--Nvidia plans to spend hundreds of billions of dollars on chips and other electronics manufactured in the U.S. over the next four years, as it shifts its supply chain from Asia amid President Trump's trade policies, Chief Executive Jensen Huang told the Financial Times in an interview.
--Nvidia will procure "probably half a trillion dollars worth of electronics in total" over the next four years, Huang told the FT, adding that the chipmaker is now able to manufacture its latest Blackwell systems in the U.S. through suppliers, such as TSMC and Foxconn Technology.
--Huang denied reports that Nvidia was involved in discussions to form a consortium with the likes of TSMC to invest in Intel, the FT said.
--Huang said that the U.S.-led efforts to constrain Huawei's advances in producing AI chips have been "done poorly," given Huawei's continued success "in every market they've engaged," the FT quoted Jensen as saying.
Full story: https://www.ft.com/content/3fd3a717-2fbf-42ef-bb08-5baecdeb1985
Write to Sherry Qin at sherry.qin@wsj.com
(END) Dow Jones Newswires
"Nivida to Invest Hundreds of Billions on U.S. Chip Production Over Four Years, FT Reports," at 0355 GMT, misspelled Nvidia in the headline.
(END) Dow Jones Newswires
March 19, 2025 23:59 ET (03:59 GMT)
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