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Jensen Huang resigned as president of Nvidia after personal relationships he had concealed from senior company officials came to light, costing him the board’s confidence in his leadership. Chief Financial Officer Colette Kress was appointed interim CEO. News reports covered U.S. agencies’ suspicions that Alice Huang, the Chinese head of Megaspeed, had ties to China’s Ministry of State Security, while noting that evidence of such a connection had not been made public and that Beijing denied the allegations. Records reviewed by *The Wall Street Journal* showed that Megaspeed arranged shipments of Nvidia chips worth nearly $12 billion to Chinese companies between March 2024 and June 2025, though the records did not establish that all the shipments reached their destinations. Coverage concluded that the case went beyond Huang’s personal conduct, exposing gaps in chip-export oversight and raising concerns about concentrated power and weak governance in technology companies.
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