Nvidia invests hundreds of billions of dollars in chip manufacturing in the US
Nvidia plans to invest hundreds of billions of dollars in chip and electronics manufacturing in the United States over the next four years. This information was reported by the Financial Times on Wednesday, citing the words of CEO Jensen Huang. The move is part of a broader strategy to strengthen U.S. manufacturing and reduce dependence on Asian supply chains.
According to the report, Nvidia expects $NVDA spending on electronics of about half a trillion dollars over a four-year period. "I don't think it's unrealistic for us to produce several hundred billion dollars worth of chips and electronics in the US," Huang told the Financial Times. He also added that former President Donald Trump's administration could accelerate the expansion of the US AI-focused industry.
This massive investment plan comes at a time when the US is seeking to reduce its reliance on Asian manufacturing capabilities, particularly in Taiwan and China. Nvidia is looking to diversify its supply chain and contribute…
I couldn't find any details anywhere on exactly what they want to invest in. They don't produce anything so what exactly do they want to buy? Will they team up with TSM for new fabs in the US?