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00:02NVIDIA CEO Jensen Huang announced plans to invest $150 billion annually in Taiwan,
00:08up from $10 to $15 billion four to five years ago, and the current rate of $100 billion,
00:15according to Reuters. Huang made the announcement at a launch celebration in Taipei for NVIDIA's
00:21planned Taiwan headquarters, which will break ground this year and aims to be operational in
00:262030. He called Taiwan the epicenter of the AI revolution and said NVIDIA plans to employ
00:324,000 people at the new site. The headquarters will strengthen NVIDIA's ties with TSMC,
00:38Foxconn, Wistron, and Quanta Computer. Taiwan anchors the global AI supply chain for major companies,
00:45including NVIDIA and Apple, with TSMC at the foundation of that role.
00:50Advanced Micro Devices said last week it would invest more than $10 billion in Taiwan's AI sector.
00:56For all things money, visit Benzinga.com.
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