Nvidia CEO Jensen Huang joins ‘Sunday Morning Futures’ to discuss the $5 trillion company’s move to bring manufacturing home, new AI partnerships and the impact of Trump and Xi Jinping’s one-year trade truce.
Tech giant Nvidia is leading America’s AI boom by moving production of the world’s fastest semiconductor chip to Arizona.
For a big win American productionthe now $5 trillion company is bringing advanced chip manufacturing back home, answering President Donald Trump’s call to reduce dependence on China and strengthen America’s technological edge.
“AI is an industrial revolution, and this is the most important technology of our time, potentially the most important technology of all time,” Nvidia CEO Jensen Huang said this week on “Sunday Morning Futures.”
Huang said President Trump’s effort to rebuild U.S. manufacturing and regain leadership in critical technologies has helped accelerate Nvidia’s plans to produce its most advanced chips on U.S. soil.
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The Nvidia headquarters in Santa Clara, California, on August 28, 2024. (Loren Elliott/Bloomberg via / Getty Images)
“When President Trump first took office, he wanted us to produce these critical technologies on land. He wanted to re-industrialize the United States,” Huang said.
‘He wants to have it energy growth. He wants to ensure that the United States is a leader in artificial intelligence,” he added.
The Nvidia chief said this kind of leadership requires dominance in multiple sectors, from energy to AI infrastructure.
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Nvidia CEO Jensen Huang, center, speaks with, from left, Commerce Secretary Howard Lutnick, Interior Secretary Doug Burgum and EPA Administrator Lee Zeldin during the “Winning the AI Race” summit on July 23 in Washington, D.C. (Chip Somodevilla/Getty Images)
“That includes not only building AI models, but also using AI in sectors from healthcare to manufacturing, robotics and science,” he explained.
According to Huang, the Trump administration wanted to move at “the speed of light” to bring advanced manufacturing back to the US. Within nine months, Nvidia was able to deliver results.
“With the cooperation of TSMC [Taiwan Semiconductor Manufacturing Company]an incredible partner for the United States, Foxconn, Wistron, Amkor and SPIL, we have now been able to fully produce the most advanced AI chip in the world in the United States and Arizona”, he continued.
“The workers worked incredibly hard, the mechanical engineers, the electricians, the plumbers, the construction workers, they all worked around the clock. Nine months later, we are now mass producing the most advanced AI chip in the world.”
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Graniteshares founder and CEO Will Rhind discusses a federal court ruling against President Donald Trump’s tariff authority, where he allocates capital, and Nvidia’s first-quarter performance.
Nvidia last Wednesday became the first company in history to reach a market valuation of $5 trillion, marking rapid growth driven by the global artificial intelligence (AI) boom.
Shares of the leading AI chipmaker rose 3% to $207.04, giving the company a market value of $5.03 trillion. This underlines Nvidia’s rise from video game graphics maker to driving force behind the AI revolution.
