Nvidia succession fears ripple across Asia as board weighs Huang
What's new: Suppliers in Taiwan and South Korea are revising plans, while TSMC fell 2% and SK Hynix dropped 1.6%.
Nvidia’s Asian suppliers are drawing up contingency plans as the company’s board weighs the future of CEO Jensen Huang after reports of two extramarital affairs. The uncertainty is raising concerns across Taiwan, South Korea and China about whether Nvidia’s aggressive AI investment strategy will continue under new leadership.
Industry executives and analysts told Reuters that Huang’s close ties with manufacturers such as TSMC, Foxconn and Wistron helped drive fast capacity deals and heavy spending across the AI supply chain. Potential internal successors include Ian Buck and Chief Financial Officer Colette Kress. Markets reacted unevenly, with TSMC shares down 2% and SK Hynix off 1.6%, while Samsung Electronics rose 0.8%. In China, AI firms are also worried the scandal could prompt Washington to tighten curbs on remote access to advanced Nvidia chips.