Nvidia CEO Jensen Huang said on Wednesday that the company plans to invest about $150 billion annually in Taiwan, describing the island as the center of the artificial intelligence revolution and predicting that it will maintain its position as a global technology hub for many years to come.
Huang explained that Nvidia was spending between $10 and $15 billion annually in Taiwan four or five years ago, but that figure has now risen to about $100 billion, with expectations that it will reach $150 billion annually in the coming period.
Huang's remarks came during a ceremony in Taipei to mark the launch of the company's planned new headquarters in Taiwan, noting that the foundation stone would be laid this year, with the headquarters expected to begin operations by 2030.
Huang did not specify how long the company would continue to make annual investments of this size.
During the event, which was attended by members of his family and about a thousand employees, he said that Taiwan is experiencing a real boom, adding that the island represents the center of the artificial intelligence revolution, where electronic chips are produced, packaging and systems are manufactured, and from which AI supercomputers have emerged.
He noted that the number of partners Nvidia collaborates with in Taiwan is quite impressive, indicating the pivotal role the island plays in global technology supply chains.
