- On Sunday, Treasury Secretary Scott Bessent called for a "dramatic shakeup" at Nvidia and said the board should seek a new CEO from outside the company following Jensen Huang's resignation.
- Huang resigned three days ago after admitting to an affair with Alice Huang, a former executive at Singapore-based Megaspeed suspected of diverting chips to China in breach of export controls.
- Questioning whether Nvidia disregarded red flags, Bessent demanded answers within 10 days regarding "seemingly illicit sales" that may have inflated the chipmaker's revenues.
- Commerce Secretary Howard Lutnick's department "has the pen" on adding Megaspeed to the export blacklist, though Commerce has declined to list the firm despite support from other agencies.
- Congress could approve a bipartisan export-control bill within weeks, while Nvidia is scheduled to report its third-quarter fiscal 2027 financial results on Tuesday.
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berlingske.dk
berlingske.dkScott Bessent wants to clarify whether Nvidia has deliberately circumvented US export restrictions.
·Borås, Sweden
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Scott Bessent demanded to clarify possible irregular chip sales to China and asked to elect a new CEO outside the company
·Los Angeles, United States
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Treasury Secretary Scott Bessent Demands ‘Dramatic Shakeup’ At Nvidia, Calls For Outside CEO – 100PercentFedUp.com – by Jack
Treasury Secretary Scott Bessent is demanding an outside CEO and a dramatic leadership shakeup at Nvidia. His warning now reaches the company's export controls, earnings questions, and boardroom culture.
·Michigan, United States
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Coverage Details
Total News Sources80
Leaning Left7Leaning Right17Center12Last UpdatedBias Distribution47% Right
Bias Distribution
- 47% of the sources lean Right
47% Right
L 20%
C 33%
R 47%
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