Key facts
- South Korea's Ministry of Science and ICT said Nvidia's existing partnership commitments to Seoul remain intact after Huang's exit.
- The ministry said it held a meeting with Nvidia officials on Friday, a day after Huang resigned as CEO.
- Huang resigned from all positions at Nvidia, including president, CEO and board director, on Thursday, per the Korea JoongAng Daily report.
- Nvidia's board appointed Chief Financial Officer Colette Kress as interim CEO, the report said.
- The board opened an independent investigation on Sunday into reports Huang was the target of a foreign intelligence effort, the report said.
- The board said it had no reason to believe national security or company secrets had been compromised, per the report.
South Korea's Ministry of Science and ICT said Nvidia's existing partnership commitments to Seoul remain intact despite the departure of Jensen Huang from the artificial intelligence chipmaker, according to a report published on November 15, 2026. The ministry said it held a meeting with Nvidia officials on Friday, a day after Huang resigned as the company's CEO.
The Korea JoongAng Daily reported that Huang resigned from all his positions at Nvidia, the company he co-founded, on Thursday, stepping down as president, CEO and a member of the board of directors. The board appointed Chief Financial Officer Colette Kress as interim CEO, the report said.
The report said the board opened an independent investigation on Sunday into reports that Huang had been the target of a foreign intelligence effort, saying it had no reason to believe national security or company secrets had been compromised. Beijing has dismissed the spying allegations, the report said.
Uncertainty remains over Nvidia's future purchasing plans and AI investment strategy under new leadership, the report said, with remarks by Elon Musk and others suggesting much of the cooperation may have relied on Huang's personal verbal commitments. For Samsung Electronics and SK hynix, whose high bandwidth memory chips are components of Nvidia's AI processors, the report said existing long-term supply agreements are unlikely to face significant disruption.
According to SK hynix's business report for the first half of the year, a single customer accounted for 13.35 percent of its total revenue, or approximately 17.6 trillion won ($13.2 billion). Korean media outlets including Seoul Economic Daily have identified that customer as Nvidia, although SK hynix has not publicly confirmed its identity, the report said.
Daishin Securities estimates that SK hynix will account for 55 percent of Nvidia's sixth-generation HBM4 supply this year, followed by Samsung with 28 percent and Micron Technology with 17 percent, according to the report. Counterpoint Research said Samsung held 38 percent of the global DRAM market by revenue in the third quarter, with SK hynix at 29 percent.