Nvidia CEO Jensen Huang has reportedly resigned amid controversy over allegations of his close links with a Chinese woman suspected of having connections with Chinese intelligence. The report also claims that Colette Kress, the company's current Chief Financial Officer (CFO) and Executive Vice President, has been appointed as interim CEO.

According to a report published by The New York Times on October 29, the controversy involves Huang's alleged close meetings with a woman identified as Alice. She is said to be a former official of Singapore-based company Megaspeed and is alleged to have worked for Chinese intelligence.

The controversy has reportedly affected Nvidia's market value, with claims that the company's valuation declined by around ₹27 lakh crore following the developments.

Who Is Colette Kress?

Colette Kress joined Nvidia in 2013 and has served as the company's Chief Financial Officer. Before joining Nvidia, she held positions at Microsoft and Cisco.