Nvidia, the worldās undisputed leader in chipmaking, says it will invest hundreds of billions of dollars over the next four years on its U.S.-based manufacturing operations ā part of the manufacturing renaissance under President Donald J. Trump as he solidifies the U.S. as the global leader in artificial intelligence.
āHaving the support of an administration who cares about the success of this industry and not allowing energy to be an obstacle is a phenomenal result for AI in the U.S.,ā said Nvidia CEO Jensen Huang.
Hereās what theyāre saying:
- Axios: āItās another win for President Trumpās push to increase U.S. manufacturing, with a parade of corporations announcing American expansion.ā
- The Guardian: āChipmakerās promise is a sign that Trumpās āAmerica Firstā policy is affecting investmentā
- Financial Times: āThe huge spending projection from the worldās most valuable semiconductor group follows multibillion-dollar US investment plans announced by other technology companies including Apple, as the impact of Trumpās āAmerica Firstā trade policies ripples through the global economy.ā
- Yahoo Finance: āā¦the latest company to consider plans to expand in the country as the Trump administration pushes forward with tariffs.ā
Thatās in addition to the trillions of dollars in new investments President Trump has already secured in tech-based manufacturing. In January, President Trump announced a $500 billion private investment in AI infrastructure led by OpenAI, Oracle, and Softbank, while Apple announced a $500 billion investment and TSMC announced a $100 billion investment in chips manufacturing last month.
It goes well beyond tech as companies make plans to onshore their operations amid President Trumpās America First trade policy. This week, a Canadian furniture manufacturer opted to move its production to the U.S., while the biggest toymaker in the U.S. said it will move a ālarge percentageā of its China-based manufacturing back home.
In the auto sector, Stellantis announced a $5 billion investment in its U.S. manufacturing network as it pledges to build more vehicles domestically, Hyundai Motor is planning to ālocalize production in the U.S,ā Nissan is considering moving production from Mexico to the U.S., and Honda is expected to produce its next-generation Civic hybrid model in Indiana.
The list of manufacturing wins is endless.