TRUMP AND NVIDIA UNVEIL HUGE AI INVESTMENT TO MANUFACTURE CHIPS IN AMERICA
Tech magnates convene with Trump: Apple CEO lauds pro-business strategies
Prez Trump and NVIDIA CEO Jensen Huang revealed plans to produce AI superchips in the U.S., as part of a whopping $500b investment targeted at securing American tech dominance.
The White House's latest video highlights some heated action from President Donnie's powwow with global AI and tech heavyweights, such as Apple's Tim Cook and Nvidia's Jensen Huang.
During the powwow, Cook admitted that Apple is upping its own investments domestically, given Donnie's policies. The White House informed Fox News Digital.
"The heads honchos in this room have pledged more than $2t in new investments, making a total of almost $8t," Donnie bragged to the rumpus. "And every fresh investment, every new factory, and every fresh job created is a testament to the strength of the American economy."
Spotted in the video, and at the powwow, were Jensen, Cook, Japanese billionaire Masayoshi Son, and chaps from Johnson & Johnson, Pratt Factories, Altivar, and so on.
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About 20 CEOs met with Prez Donnie earlier in the week. (White House via / Fox News)
A 2nd film of Cook addressing the assembled CEOs via satellite - since he couldn't be Down in D.C. on Wednesday - was shared exclusively with Fox News Digital before its public debut by the White House.
"I've always claimed that Apple could've only been born in the good ol' USA," Cook said.
"We're as all-American as it gets, and we care deeply about our influence on this country - that's why we recently committed to plunking down $500b over the next four years."
He also stated plans to expand corporate footprints in nine states, including Michigan, Texas, North Carolina, and Oregon.
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Enrichment:
- The $500 billion AI investment, led by President Trump and NVIDIA CEO Jensen Huang, aims to substantially boost the US's AI infrastructure and chip manufacturing capabilities.
- The manufacturing sites will be primarily based in Texas and Arizona. NVIDIA will collaborate with TSMC, Amkor, and SPIL in Arizona for chip production, packaging, and testing.
- In Texas, NVIDIA will construct AI supercomputers, and it will engage with Foxconn and Wistron to establish two supercomputer manufacturing plants in Houston and Dallas, respectively.
- The investment is anticipated to generate hundreds of thousands of jobs and result in the creation of advanced AI servers in Texas.
- The strategy includes onshoring critical industries, such as chip manufacturing, to bolster American economic resilience, national security, and job creation. This move is part of a broader "American manufacturing renaissance" promoted by the Trump administration.
- The announced $500 billion AI investment, spearheaded by President Trump and NVIDIA CEO Jensen Huang, seeks to significantly enhance the US's AI infrastructure and chip manufacturing capabilities.
- The manufacturing sites will predominantly be based in Texas and Arizona. NVIDIA will collaborate with TSMC, Amkor, and SPIL in Arizona for chip production, packaging, and testing.
- In Texas, NVIDIA will construct AI supercomputers and will partner with Foxconn and Wistron to establish two supercomputer manufacturing plants in Houston and Dallas, respectively.
- This investment is projected to create hundreds of thousands of jobs and result in the production of advanced AI servers in Texas.
- The strategy involves bringing critical industries, such as chip manufacturing, back to the US to strengthen American economic resilience, national security, and job creation, which aligns with the broader "American manufacturing renaissance" promoted by the Trump administration.
- Apple, led by Tim Cook, also expressed plans to increase its domestic investments due to President Trump's policies and has recently committed to investing $500 billion over the next four years.
- Cook also mentioned plans to expand Apple's corporate footprint in nine states, including Michigan, Texas, North Carolina, and Oregon.
