Nvidia's board has approached Arm Holdings CEO Rene Haas in its search for a potential successor to Jensen Huang, the Financial Times reported on Friday, citing people familiar with the matter.
Haas is among several candidates being considered to succeed Huang, and there is no guarantee he will be offered the job or accept it, the FT reported. Arm declined to comment, while Nvidia did not immediately respond to a Reuters request for comment. Reuters said it could not independently verify the report.
Haas knows Nvidia well. He spent seven years at the chipmaker, rising to vice president and general manager of its computing products business, before joining Arm in 2013. He became Arm's chief executive in 2022 and oversaw the British chipmaker's Nasdaq listing in 2023.
Huang, who co-founded Nvidia and ran it for three decades, stepped down on Thursday after reports of extramarital affairs, including one with a Chinese businesswoman U.S. authorities suspect of spying for Beijing. Chief Financial Officer Colette Kress is serving as interim CEO while the board searches for a permanent successor, considering both internal and external candidates.
Other names in the frame include Nvidia executive Ian Buck, who helped launch AI on Nvidia chips, and Kress herself. President Donald Trump said on Thursday that Apple chief Tim Cook should take the job. Traders on prediction market Polymarket favored Buck as the most likely successor, followed by Kress, Haas and Cook.
Arm's U.S.-listed shares pared losses after the FT report and were down more than 5%. Nvidia has lost about $300 billion in market value since its board announced an investigation on Sunday into Huang's relationship with the businesswoman.
