As the president imposes retaliatory tariffs, companies like Nvidia are committing to setting up manufacturing hubs in the country.
President Donald Trump issued a memorandum to expeditiously conduct environmental reviews and evaluate permits for leveraging modern technology and fast-tracking related projects in the country.
The statement said inefficient review processes that donât leverage available technology currently pose a âsignificant delayâ and adverse financial impacts to projects.
Trump ordered for digitizing the application and review process, accelerating processing times in a way that does not impact review quality, reduction of documentation lengths, and improved interagency coordination and transparency, among other measures.
The president also called for establishing an interagency Permitting Innovation Center to facilitate broader adoption of coordinated tech applications.
Trump has given the chairman of the Council on Environmental Quality (CEQ), along with relevant agencies, 45 days to issue a Permitting Technology Action Plan for modernizing federal permitting processes in regards to infrastructure projects.
AI Made in America
On April 14, California-based Nvidia said in a statement that it has âcommissioned more than a million square feet of manufacturing space to build and test NVIDIA Blackwell chips in Arizona and AI supercomputers in Texas.â
âTens of âgigawatt AI factoriesâ are expected to be built in the coming years,â the company said, adding that the venture is expected to create hundreds of thousands of jobs and drive trillions of dollars in economic security over the coming decades.
Nvidia CEO Jensen Huang said, âThe engines of the worldâs AI infrastructure are being built in the United States for the first time.â
Nvidiaâs announcement provided an encouraging boost to the Trump administration, which had come under fire for market losses incurred in the ongoing tariff negotiation with countries around the world.
âWe wanted to uncomplicate it,â he said. âBecause we want to make our chips and semiconductors and other things in our country.â
Semiconductor products will be categorized under a different tariff âbucket.â
Investments in manufacturing typically depend on facilities offered by government authorities.
In his executive order, Trump said that âall agencies must prioritize efficiency and certainty over any other objectives, including those of activist groups, that do not align with the policy goals ⌠that could otherwise add delays and ambiguity to the permitting process.â
Original News Source Link – Epoch Times
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