The Verge reports Nvidia has announced Jensen Huang’s resignation

The Verge reports that Nvidia announced Jensen Huang’s resignation after The Wall Street Journal reported that the board could meet to decide his future. TechCrunch says Nvidia had no obvious successor or succession plan, and that the company was working with an outside firm to identify potential replacements, according to Bloomberg. The stock fell about 8% in after-hours trading and was down roughly 11% over five days, TechCrunch reported.

The crisis includes reports that Huang admitted to an affair with a woman U.S. intelligence had purportedly identified as a Chinese spy, as well as an allegation published by The New York Times that he had a relationship with a subordinate executive. The Verge also cites questions about Nvidia’s business in China, including Megaspeed and allegations involving Super Micro; the material says neither Charles Liang nor Super Micro has been charged.