The huge spending forecast by Nvidia, the world's most valuable semiconductor group, comes after other technology companies such as Apple announced plans to make huge investments in the United States. The impact of Trump’s “America First” trade policy is affecting the global economy.
"Overall, we're going to be purchasing about $500 billion worth of electronics over the next four years," Huang said. "I think we could easily see ourselves producing hundreds of billions of that in the United States."
In a wide-ranging interview, Huang said the leading artificial intelligence chip maker is now able to produce its latest systems in the United States through suppliers such as TSMC and Foxconn.
This week, at Nvidia's annual GTC developer conference, Huang unveiled VeraRubin, the next-generation artificial intelligence chip, outlining plans to build clusters of millions of interconnected chips in giant data centers that will require huge power supplies. Huang said he believes the Trump administration may accelerate the development of the U.S. artificial intelligence industry. “Having the support of an administration that cares about the industry’s success and doesn’t allow energy to be a barrier is a fantastic outcome for AI in the United States,” he said.
This month, TSMC announced a $100 billion investment in a chip manufacturing plant in Arizona, adding to the $65 billion agreed upon during the Biden administration. Huang Renxun said that Nvidia’s latest Blackwell system is currently being produced in the United States. “TSMC’s investments in the U.S. significantly increase the resiliency of our supply chain.”
Huang denied reports that Nvidia was involved in discussions to form a consortium with companies such as TSMC to invest in Intel, nor did he commit to using Intel's U.S. chip manufacturing services as part of onshoring. "We regularly evaluate their foundry technology and we continue to do so," he said, adding that Nvidia is also considering Intel's chip packaging services. “We look for opportunities to become their customers.”
Huang said he has "full confidence in Intel's ability to do this," referring to Intel's ability to compete in advanced chip technology. Intel's success is important, he added, "but it will take some time to convince yourself and the other party that a new supply chain should be established."