SANTA CLARA: Nvidia’s chief executive said Friday that the world’s most valuable chip maker is “very likely” to invest in Europe.
Nvidia’s Jensen Huang told reporters that expanding in Europe was a “great idea.”
By investing money in Europe, Nvidia joins other semiconductor giants such as Intel, who are looking to expand new operations in the European Union with the help of government subsidies.
“I think it’s very likely, because Nvidia wants to be a global international company and there are people who can imagine a better investment than this,” Jensen said. .
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The U.S. company, which specializes in chips coveted by the artificial intelligence boom, has been valued around $1 trillion in recent weeks after its last quarter earnings beat expectations.
The CEO said after a meeting with EU chief technology official Thierry Breton at NVIDIA headquarters in Silicon Valley.
“AI is data, AI is algorithms, AI is computational power,” Bretton said after meeting with Huang.
“We owe our computing power to companies like Nvidia,” he said.
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