Nvidia $NVDA CEO Jensen Huang announced plans Wednesday to invest around $150 billion a year in Taiwan and break ground on a new headquarters in Taipei sometime this year.
Speaking at a launch celebration attended by roughly 1,000 employees, Taipei Mayor Chiang Wan-an, and his own family, Huang said Nvidia's annual spending in Taiwan had risen from around $10 billion to $15 billion four or five years ago to its current level, and would climb to $150 billion, according to CNBC. He did not specify how many years the $150 billion annual commitment would run, according to Reuters.
Set to open in 2030, the Constellation campus in northern Taipei is sized for 4,000 workers — a figure that would quadruple the roughly 1,000 people Nvidia currently employs in Taiwan. To put the figure in context, Nvidia's most recent quarterly revenue came in at a record $81.6 billion, with guidance of $91 billion for the quarter now underway — meaning the proposed annual Taiwan spending would outstrip what the company earns in any single three-month period.
"Taiwan is booming," Huang said on stage. "This is where the chips come, packaging comes, this is where the systems are made, this is where AI supercomputers were created."
The new campus will bring Nvidia closer to Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker and a key supplier. Nvidia is expected to surpass Apple $AAPL this year as TSMC $TSM's largest customer, according to CNBC. Proximity to Foxconn, Wistron, and Quanta Computer — all major assemblers of AI server hardware — is another benefit Nvidia expects to gain from the new location, according to Reuters.
The announcement is a milestone in Nvidia's expanding commitment to the region at a time when its China business faces significant pressure. Huang joined President Donald Trump's delegation to Beijing earlier this month for a summit with Chinese President Xi Jinping, as Nvidia has spent months trying to break a standoff over its AI chip sales in China. In the most recent quarter, Nvidia's Taiwan business grew by more than half compared with a year earlier, even as its combined sales in mainland China and Hong Kong dropped by a similar proportion.
Nvidia has made a separate commitment — also widely publicized — to channel $500 billion into domestic AI infrastructure alongside U.S. manufacturers over a four-year span, a pace of spending that works out to about $125 billion per year.