Nvidia Announces Plans for AI Technology Production in the US
Nvidia, a US-based semiconductor company, has announced plans to produce artificial intelligence (AI) technology in the United States. The company aims to produce AI technology worth up to $500 billion in the US over the next four years.
Production Facilities
To achieve this goal, Nvidia plans to build two supercomputer factories in Texas in collaboration with Asian contract manufacturers Foxconn and Wistron. Mass production at these facilities is expected to begin within 12 to 15 months.
Partnership with TSMC
Nvidia has partnered with Taiwan Semiconductor Manufacturing Company (TSMC) to advance next-generation packaging for its AI chips, which are also used by Google. This move is expected to further boost the company’s AI technology production.
Investor Confidence
Cathie Wood, a well-known investor, has invested in Nvidia’s shares through her ARK Innovation ETF. This move suggests that the company’s AI technology is expected to drive significant growth in the coming years.
Stock Performance
Nvidia’s stock price has been on the rise, with the company’s shares experiencing significant growth over the past year. The company’s market capitalization has also increased significantly, reflecting its growing presence in the AI technology market.
Key Statistics
- Planned AI technology production in the US: up to $500 billion over four years
- Number of supercomputer factories to be built in Texas: 2
- Expected start of mass production: within 12 to 15 months
- Partner companies: Foxconn, Wistron, and Taiwan Semiconductor Manufacturing Company (TSMC)