Nvidia Plans Massive Outlay on US-Made Electronics, FT Says

Chief Executive Officer Jensen Huang told the FT that the latest chips designed by his company, and Nvidia-powered servers for information centers, tin present beryllium produced astatine US-based factories operated by Taiwan Semiconductor Manufacturing Co. and Foxconn Technology Group. It marked a large measurement guardant successful proviso concatenation resilience for the Santa Clara, California-based chipmaker, Huang added.

Nvidia this week hosted its GTC developer conference, wherever Huang, 62, said his institution yet plans to displacement manufacturing onshore. It’s already utilizing TSMC’s Arizona mill to assistance nutrient immoderate of its highly prized graphics processing units, which person go the astir indispensable constituent for the existent question of AI investment.

Shares successful TSMC and different Nvidia suppliers, specified arsenic SK Hynix Inc. successful South Korea, roseate successful the aftermath of the report. In its 2024 yearly report, Nvidia said it had $20 cardinal successful full aboriginal acquisition commitments arsenic of January 28, 2024.

Huang, who successful January met President Donald Trump, lauded the caller administration’s enactment for the processing artificial quality assemblage and told the FT it was “a phenomenal effect for AI successful the US.” He besides praised TSMC — the sole shaper for Nvidia’s astir precocious AI chips — for expanding its concern successful the US.

TSMC, Taiwan’s astir invaluable company, and its peers are rapidly making the US the apical precedence of their enlargement plans, arsenic tariff threats by the Trump medication hasten plans to acceptable up successful the country. TSMC CEO C.C. Wei this period announced an further $100 cardinal successful concern successful the US, alongside Trump successful the White House, and Foxconn is moving with Apple Inc. to adhd an AI server assembly tract successful Texas.

(Updates with further details from interrogation and Nvidia’s GTC)

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