Nvidia to build $500bn of US AI infrastructure as chip tariff looms

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The story "Nvidia to build $500bn of US AI infrastructure as chip tariff looms" was covered 1 days ago by The Guardian, a news publisher based in United Kingdom.

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The Guardian 1d ago

Nvidia to build $500bn of US AI infrastructure as chip tariff looms - The Guardian

Quick Summary:

Plan comes after Donald Trump reiterated import threats and chipmaker’s CEO dined at US president’s resortThe chip designer Nvidia has said it will build $500bn (£378bn) worth of artificial intelligence infrastructure in the US over the next four years, in a sign of manufacturers investing in operations on American soil amid Donald Trump’s tariffs.

The announcement comes after Trump reiterated threats on Sunday to impose imminent tariffs on the semiconductors that Nvidia makes mostly in Taiwan, and after the chipmaker’s chief executive, Jensen Huang, dined at the president’s Mar-a-Lago resort earlier this month.Continue reading...

Nvidia’s stock market valuation has ballooned in recent years thanks to huge demand for its AI chips, with the shares rising by more than 1,000% since 2020.