N Nvidia CEO Jensen Huang says the company plans to invest $150 billion a year in Taiwan.

Nvidia’s chief executive said on Wednesday the chip company plans to invest around $150 billion a year in Taiwan, terming it the “epicentre” of the AI revolution and predicting it will be the world’s tech manufacturing hub for a long time. “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. Latest updates on artificial intelligence news 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. The Taiwan headquarters will bring Nvidia closer to TSMC, the world’s largest contract chipmaker, which makes many of the advanced semiconductors powering the trend towards AI and is a major supplier to the U.S. tech giant. It will also help the world’s most valuable company boost its alliances with other manufacturing partners including Foxconn, Wistron and Quanta Computer, which all play key roles in the build-out of AI servers and infrastructure.

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