Nvidia to increase annual investment in Taiwan to $150 billion, up from $100 billion

Nvidia CEO Jensen Huang announced the investment increase during a visit to Taipei, where the company is building a new office. Huang stated that four to five years ago Nvidia was spending about $10–$15 billion a year in Taiwan, and that the company will now spend $100 billion going to $150 billion each year.

Taiwan hosts semiconductor manufacturing powerhouses TSMC and Foxconn, which produce Nvidia's chip designs and assemble data centre servers. Huang described Taiwan as the 'epicentre of the AI revolution' where chips, packaging, systems, and AI supercomputers are manufactured.

Nvidia posted record quarterly revenue of $81.6 billion, a 85 percent jump from the same period a year ago and a 20 percent rise from the prior quarter. Net profit surged to $58.3 billion, more than tripling from $18.8 billion in the year-earlier period.

Nvidia's new office in Taipei will accommodate about 4,000 engineers and serve as a manufacturing and electronics manufacturing hub.