Nvidia plans $150 billion annual investment push in Taiwan, as AI boom accelerates

By Ruqia Shahid for The International News – Nvidia’s CEO reportedly announced on Wednesday that the company aims to invest around $150 billion a year in Taiwan, calling it the “epicenter” of the AI revolution and foreseeing that it will be the global tech heartland for a long time.

Huang shared his thoughts at a launch celebration in Taipei for the chip company’s planned Taiwan headquarters, which he said will break ground this year and aims to become operational in 2030.

Meanwhile, he did not declare a specific timeframe for the number of years the company plans to invest $150 billion annually.

In this connection, Huang said: “ 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.” … Full story

Source: www.thenews.com.pk