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Siemens CEO says cooperation with Nvidia will no be affected by leadership uncertainty

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In short

Addressing reporters following fourth-quarter financial results, Siemens Chief Executive Roland Busch downplayed concerns regarding Nvidia's executive turmoil. The remarks come as Nvidia's board evaluates founder Jensen Huang's status due to controversy over alleged extramarital relationships, one of which reportedly involves an alleged Chinese spy. Busch stressed that operational ties remain fully intact, noting that personnel from both corporations continue actively collaborating on shared projects.

Key points

  • Roland Busch stated that media and public discussions have focused too heavily on a singl…: Roland Busch stated that media and public discussions have focused too heavily on a single corporate figure.
  • Active collaboration between Siemens and Nvidia will continue independently of any leader…: Active collaboration between Siemens and Nvidia will continue independently of any leadership changes at the chipmaker.
  • Operational initiatives remain unaffected because personnel from both companies are activ…: Operational initiatives remain unaffected because personnel from both companies are actively working together on joint projects.

Sources checked by our analysis pipeline: 1

ZURICH, Nov 12 : Siemens Chief Executive Roland Busch said his company would continue to work with Nvidia no matter what the AI chipmaker decides regarding the future of its founder and CEO Jensen Huang.

Nvidia's board is considering whether to oust Huang as it grapples with the fallout from reports of two extramarital affairs — one with an alleged Chinese spy — involving its longtime leader.

"We are talking about a relatively big company with a large team," Busch told reporters after Siemens' fourth-quarter results. "So the projects we have, they will continue independently of what's happening at Nvidia."

Busch said collaboration between the German engineering group and the world's dominant supplier of AI chips, which includes joint projects, was not dependent upon Huang's ultimate fate.

"I believe that we are too much focused on one individual. And that is, of course, the result of all the hype in the media," Busch said.

"We have Nvidia people working together with us on our side. We have joint projects. And honestly, I don't see any kind of influence. It's a…

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