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Scott Bessent Urges Nvidia to Hire Outside CEO After Jensen Huang
Bessent wants Nvidia to choose a CEO from outside the company as the Treasury seeks answers within 10 days on export compliance.
- 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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(Los Angeles=Yonhap News) Correspondent Kim Kyung-yoon = U.S. Treasury Secretary Scott Besant has spoken out about the former Nvidia CEO Jensen Huang situation and [regarding] a successor...
·Seoul, Korea (the Republic of)
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Coverage Details
Total News Sources21
Leaning Left3Leaning Right6Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
Factuality
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