Jensen Huang Resigns as NVIDIA CEO, Taiwan Supply Chain Shipments Stable for Now

陳陳柏宏 證券線記者2026-11-13 13:47

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NVIDIA co-founder Jensen Huang has resigned as CEO, to be succeeded on an interim basis by the CFO. The board stressed the product roadmap remains unchanged. Analysts expect limited near-term impact on Taiwan suppliers, with medium- to long-term focus on AI positioning and supply-chain beneficiaries, while succession execution remains in market focus.

Top Management Change as Jensen Huang Resigns

NVIDIA co-founder Jensen Huang has resigned as President, CEO and director, with CFO Colette Kress serving as interim CEO, and the board appointing Harvey C. Jones as its first Chairman. The board said the Rubin and subsequent product roadmaps have been gradually established, and the product roadmap and customer commitments will continue to advance, with the market focused on succession planning and changes in future business strategy.

Analysts See Limited Impact on Taiwan Suppliers

Analysts believe that although the founder's departure adds near-term uncertainty, near-term supply-chain shipments are not expected to be materially affected. In the medium to long term, focus will be on the new management team's execution, leadership in AI chip technology, and the impact of cloud service providers' in-house ASIC chips on GPU demand. Analysts remain positive on TSMC, Accton, MediaTek and advanced packaging and PCB-related supply chains, which are still expected to benefit from continued AI infrastructure expansion.

AI Servers and Testing/Packaging Chain Stay Strong

Hon Hai 3Q26 benefited from strong AI rack shipments, with revenue NT$3.02 trillion, YoY +46.0%, EPS NT$5.51, 4Q26 estimated revenue NT$3.51 trillion, EPS NT$5.98, estimated 27-year EPS NT$27.30. Accton 3Q26 benefited from volume shipments of 800G switches and AI accelerator cards, with revenue NT$1,207.44 hundred million, QoQ +26.4%, EPS NT$23.39. ASE Technology Holding benefited from advanced testing/packaging volume, with estimated 26- and 27-year EPS of NT$21.54 and NT$33.86 respectively.

Equipment and Niche Groups Take the Baton

Applied Materials FY4Q26 revenue USD 104.09 hundred million, YoY +53.0%, Non-GAAP EPS USD 4.16, estimated 27-year WFE YoY growth over 30.0%, with Foxsemicon and Marketech expected to benefit. Compeq low-orbit satellite V3 products are expected to ramp in 1Q27, with optical module target output value NT$250 hundred million, and estimated 26- and 27-year EPS of NT$7.37 and NT$13.62 respectively. Silergy-KY estimated 26- and 27-year EPS of NT$11.43 and NT$15.61 respectively. Lianyou Metals plans to complete a new plant in September of year 27, adding 6,000 tons of annual tungsten oxide capacity.

FAQ

Who succeeds the management team after Jensen Huang's resignation?

After Jensen Huang resigned as President, CEO and director, CFO Colette Kress serves as interim CEO, and Harvey C. Jones serves as first Chairman, with the product roadmap unchanged.

Will near-term shipments from Taiwan supply chains be affected?

Analysts assess that with the Rubin and subsequent product roadmaps established, near-term impact on Taiwan suppliers is limited, with TSMC, Accton, MediaTek and advanced packaging and PCB supply chains expected to benefit from AI infrastructure expansion.

Which stocks do analysts see with positive outlooks?

Hon Hai, Accton, ASE Technology Holding, Compeq and Silergy-KY all maintain Buy or Strong Buy ratings, while Foxsemicon and Marketech are also favored on semiconductor equipment demand, and Lianyou Metals focuses on tungsten materials capacity expansion.