Key insights
- The Wall Street Journal reports that Nvidia is preparing to remove CEO Jensen Huang. The alleged reasons involve knowingly selling chips to China through intermediaries and potentially aiding a smuggling and diversion scheme. This news follows earlier reports and raises questions about corporate governance and compliance with export controls. The article suggests a potential trail of Huang's involvement or knowledge, with Alibaba representatives reportedly present at meetings.
https://www.wsj.com/business/nvidia-is-preparing-to-oust-nvidia-ceo-jensen-huang-30f421ad Looks like rumors may have been correct. It's not just cheating which is not enough to fire someone. It's knowingly selling chips to be sent to China through Megaspeed or perhaps even helping coordinate a large scale smuggling and diversion scheme. Obviously this is a big story. No clear successor, wonder who it will be. The Culper report seemed to be the only one flagging this risk months ago. Now that everything is coming out immediately after midterms, hard to not wonder if it's more than coincidence. According to the report, Alibaba reps were present at every meeting with Jensen and Alice. Hence he was very much aware. Given Alice was bragging about being able to summon Jensen on command from as early as July 2024 (reported by NYT), they must be pretty close and my bet there's a trail somewhere of his involvement or at least knowledge. Edit: spelling