Investing.com -- NVIDIA (NASDAQ:NVDA) CEO Jensen Huang discussed the company’s recently announced $500 billion agreement to manufacture the most advanced AI chips in the United States with President Donald Trump at a White House event on Wednesday. This marks the first time such technology will be produced entirely domestically. NVIDIA, known for reinventing computing, aims to leverage artificial intelligence and robotics to create state-of-the-art manufacturing facilities in the U.S.

Huang highlighted the significance of this technological leap, noting that the computer architecture has remained largely unchanged since the 1960s. He emphasized that the new NVIDIA processors, weighing 70 pounds and consisting of 60,000 parts, represent the next generation of computing. The complexity of these chips is such that their manufacturing and testing require advanced robotics and even a supercomputer, respectively.

The NVIDIA CEO credited President Trump’s leadership and policies for accelerating the pace of manufacturing in the U.S., stating that modern manufacturing is driven by technology rather than low-cost labor. Huang expressed gratitude for the administration’s support, which includes an industry-oriented energy policy essential for the growth of new industries like artificial intelligence.

Huang conveyed that the support from the Trump administration is crucial for fostering the new AI industry, which he believes will revolutionize various sectors such as healthcare, financial services, and education. He stressed the importance of having the fundamental infrastructure for AI in the United States to enable innovation across these industries.

The partnership with the U.S. government signifies a major step for NVIDIA and the technology sector, with the potential to transform the landscape of artificial intelligence and manufacturing. The White House event served as a platform to underscore the collaborative effort between the administration and NVIDIA in shaping the future of AI and industry in America.

Related articles

NVIDIA CEO Jensen Huang discusses U.S. chip investment at White House event

Olo mulls potential sale amid takeover interest - Bloomberg

NVIDIA stock gains as Meta boosts AI capex... again