Elon Musk Wants to Poach Jensen Huang From Nvidia?

Starlink, a company owned by American billionaire Elon Musk (Made by ChatGPT)

[People News] On Thursday (November 12), the announcement of NVIDIA CEO Huang Renxun's resignation sent shockwaves around the globe, causing the company's stock price to plummet.

On the evening of Wednesday (November 11), just before Huang Renxun's resignation, the financial blog Zerohedge took to social media platform X to post: "Elon, please hire Huang Renxun."

Musk responded, "It would be my honour."

Fans chimed in, with one saying, "Imagine Elon hiring Huang Renxun to lead Terafab." Another added, "That would be the most interesting outcome."

Musk is currently building a Terafab chip factory in Grimes County, Texas. This project is a joint venture between Tesla and SpaceX, spearheaded by Musk in collaboration with Intel Corp., with an initial investment exceeding $15 billion. Last month, Musk mentioned that although he does not yet understand chip manufacturing, he is confident he will find a way to create "better chips than anyone else."

Experts predict that Musk will acquire NVIDIA and form a golden partnership with Huang Renxun.

Brivael Le Pogam, the CEO and CTO of Argil AI, shared his predictions on the X platform regarding Elon Musk's intention to hire Jensen Huang. He mentioned that Musk plans to appoint Huang to lead the Terafab project, which is specifically designed for him. Musk aims to create the largest chip factory in history, producing chips that can deliver one terawatt of computing power annually, with the entire process from design to packaging integrated within the same facility.

Le Pogam pointed out that Terafab faces the challenge of establishing an industrial system that has taken decades to develop in just a few years. There is only one person on the planet who truly understands every layer of this technology stack. If Musk and Huang collaborate, they could propel this project forward at an almost unprecedented speed and intensity.

"Musk brings speed, capital, and a willingness to take risks; Huang contributes thirty years of comprehensive expertise across the entire technology ecosystem, including chip architecture, software, customer relations, and supply chains. Musk's unmatched speed in factory construction, combined with Huang's clear understanding of what these factories require, makes them the only golden partnership capable of condensing a decade of development into just three years."

Le Pogam also predicts that Musk will eventually acquire Nvidia. He stated that Nvidia, having lost its founder Jensen Huang, is likely to repeat the fate of many companies that struggle after losing their founders: becoming mired in mediocre daily management, fighting to maintain profit margins, and gradually losing competitive advantages due to the emergence of chips developed independently by customers. Ultimately, this could make Nvidia a target for acquisition.

Le Pogam further forecasts that after Musk acquires Nvidia, Jensen Huang will once again lead the chip business. He acknowledged that this may sound outrageous, but a similar scenario occurred years ago with Steve Jobs, who was ousted from Apple but returned when Apple acquired NeXT.

Jensen Huang Resigns, Nvidia's Stock Price Plummets

Following Jensen Huang's admission of an extramarital affair scandal and his involvement in a Chinese Communist Party spy controversy last weekend, the leader who has been at the helm of Nvidia for 33 years has faced significant pressure. Several U.S. Congress members have called for his resignation. On Wednesday evening, Nvidia's board of directors convened to decide whether to remove CEO Jensen Huang. The board announced on Thursday that Huang has resigned from the position he held for 33 years.

In response to this news, Nvidia's stock price dropped over 10% at Thursday's opening. Since reaching its peak on October 6, the market value of this artificial intelligence chip giant has decreased by $2.1 trillion. The reduction in its market value (from $5.77 trillion to $3.64 trillion) has now exceeded the combined current market values of SpaceX, Tesla, and Meta Platforms. △