Athira Sethu
Kochi, 13 November 2026
The long-serving chief executive and co-founder of Nvidia Corporation, Jensen Huang, has stepped down due to rumors about his personal affairs and fears of security threats.
This was announced by the company on November 12, 2026, and its CFO and Colette Kress were named interim CEO.
Sudden leadership changes at one of the biggest makers of AI chips in the world have generated curiosity about their effects on the Indian tech industry.
Why did Jensen Huang Step Down?
Step-downs at Nvidia came due to reports of extramarital affairs, where one involved an alleged Chinese spy.
This is seen as a security threat for America. But Nvidia claims that it has no reason to believe any of its secrets or those of national security were betrayed in the process.
An independent investigation is being carried out.
Huang was instrumental in making Nvidia what it is today – a leading name in artificial intelligence and computer chips.
Why is Nvidia Important for India?
It produces sophisticated chips required in applications of artificial intelligence, data centers, and advanced computing.
A lot of Indian tech companies either manufacture products using Nvidia products or invest in firms related to AI infrastructure.
Therefore, any alterations in the product strategy, chip supply or business strategy by Nvidia may have an impact on the Indian companies.
As of now, there is no known disruption to these Indian firms by Nvidia.
Netweb Technologies and E2E Networks
Netweb Technologies produces advanced computing systems and AI servers.
It uses Nvidia Blackwell technology in some of its products.
E2E Networks offers cloud computing solutions with Nvidia GPUs like H100, H200 and Blackwell chips.
It has also made a ₹1,000 crore AI infrastructure deal with Nvidia technology.
Both the companies could be impacted in case of any disruption in chip supply and new product launches by Nvidia.
AI Infrastructure Development by Reliance and Airtel
Reliance Industries is developing AI infrastructure; one of the examples of such development includes the construction of an AI-enabled data centre with the capacity of 168 MW in Jamnagar, Gujarat in partnership with Meta.
Bharti Airtel has also been expanding its data-centre-related business via Nxtra Data.
The company made a $1 billion investment in Nxtra in March 2026 for expansion purposes.
Shifts in the AI infrastructure of other global companies could affect the entire data-centre industry.
Expansion of the Semiconductor Manufacturing Business by Indian Companies
Two of such companies are CG Power and Kaynes Technology.
CG Power’s subsidiary company CG Semi launched its operations in Sanand in July 2026.
Meanwhile, Kaynes Technology’s subsidiary company Kaynes Semicon launched operations in Sanand in March 2026.
Both of these companies operate within India’s semiconductor industry and yet their business is not dependent on Nvidia alone.
What’s Next?
As for the next steps, Nvidia stated that its operations, customers’ orders and product plans will continue uninterrupted.
The company is looking for a new CEO after appointing CFO, Colette Kress as Nvidia’s interim CEO.
