Mar 20, 2025 - Technology

Nvidia to spend hundreds of billions in U.S. during Trump's term

Mike Allen

Nvidia CEO Jensen Huang talks to a robot during the keynote at the SAP Center in San Jose on Tuesday. Photo: Josh Edelson/AFP via Getty Images

Nvidia CEO Jensen Huang said in a Financial Times interview that the AI semiconductor giant will spend hundreds of billions of dollars on chips and other electronics manufactured in the U.S. over the next four years.

Why it matters: Nvidia — which surged last year to become one of the world's top most valuable companies amid the AI frenzy — is tilting its supply chain back from Asia in the face of tariff threats, the FT reports.

The big picture: It's another win for President Trump's push to increase U.S. manufacturing, with a parade of corporations announcing American expansion.

"Overall, we will procure, over the course of the next four years, probably half a trillion dollars' worth of electronics in total," Huang told the FT in San Jose, California, where Nvidia is hosting a developer conference known as the "Super Bowl of AI."

"[W]e can easily see ourselves manufacturing several hundred billion of it here in the U.S."

Add Axios on Google

Nvidia to spend hundreds of billions in U.S. during Trump's term

What to read next