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Nvidia has named Colette Kress as interim CEO following Jensen Huang's resignation on Thursday, after 33 years at the helm. Kress, who joined the California-based chipmaker in 2013, previously served as chief financial officer, according to the Korea Times and Business Korea. The resignation came amid reports of two extramarital affairs, including one with a suspected Chinese spy, which Huang admitted to in a statement on Sunday, KBS World reports. The board's decision followed a Wall Street Journal report that it was preparing to oust him, and U.S. President Donald Trump suggested former Apple CEO Tim Cook should replace Huang, the Korea Times reports. Korean reaction has focused on fallout: the government convened an emergency meeting Friday to discuss implications for South Korea's AI industry, Hyundai Motor Group's autonomous driving strategy faces a critical juncture, and Nvidia's forward P/E ratio fell to around 12 times, its lowest in 14 years, as shares tumbled, Business Korea reports. Despite this, the KOSPI opened 2.05% higher, touching 5,500 as chip stocks rallied.