Nvidia to invest billions in US chip production over four years, FT reports


FILE PHOTO: Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference (GTC) at the SAP Center in San Jose, California, U.S. March 18, 2025. REUTERS/Brittany Hosea-Small/File Photo

(Reuters) -Nvidia plans to invest hundreds of billions of dollars in U.S.-made chips and electronics over the next four years, the Financial Times reported on Wednesday, quoting CEO Jensen Huang.

The artificial intelligence chip giant expects to spend around half-a-trillion dollars on electronics during the four-year period, according to the report.

"I think we can easily see ourselves manufacturing several hundred billion of it here in the U.S.," Huang told FT, adding that the Trump administration could help accelerate the expansion of the U.S. AI industry.

Nvidia did not immediately respond to a Reuters request for comment.

(Reporting by Surbhi Misra in Bengaluru; Editing by Sherry Jacob-Phillips)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

OpenAI indefinitely pauses plans to release erotic chatbot, FT says
US jury verdicts against Meta, Google tee up fight over tech liability shield
Rohm, Toshiba, Mitsubishi Electric to begin power chip integration talks, Nikkei says
South Korea to invest $166 million in AI chip startup Rebellions
In NYC classes, teachers can use AI to plan but not to assign grades
Google top India counsel quits in latest departure amid regulatory hurdles, sources say
Uber, Pony.ai and Verne team up to launch Europe's first robotaxi service in Croatia
The EU’s biggest test for device makers: Replaceable batteries
US activists work to connect Iranians via Starlink
New on the iPhone: Shazam songs even when offline with iOS 26.4

Others Also Read