Nvidia’s CEO, Jensen Huang, announced on Wednesday that the company is considering a massive investment in chip manufacturing in the United States, potentially reaching hundreds of billions of dollars. Speaking to the Financial Times, Huang expressed confidence in the ability to manufacture "several hundred billion" worth of chips domestically. He also mentioned that the Trump administration could play a role in strengthening the U.S. artificial intelligence industry.
Huang indicated that Nvidia plans to produce its latest chip systems in the U.S. with the help of Taiwanese suppliers like TSMC and Foxconn. However, he pointed out that the company is facing tough competition from Huawei, a major Chinese telecommunications firm.
During a developer conference in California, Huang discussed the demand for Nvidia’s new Blackwell chips. He noted that orders from four major cloud firms did not fully capture the overall demand, as they excluded smaller providers and startups like Meta Platforms.
The push for domestic manufacturing aligns with the previous administration’s "America First" policies aimed at boosting local production. TSMC recently announced it will invest at least $100 billion to build advanced manufacturing facilities in the U.S., particularly in Arizona. This investment is expected to create thousands of high-paying jobs and support advancements in AI and smartphone technology.
Overall, Huang’s remarks highlight Nvidia’s commitment to expanding its manufacturing capabilities in the U.S. as the tech industry continues to evolve and face new challenges.