According to reports, Nvidia's CEO stated that it plans to invest hundreds of billions of dollars in manufacturing chips and other electronics in the US over the next four years, shifting its supply chain away from Asia due to Donald Trump's tariff threats.

This substantial spending forecast from the leading semiconductor company follows similar multibillion-dollar investment announcements from other tech giants like Apple, as the effects of Trump's 'America First' trade policies influence the global economy.

“We expect to acquire around half a trillion dollars' worth of electronics over the next four years. We can see ourselves producing several hundred billion of that in the US with ease,” says Jensen Huang, Nvidia’s CEO and co-founder.

The top AI chip manufacturer was now capable of producing its latest systems in the US through partners such as Taiwan Semiconductor Manufacturing Company and Foxconn, and he pointed to increasing competitive pressure from Huawei in China.

Jensen introduced the next iteration of its AI chip, Vera Rubin, outlining his vision for constructing networks of millions of interconnected chips within massive data centers requiring significant power supply.

Jensen says that the belief that the Trump administration could hasten the growth of America’s AI sector. Having the backing of an administration that prioritizes the success of this industry, and ensuring energy is not a hindrance is an excellent outcome for AI in the US.

This month, TSMC revealed a $100 billion investment in chip manufacturing facilities in Arizona, adding to a previously agreed $65 billion investment under the Biden administration.

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Jensen says, “Nvidia's latest Blackwell systems are currently being manufactured in the US. The investment by TSMC in the US significantly enhances our supply chain resilience.”