Nvidia wins approval for Taiwan headquarters to secure AI chip supply
AI Summary
Nvidia has received approval from the Taiwanese government to establish a NT$3.3 billion (US$105 million) headquarters in Taipei. The facility will include a commercial office and a business park. This move aims to secure Nvidia's access to advanced semiconductors, crucial for meeting the increasing global demand for AI chips. Taiwan Semiconductor Manufacturing Company (TSMC), the world's leading chip manufacturer, produces approximately 70% of the world's chips, including the advanced chips needed for AI applications. Nvidia, reportedly TSMC's largest client, needs to ensure sufficient production capacity to support the growing AI sector. The new headquarters will help Nvidia maintain its supply chain amidst the rising demand for AI-enabled technology.
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