Nvidia is planning gigantic investments in the US AI industry!
Nvidia plans to invest 458.84 billion euros in the USA by 2029 to strengthen the AI industry with suppliers.
Nvidia is planning gigantic investments in the US AI industry!
Nvidia plans to dramatically increase its commitment in the USA! The world's largest manufacturer of AI chips announced that it would invest several hundred billion dollars over the next four years to expand local production. According to the Financial Times, CEO Jensen Huang explained that Nvidia expects to invest around 458.84 billion euros in electronics. In addition to boosting local manufacturing, this spending could accelerate the expansion of the AI industry in the United States, influenced by the Trump administration's policies that emphasize national production and innovation, Huang said Krone.at reported.
Another cornerstone of this strategy is cooperation with prominent suppliers such as TSMC and Foxconn, who also want to operate in the USA. Huang said TSMC's investments bring about a significant improvement in supply chain resilience. This could enable Nvidia to produce its latest chips and systems locally more efficiently and safely. Huang sees the focus on the US as part of a broader initiative to ensure NVIDIA's competitiveness and innovation, and reflects the company's commitment, which is crucial in the current global economic context Manager Magazine outlines.