Musk: “Nvidia Will Lose Key Contracts Without Jensen Huang”

[Financial News]  

SpaceX CEO Elon Musk warned on the 14th (local time) that Jensen Huang’s absence would weaken Nvidia’s grip on its supply chain and cost it key contracts. Huang stepped down as CEO on the 12th amid a series of scandals.
In a post on his social media platform X that day, Musk said, “Jensen did an excellent job managing the supply chain at Nvidia,” noting that “many of these contracts were made with nothing more than a handshake with Jensen, rather than written agreements.” He added, “Without Jensen, at least some key contracts will be gone.”
He also cited remarks by Dylan Patel, founder of semiconductor market research firm SemiAnalysis. In an interview with CNBC, Patel emphasized that former CEO Huang was absolutely critical to Nvidia’s efforts to secure its supply chain.
According to Patel, Jensen Huang used his foresight to visit even small companies in person and persuade them to let Nvidia secure supply ahead of others. But Patel said that now that Huang has left, rivals such as Google are moving to secure supply, raising questions about whether Nvidia can continue to maintain its technological edge and dominance.

[email protected] Song Kyung-jae Reporter