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Nvidia $NVDA -2.25% CEO Jensen Huang announced plans Wednesday to invest around $150 billion a year in Taiwan and break ground on a new headquarters in Taipei by the end of 2025, describing the island as "the epicentre of the AI revolution."
Speaking at a launch celebration attended by roughly 1,000 employees, Taipei Mayor Chiang Wan-an, and his own family, Huang said Nvidia's annual spending in Taiwan had risen from around $10 billion to $15 billion four or five years ago to its current level, and would climb to $150 billion, according to CNBC. He did not specify how many years the $150 billion annual commitment would run, according to Reuters.
Set to open in 2030, the Constellation campus in northern Taipei is sized for 4,000 workers — a figure that would quadruple the roughly 1,000 people Nvidia currently employs in Taiwan. To put the figure in context, Nvidia's most recent quarterly revenue came in at a record $81.6 billion, with guidance of $91 billion for the quarter now underway — meaning the proposed annual Taiwan spending would outstrip what the company earns in any single three-month period.
"Taiwan is booming," Huang said on stage. "This is where the chips come, packaging comes, this is where the systems are made, this is where AI supercomputers were created."
