Nvidia board approaches Arm chief Rene Haas in CEO search after Huang resigns

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Nvidia board approaches Arm chief Rene Haas in CEO search after Huang resigns
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Nvidia's board has approached Arm chief executive Rene Haas as it searches for a successor to Jensen Huang, according to people familiar with the matter cited by the Financial Times. Huang resigned after an infidelity scandal, and Haas is one of several candidates.

Nvidia's board has approached Rene Haas, the chief executive of Arm, in its search for a new leader, the Financial Times reported, citing people familiar with the matter. The search follows Jensen Huang's resignation over an infidelity scandal.

However, there is no guarantee Haas will be offered the job or accept it, the people said. He is among a number of candidates.

A board steadies a $4tn company

Nvidia's board is trying to steady the $4tn AI chip giant after revelations that Huang had affairs with at least one subordinate and with a client whom US intelligence suspects of being a Chinese spy, the FT said.

Huang announced his resignation on Thursday after 33 years in charge. Harvey Jones, a board member since the company's founding in 1993, became its first chair, and chief financial officer Colette Kress is serving as interim chief executive.

The board is also overseeing an independent probe into Huang's conduct, led by a former federal prosecutor.

Why Haas, and who else is in the running

Haas has led the SoftBank-backed UK chip company since 2022. He worked at Nvidia for about seven years before leaving in 2013 to join Arm, and he still has a strong relationship with Huang and some board members. Huang mentored him during that time.

The FT described Haas as one of the few outsiders who could step in, alongside Lisa Su, head of rival AMD. Internal candidates include Kress and Ian Buck, head of Nvidia's data centre business.

The two companies share a history. Nvidia attempted to acquire Arm for $40bn in 2020, but the deal fell through because of regulatory concerns. This year, Arm launched its own complete AI chip, which put it in direct competition with its own customers.

Haas has also built a close relationship with SoftBank chief executive Masayoshi Son, and he was appointed to lead SoftBank's international business in April. Arm declined to comment, and Nvidia did not immediately respond to a request for comment.

Source: Financial Times

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