Nvidia CEO Jensen Huang pointed to Taiwan as the "epicenter of the artificial intelligence (AI) revolution" and said the company would invest $150 billion a year (about 207 trillion won).
According to Reuters, Huang said at a local headquarters groundbreaking ceremony in Taipei on the 27th (local time), "Investments in Taiwan that were $10 billion to $15 billion annually 4 to 5 years ago will now surpass $100 billion and increase to $150 billion."
Huang, who is from Tainan, immigrated to the United States at age 9. His parents, wife, and children attended the event. Huang said, "Taiwan is the epicenter of the AI revolution," adding, "Chips, packaging, and AI supercomputers are all made here."
Nvidia's Taiwan headquarters will break ground this year with completion targeted for 2030. The company plans to hire 4,000 people at the new site. It aims to deepen cooperation with TSMC, the world's largest foundry, and expand ties with AI server manufacturing partners such as Foxconn, Wistron, and Quanta Computer. Huang projected that Nvidia's corporate value, with a market capitalization around $5 trillion, will rise further within 3 to 5 years.
AMD also said on the 21st it would invest more than $10 billion (about 13.8 trillion won) in Taiwan's artificial intelligence (AI) sector to expand advanced AI chip production and assembly capabilities. As leading global AI Semiconductor corporations successively expand investments in Taiwan, the local concentration of the related value chain is expected to deepen further.