NVIDIA's HBM Landscape Shaken by Reports of 1.5GW Leak
NVIDIA CEO Jensen Huang has resigned. The company appointed CFO Colette Kress as interim CEO. With Huang stepping down, NVIDIA has entered an interim management structure, with Chief Financial Officer Colette Kress taking over as interim CEO.
Meanwhile, Singaporean prosecutors indicted a Chinese national executive on charges of illegally procuring 917 NVIDIA servers subject to US export controls. Singapore's prosecutors charged Bingjun Shi, a Chinese national and former director of SuperPi and former COO of NJ Global Financial, with 41 criminal counts. He is accused of procuring 917 servers equipped with restricted NVIDIA hardware under the name of Aperia International between May 2024 and February 2025. Singaporean authorities froze the disposal of real estate worth S$55 million (approximately 57.1 billion won) linked to the case and seized S$1 million (approximately 1.04 billion won) from bank accounts.
Attention is now on whether NVIDIA's 2027 market share map could be shaken following the loss of its leader. Market research firm TrendForce assessed on November 13 that while technology development roadmaps are in place for years to come, execution capability is now being put to the test in the absence of former CEO Huang, who coordinated the ecosystem. TrendForce also projected on the same day that AMD-based AI server market share would reach approximately 10% by 2027.
According to industry sources, NVIDIA's Vera Rubin platform, launched in the second half of this year, is equipped with sixth-generation high bandwidth memory, HBM4, and Samsung Electronics and SK hynix have signed long-term supply contracts.
