Nvidia will spend hundreds of billions of dollars on chips and other electronics manufactured in the US over the next four years, its chief executive has said, as the company tilts its supply chain back from Asia in the face of Donald Trump’s tariff threats.
The huge spending projection from the world’s most valuable semiconductor group follows multibillion-dollar US investment plans announced by other technology companies including Apple, as the impact of Trump’s “America First” trade policies ripples through the global economy.
“Overall, we will procure, over the course of the next four years, probably half a trillion dollars worth of electronics in total,” Jensen Huang, Nvidia’s chief executive and co-founder, told the Financial Times. “And I think we can easily see ourselves manufacturing several hundred billion of it here in the US.”