Nvidia's board has reached out to Arm Holdings chief executive Rene Haas as one of several potential candidates to fill its vacant leadership role. The search was triggered after former CEO Jensen Huang stepped down on Thursday following revelations of extramarital affairs, including one tied to an alleged Chinese intelligence operative. Haas has not formally been offered the job, and neither company has publicly confirmed the discussions. Meanwhile, market uncertainty triggered by Huang's exit sent Nvidia shares down by over 3 percent and Arm shares down more than 5 percent.
Key points
The sudden departure of Nvidia's former leader has disrupted both the company and the bro…: The sudden departure of Nvidia's former leader has disrupted both the company and the broader artificial intelligence sector.
Arm chief executive Rene Haas remains only one of several leadership prospects under cons…: Arm chief executive Rene Haas remains only one of several leadership prospects under consideration by Nvidia's board.
Market reactions drove down share prices for both Nvidia and Arm amid the ongoing executi…: Market reactions drove down share prices for both Nvidia and Arm amid the ongoing executive succession search.
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Nvidia approached Arm CEO Haas to succeed Huang, FT reports
Nov 13 : Nvidia's board has approached Arm Holdings CEO Rene Haas in its search for a potential successor to Jensen Huang, the Financial Times reported on Friday, citing people familiar with the matter.
Huang stepped down on Thursday after revelations of extramarital affairs, including one involving a suspected Chinese spy, plunging the chipmaker into crisis and sending shockwaves across an AI industry he helped bankroll.
Haas is among several candidates being considered to succeed Huang and there is no guarantee he will be offered the job or accept it, FT reported.
The British chipmaker declined to comment, while Nvidia did not immediately respond to a Reuters request for comment. Reuters could not independently verify the report.
Arm's US-listed shared pared losses after the report and were down more than 5 per cent. Nvidia's shares were down over 3 per cent.
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