Kia plans second Indian factory with about $2 billion in supplier-backed spending
The Anantapur project would add 200,000 vehicles in annual capacity and is expected to generate about 12,000 jobs.
Nvidia names Colette Kress interim CEO as Jensen Huang resigns
The chipmaker is searching for a permanent chief executive, while co-founder Huang will also give up his board seat.
Nvidia announced November 12 that Chief Financial Officer Colette Kress would temporarily lead the company following Jensen Huang’s resignation as CEO. Huang, who helped found the chipmaker, is also leaving its board as the company seeks someone to fill the chief executive position permanently.
The leadership transition comes at a company valued at $4 trillion. Huang owns about 3.61% of Nvidia and ranks as its fourth-largest investor. Its chips, capable of handling numerous calculations simultaneously, have become central to artificial intelligence development.
Directors had discussed potentially removing Huang after media reports alleged a relationship with an executive under his supervision, a person with knowledge of the matter said.
Earlier in the month, the board began investigating whether a foreign intelligence operation had targeted Huang. Independent directors were overseeing the inquiry, assisted by external lawyers. When that investigation began, the board also voiced its confidence in Huang.