financetom
Business
financetom
/
Business
/
Market Chatter: Nvidia Plans to Spend Hundreds of Billions on US-Made Electronics Over Four Years
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Nvidia Plans to Spend Hundreds of Billions on US-Made Electronics Over Four Years
Mar 20, 2025 3:44 AM

06:29 AM EDT, 03/20/2025 (MT Newswires) -- Nvidia ( NVDA ) plans to spend several hundred billion dollars worth of chips and electronics manufactured in the US over the next four years, the Financial Times reported late Wednesday, citing chief executive officer Jensen Huang as saying in an interview.

Huang said the chipmaker can now manufacture its latest systems in the US through suppliers such as Taiwan Semiconductor Manufacturing Company ( TSM ) and Foxconn, FT reported.

Huang said the company's newest Blackwell systems are now being built in the US, FT reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Kinder Morgan misses quarterly profit estimates on weak prices, crude volumes
Kinder Morgan misses quarterly profit estimates on weak prices, crude volumes
Oct 17, 2024
(Reuters) -U.S. pipeline operator Kinder Morgan ( KMI ) fell short of Wall Street estimates for third-quarter profit on Wednesday, weighed down by weaker commodity prices and lower crude volumes. The company also projected annual adjusted core profit to be 2% below its forecast, compared to previous expectations of in line or within 1-2% below. Kinder Morgan ( KMI )...
Kinder Morgan misses quarterly profit estimates on weak prices, crude volumes
Kinder Morgan misses quarterly profit estimates on weak prices, crude volumes
Oct 17, 2024
Oct 16 (Reuters) - U.S. pipeline operator Kinder Morgan ( KMI ) fell short of Wall Street estimates for third-quarter profit on Wednesday, weighed down by weaker commodity prices and lower crude volumes. U.S. WTI crude oil prices declined about 8.1% during the reported quarter from a year earlier on concerns over demand and ample supplies. Crude and condensate volumes...
Alcoa, Ignis close to signing joint funding deal for Spain aluminium plant
Alcoa, Ignis close to signing joint funding deal for Spain aluminium plant
Oct 17, 2024
MADRID, Oct 16 (Reuters) - Alcoa ( AA ) said on Wednesday it was progressing toward a strategic cooperation agreement with Spanish renewable energy company Ignis to fund the operation of the U.S. metal producer's aluminium plant in northwestern Spain. Under the proposed deal, Alcoa ( AA ) would contribute 75 million euros ($81 million) and Ignis would make an...
Boeing Shares Are Trading Higher Today: What You Need To Know
Boeing Shares Are Trading Higher Today: What You Need To Know
Oct 17, 2024
Boeing Company ( BA ) shares are trading higher Wednesday. The company is reportedly closing in on a plan to raise approximately $15 billion through a combination of common stock and mandatory convertible bonds. Here’s what you need to know. What To Know: According to Reuters, Boeing ( BA ) plans to issue around $10 billion in new shares and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved