Taipei, May 27 (Reuters) – Nvidia’s chief executive said on Wednesday that the semiconductor company plans to invest around $150 billion a year in Taiwan, referring to the country as the ‘epicenter’ of the artificial intelligence revolution and predicting that it will remain the world’s technology manufacturing hub for a long time.
‘Four years ago, five years ago, Nvidia was spending about 10 to 15 billion dollars a year in Taiwan. Now we’re spending 100, going for 150 billion dollars in Taiwan every year,’ CEO Jensen Huang said during a ribbon-cutting ceremony in Taipei for the $5 trillion chipmaker’s planned Taiwan headquarters.
The project will begin this year and aims to be operational in 2030, Huang said. He did not provide a timeframe for the number of years over which the company plans to invest $150 billion.
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The Taiwan headquarters will bring Nvidia closer to TSMC, the world’s largest contract chipmaker, which produces many of the advanced semiconductors driving the trend toward AI and is one of the U.S. tech giant’s top suppliers.
It will also help the world’s most valuable company boost its alliances with other manufacturing partners, including Foxconn, Wistron and Quanta Computer, which play key roles in building AI servers and infrastructure.
‘Taiwan is growing,’ Huang said on stage to a crowd that included his family, around 1,000 employees and Taipei Mayor Chiang Wan-an. He said Nvidia planned to employ 4,000 people at the new location.
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‘Taiwan is the epicenter of the AI revolution. This is where the chips come from, the packaging comes from, this is where the systems are made, this is where Artificial Intelligence supercomputers were created. The number of partners we work with here in Taiwan is incredible.’
Taiwan plays a key role in the global AI supply chain for companies like Nvidia and Apple, and its position is supported by TSMC.
