Stop overpaying - start transferring money with Ogvio. Join the waitlist & grab early Rewards NOW! 🎁
Nvidia Moves AI Chip Production to US With $500 Billion Investment
Key Takeaways
- Nvidia will invest $500 billion to build AI chip and supercomputer sites in Phoenix, Dallas, and Houston;
- The project aims to reduce reliance on overseas factories and improve Nvidia’s supply chain strength;
- The Trump administration praised the decision as part of its push to grow US-based tech manufacturing.
Nvidia, a multinational technology company, is investing $500 billion to build new artificial intelligence (AI) focused manufacturing sites across the United States.
On April 14, the company announced plans to expand operations to Phoenix, Dallas, and Houston, where it will produce its Blackwell chips and supercomputers.
The new facilities will cover around one million square feet. Nvidia expects construction and production to progress over the next two years, with each location helping to support the company’s long-term infrastructure goals.
Did you know?
Subscribe - We publish new crypto explainer videos every week!
How to Trade NFTs Safely? (Animated Explainer For Beginners)
The project is meant to strengthen Nvidia’s supply chain while reducing its dependence on overseas factories.
Nvidia’s CEO Jensen Huang explained that, for the first time, the core systems driving global AI development are being built in the US. He said expanding manufacturing within the country will help the company keep up with increasing demand for AI hardware, while also improving the reliability and stability of its supply chain.
The announcement was welcomed by the Trump administration, which connected Nvidia’s decision to its efforts to bring manufacturing back to the US.
In an April 14 statement, the White House said, "President Donald J. Trump has made US-based chips manufacturing a priority as part of his relentless pursuit of an American manufacturing renaissance, and it’s paying off—with trillions of dollars in new investments secured in the tech sector alone".
Meanwhile, Trump administration officials recently met with senior leaders from the United Arab Emirates (UAE). What was on the agenda? Read the full story.