Nvidia commits to 500bn AI server production in the US

Chipmaker Nvidia says it plans to build artificial intelligence servers worth as much as 500bn in the United States over the next four years with help from partners such as TSMC. Nvidia is the latest US tech firm to back a push by President Donald Trump's administration for local manufacturing. Monday's announcement includes the production of its Blackwell AI chips at TSMC's factory in Phoenix, Arizona, and supercomputer manufacturing plants in Texas by Foxconn and Wistron, which are expected to ramp up in 12 to 15 months. "Adding American manufacturing helps us better meet the incredible and growing demand for AI chips and supercomputers, strengthens our supply chain and boosts our resiliency," Nvidia CEO Jensen Huang said. "Manufacturing AI chips and supercomputers in the US will create hundreds of thousands of jobs in the coming decades," Nvidia said in a statement.