Jensen Huang, NVIDIA chief executive officer (CEO), called Taiwan the "epicenter of the AI revolution" and said he would expand the company's investment in Taiwan to as much as $150 billion (225 trillion won) a year.
According to Reuters and others on the 27th, Huang said at the groundbreaking ceremony for NVIDIA's Taiwan headquarters in Taipei that "investment in Taiwan, which was $10 billion to $15 billion a year 4 to 5 years ago, will now exceed $100 billion and increase to $150 billion."
He emphasized, "Taiwan is the epicenter of the AI revolution," adding, "Chips, packaging, and AI supercomputers are all being made here."
Huang, who is from Tainan, Taiwan, immigrated to the United States at age 9. His parents, wife, and children attended the event.
NVIDIA's Taiwan headquarters broke ground this year and is slated for completion in 2030, after which the company plans to employ about 4,000 people. NVIDIA plans to strengthen its collaboration with Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest semiconductor foundry, while also expanding cooperation with AI server manufacturing partners including Foxconn, Wistron, and Quanta Computer.
Earlier, on the 21st, AMD also said it would invest more than $10 billion (15 trillion won) in Taiwan's AI industry to expand advanced AI chip production and assembly capacity.