Nvidia CEO Brands Taiwan 'Epicentre' of AI Revolution
Jensen Huang said the new headquarters will start construction this year and be completed in 2030 as Nvidia deepens ties to TSMC and partners.
- On May 27, Nvidia CEO Jensen Huang announced plans to invest around $150 billion annually in Taiwan, describing it as the 'epicenter of the AI revolution' during a launch event in Taipei for the company's new headquarters.
- Huang's investment reflects a tenfold increase from spending levels four to five years ago, when Nvidia allocated $10 billion to $15 billion annually in Taiwan, as Taiwan revenue surged more than 50% while mainland China and Hong Kong revenue halved.
- The $150 billion annual outlay exceeds Nvidia's record quarterly revenue of $81.6 billion, and the new Constellation headquarters will position the company closer to TSMC, the world's largest contract chipmaker manufacturing Nvidia's advanced semiconductors.
- Taiwan's Taiex stock index climbed 1.7% to a record close Wednesday, with TSMC rising 1.3%, MediaTek gaining 8.8% and Delta Electronics up 7.2%, while Huang told Taipei Mayor Chiang Wan-an that 'AI labor needs electricity' to support manufacturing growth.
- Huang's $150 billion Taiwan commitment exceeds the company's $125 billion annual average U.S. AI infrastructure spending, though venture capitalist Chamath Palihapitiya warned earlier this month Taiwan could lose importance in 18 months due to U.S.-based Neuralink advances.
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The company's vote of confidence is important in the midst of the persistent concerns that Beijing will one day act against Taiwan, a territory that China regards as its
Nvidia CEO brands Taiwan 'epicentre' of AI revolution
Nvidia's chief executive has said the chip company plans to invest around $150 billion a year in Taiwan, terming it the "epicentre" of the AI revolution and predicting it will be the world's tech manufacturing hub for a long time.
Jensen Huang Says Nvidia Will Pour $150 Billion A Year Into 'Booming' AI Hub Taiwan - Advanced Micro Devi
Nvidia Corp. (NASDAQ:NVDA) CEO Jensen Huang has announced its plan to invest about $150 billion annually in Taiwan, positioning the country as the “epicentre” of the AI revolution. Nvidia’s investment in Taiwan has seen a substantial increase over the years. “Four years ago, five years ago, Nvidia was spending about 10, 15 billion dollars a year in Taiwan. Now we’re spending 100, going to 150 billion dollars in Taiwan each year,” Huang stated du…
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