financetom
Business
financetom
/
Business
/
Nvidia denies $1 billion investment in northern Mexico
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nvidia denies $1 billion investment in northern Mexico
Nov 12, 2025 11:04 AM

MEXICO CITY, Nov 12 (Reuters) - Nvidia ( NVDA ) on

Wednesday denied plans to invest $1 billion in the northern

Mexican state of Nuevo Leon, hours after the state governor

touted the firm's plans to build a data center there.

"Nvidia ( NVDA ) does not have financial investment plans in Nuevo

Leon," the firm said in a statement to Reuters. "The company's

support for digital transformation and technological progress in

Latin America is based exclusively on cooperation initiatives,

research and talent development."

Earlier in the day, Nuevo Leon Governor Samuel Garcia said

in a message shared on social media that Nvidia ( NVDA ) was planning to

spend $1 billion to build a so-called green data center focusing

on artificial intelligence in the state.

Garcia made the announcement in a video message uploaded to

social media, flanked by representatives from Nvidia ( NVDA ).

It was not immediately clear who the Nvidia ( NVDA ) representatives

were or why they did not dispute the governor's claim.

Nvidia ( NVDA ) did not immediately answer a request for

clarification from Reuters on those topics or what the future of

the purported data center was.

The Nuevo Leon state government did not immediately respond

to a request for comment.

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 >
BRIEF-Figma Expected To Price IPO Above Range At $33 Per Share - Bloomberg News
BRIEF-Figma Expected To Price IPO Above Range At $33 Per Share - Bloomberg News
Jul 30, 2025
July 30 (Reuters) - * FIGMA EXPECTED TO PRICE IPO ABOVE RANGE AT $33 PER SHARE - BLOOMBERG NEWS Source text: https://tinyurl.com/365m52cx Further company coverage: ...
Albany International Names Willard Station as CFO
Albany International Names Willard Station as CFO
Jul 30, 2025
05:58 PM EDT, 07/30/2025 (MT Newswires) -- Albany International ( AIN ) said late Wednesday its board named Willard Station as chief financial officer and executive vice president, starting Sept. 1. Station was also appointed as principal financial officer, and he succeeds interim CFO Jairaj Chetnani, according to a statement. Station most recently served as senior vice president of Primary...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Healthcare REIT Ventas raises annual FFO forecast on steady demand for senior housing
Healthcare REIT Ventas raises annual FFO forecast on steady demand for senior housing
Jul 30, 2025
July 30 (Reuters) - Ventas ( VTR ) raised annual forecast for normalized funds from operations (FFO) on Wednesday, expecting strong demand for its assisted living and senior housing properties. The healthcare real estate investment trust owns and leases senior housing and healthcare properties across the United States and the United Kingdom, including outpatient medical buildings and research centers. The...
Copyright 2023-2026 - www.financetom.com All Rights Reserved