Nvidia's board courts Arm chief Rene Haas to replace Jensen Huang after his China spy-scandal exit

Nvidia's board has approached Rene Haas, the chief executive of British chipmaker Arm, as it searches for a permanent successor to Jensen Huang, FOX Business reports, citing the Financial Times.

Haas has led Arm since 2022 and spent seven years at Nvidia more than a decade ago. The FT reported that he has a "strong relationship" with Huang and some of Nvidia's board members. "It's a no comment from us," Arm told FOX Business.

Huang, Nvidia's co-founder, resigned Thursday after the company's board investigated his reported affair with a tech executive suspected of being a Chinese intelligence source.

Nvidia named Colette Kress, its executive vice president and chief financial officer since 2013, as interim CEO. "The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates," the company said, thanking Huang for his "immeasurable contributions to the company and the industry."

"Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position," board chair Harvey Jones said.