(Bloomberg) — Nvidia Corp. goals to spend several hundred billion dollars to acquire US-made chips and electronics over the following 4 years, the Financial Times reported.
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Chief Executive Officer Jensen Huang told the FT that the most recent chips designed by his company, and Nvidia-powered servers for data centers, can now be produced at US-based factories operated by Taiwan Semiconductor Manufacturing Co. and Foxconn Technology Group. It marked a serious step forward in supply chain resilience for the Santa Clara, California-based chipmaker, Huang added.
Nvidia this week hosted its GTC developer conference, where Huang, 62, said his company ultimately plans to shift manufacturing onshore. It’s already using TSMC’s Arizona factory to assist produce a few of its highly prized graphics processing units, which have change into probably the most essential component for the present wave of AI investment.
Shares in TSMC and other Nvidia suppliers, equivalent to SK Hynix Inc. in South Korea, rose within the wake of the report. In its 2024 annual report, Nvidia said it had $20 billion in total future purchase commitments as of January 28, 2024.
Huang, who in January met President Donald Trump, lauded the brand new administration’s support for the developing artificial intelligence sector and told the FT it was “an exceptional result for AI within the US.” He also praised TSMC — the only real manufacturer for Nvidia’s most advanced AI chips — for expanding its investment within the US.
TSMC, Taiwan’s most precious company, and its peers are rapidly making the US the highest priority of their expansion plans, as tariff threats by the Trump administration hasten plans to establish within the country. TSMC CEO C.C. Wei this month announced a further $100 billion in investment within the US, alongside Trump within the White House, and Foxconn is working with Apple Inc. so as to add an AI server assembly site in Texas.
(Updates with additional details from interview and Nvidia’s GTC)
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