"Taiwan is the epicentre of the AI revolution," CEO Jensen Huang says.

"Four years ago, five years ago, Nvidia was spending about 10, 15 billion dollars a year in Taiwan. Now we're spending 100, going to 150 billion dollars in Taiwan each year," CEO Jensen Huang said at a launch celebration in Taipei for the $5 trillion chipmaker's planned Taiwan headquarters. Sign up here. The project will break ground this year and aims to be operational in 2030, Huang said. He did not provide a timeframe for the number of years the company ⁠plans to invest $150 billion. "Taiwan is booming," Huang said on stage to a crowd including his family, around 1,000 employees and Taipei Mayor Chiang Wan-an. He said Nvidia planned to employ 4,000 people at the new site. "Taiwan is the epicentre of the AI revolution. This is where the chips come, packaging comes, this is where the systems are made, this is where AI supercomputers were created. The number of partners we work with here in ‌Taiwan, incredible." Huang ⁠was born in the southern city of Tainan, Taiwan's historic capital, and Wednesday's launch was attended by his parents, and his wife, daughter and son. He emigrated to the United States at the age of 9, and has somewhat of a rockstar status in Taiwan, where his every move is followed closely. Earlier this month Huang was part of the delegation that accompanied U.S. President Donald Trump on a trip to Beijing for a summit with Chinese President Xi Jinping. Nvidia made history late last year when it became the first company to reach $5 trillion in market value, cementing its place at the centre of the global AI boom, and Huang said on Wednesday it will be worth even more in three ⁠to five years. Last week, Nvidia aimed to assure investors that it can keep up its blockbuster growth with the help of a broad base of customers and that new products will help it beat the $1 trillion in sales it has forecast for its flagship AI chips. Reporting by Wen-Yee Lee in Taipei; Editing by Anne Marie Roantree, Muralikumar Anantharaman and John Mair

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