Huang owns more than 870 million shares, or about 3.6% of the company, and is worth $145 billion (£109 billion), according to Bloomberg, making him the world’s 13th richest person.
Nvidia’s stock has tumbled with the news and is down more than 11% in the past few days.
Nvidia is one of the most consequential technology companies in the world and one of the most valuable, with a market capitalization of more than $4 trillion.
Unlike many of his contemporaries at other leading technology companies, Huang has dozens of direct reports, an unusual management structure that emphasizes his control over the company.
Major technology industry figures, including Elon Musk, have also thrown their support behind Huang.