Nvidia is looking for a successor to Jensen Huang, and Rene Haas, the head of Arm Holdings, is among the candidates being considered

Nvidia’s board of directors has begun searching for a successor to Jensen Huang, who announced on Thursday that he was stepping down as chief executive officer and chairman of the board. According to the Financial Times, the company is already in discussions with Rene Haas, the CEO of Arm Holdings, but he is only one of the candidates being considered, and there are no guarantees that he will be offered the position or accept it.

Haas has significant experience at Nvidia, where he worked for seven years. He held the positions of vice president and general manager of the computing products division before leaving for Arm Holdings in 2013. There, he held several executive positions and became CEO in 2022.

Huang’s departure, as Nvidia’s co-founder and major shareholder, comes at a sensitive time for the company, valued at approximately 4,000 billion dollars and at the center of the artificial intelligence boom. The leadership change could affect Nvidia’s strategy, relationships with suppliers and AI labs, as well as U.S. policy on chip exports to China.

The resignation comes after reports emerged about Huang’s relationship with Alice Huang, who is associated with a company investigated by U.S. authorities over alleged ties to Chinese intelligence services. Nvidia has not yet announced a successor.