Nvidia to invest billions in US chip production over four years: Report

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Nvidia plans to invest hundreds of billions of dollars in U.S.-made chips and electronics over the next four years, the Financial Times reported on Wednesday, quoting CEO Jensen Huang.

The artificial intelligence chip giant expects to spend around half-a-trillion dollars on electronics during the four-year period, according to the report.

“I think we can easily see ourselves manufacturing several hundred billion of it here in the U.S.,” Huang told FT, adding that the Trump administration could help accelerate the expansion of the U.S. AI industry.

Huang…



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Nvidia to invest billions in US chip production over four years: Report


Nvidia plans to invest hundreds of billions of dollars in U.S.-made chips and electronics over the next four years, the Financial Times reported on Wednesday, quoting CEO Jensen Huang.

The artificial intelligence chip giant expects to spend around half-a-trillion dollars on electronics during the four-year period, according to the report.

“I think we can easily see ourselves manufacturing several hundred billion of it here in the U.S.,” Huang told FT, adding that the Trump administration could help accelerate the expansion of the U.S. AI industry.

Huang…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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