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Nvidia to turn Taiwan into a world-class AI hub
Nvidia, a California-based graphic processing unit maker, is going to build a world-class artificial intelligence research center in Taiwan to accelerate its Omniverse project, a computing platform that supports 3D applications.
The announcement was made after the United States firm’s share price surged 24.6% to US$380.6 in a single day on May 24. On Tuesday, the valuation of Nvidia hit $1 trillion, making it the first US chipmaker to join the trillion-dollar club.
Because of this, Nvidia’s founder and chief executive Jensen Huang quickly gained the nickname “One-trillion man” in Taiwan, on top of his reputed status as the “godfather of AI.”
Nvidia’s shares had dropped by 50.3% to $146.14 at the end of last year from $291.11 a year earlier as the US kept tightening the export of high-end chips to China. Last August, the US government banned Nvidia from selling its A100 and H100 chips to China and Russia.
The shares have rebounded by 166% so far this year as the company vowed to invest in AI technology.
Nvidia will hire 1,000 people and invest up to TWD24.3 billion (US$790 million) in its new AI research center, or AI University, which will be jointly managed by the National Taiwan University. It has secured a subsidy of TWD6.7 billion from the Taiwanese government for this project.
Chip war takes a toll
Meanwhile, Huang told the Financial Times that further escalation of the chip war between China and the US would cause enormous damage to US companies .
He said China will make more semiconductors itself if it can’t buy them from US companies. He said US lawmakers should be thoughtful while regulating or they will hurt the technology sector.
Huang also told a global media roundtable at the Computex Taipei industry expo on Tuesday that existing chip makers should continue to work hard to stay competitive and not underrate China’s ability to catch up in the industry.
He said China will cultivate its own chip companies amid the US sanctions, and that is why many GPU startups have been created in the country.
More at: https://asiatimes.com/2023/05/nvidia-to-turn-taiwan-into-a-world-class-ai-hub/