Investing.com -- Nvidia will spend hundreds of billions of dollars on U.S.-made chips and electronics components over the next four years, CEO Jensen Huang said in an interview with the FInancial Times.
Shares of NVIDIA (NASDAQ:NVDA) gained 1.6% in early trading Thursday following the comments.
Huang said Nvidia will procure “probably half a trillion dollars worth of electronics in total” over that span of time, and that the semiconductor titan sees itself manufacturing “several hundred billion of it here in the U.S."
Huang told the FT that Nvidia was now able to manufacture its latest systems through U.S. suppliers such as TSMC (NYSE:TSM) and Foxconn, and that he saw a growing competitive threat from Chinese electronics giant Huawei.
His comments mirror commitments from several other major tech CEOs to spend more money in the United States. Earlier in March, Apple (NASDAQ:AAPL) had vowed to spend hundreds of billions of dollars to bolster its U.S. operations.
The possible supply chain changes also come as President Donald Trump is threatening to impose steep trade tariffs on several major U.S. trading partners, sending local firms scrambling to find alternative sources for key materials.
Huang told the FT that he believed the Trump administration could support the U.S. artificial intelligence industry, and that Nvidia’s latest-generation Blackwell line of chips were being produced in the U.S.
TSMC -- a major Nvidia supplier -- has invested heavily in its U.S. production capacity, with a bulk of its investment coming under the Biden-era CHIPS Act, which provided $52.7 billion in government-backed funding for semiconductor chips manufacturing.
(Scott Kanowsky contributed reporting.)