Taiwan stocks opened lower and then turned positive during early trading on May 28, and TSMC quickly surged to 2,360 TWD, a new all-time high. NVIDIA CEO Jensen Huang announced at a North Science and Technology Park (NTSK) employee meeting on Wednesday that NVIDIA’s investment target in Taiwan is $150 billion, and the company has already reached $100 billion at this stage. Huang said Taiwan has become the “epicenter of the global AI revolution,” and publicly called for expanding Taiwan’s power supply.
Jensen Huang’s Confirmed Statement: Investment Scale and Energy Demands
At the NTSK employee meeting, Jensen Huang said that Taiwan is highly concentrated in key AI supply-chain links such as chip manufacturing, advanced packaging, and system integration. He told the officials present directly: “Human labor needs rice, while AI labor needs electricity. Mayor, Taiwan needs more energy. To keep up with the pace of the Industrial Revolution, we need energy—energy growth is crucial to Taiwan’s GDP.”
NVIDIA also said that with a diverse customer base and new products, the company is confident in exceeding its $1 trillion sales target for flagship AI chips.
Taiwan’s Ministry of Economic Affairs Confirms Response
Minister of Economic Affairs Kuo Ming-hsin responded at the event, saying that government assessments show there will be no issue with electricity shortages by 2032, or even as late as 2034. Taipei Mayor Chiang Wan-an promised that the city government will fully provide administrative assistance and accelerate relevant processes, such as reviewing NVIDIA’s building permit application.
Confirmed Plan for NVIDIA’s New Taiwan Headquarters
Jensen Huang announced that the company’s new Taiwan headquarters project will break ground by the end of 2026 and is expected to be operational in 2030. After completion, it can accommodate 4,000 employees, which also indicates there is room to recruit roughly another 3,000 employees afterward.
FAQ
Is the $150 billion Jensen Huang mentioned an already-committed amount or a target?
In his remarks at the meeting, Jensen Huang explained that NVIDIA’s current investment in Taiwan has reached $100 billion, and in the future “up to $150 billion.” The $150 billion is the investment target Huang publicly cited, and the amount confirmed as already achieved at this stage is $100 billion.
TSMC’s new high of 2,360 TWD on May 28—was that the intraday price or the closing price?
According to the report, on May 28 TSMC surged to 2,360 TWD in early trading, reaching an intraday all-time high. The final closing price was not included in this report.
When was AMD’s $10 billion investment in Taiwan announced?
AMD CEO Lisa Su announced ahead of May 28, about one week earlier, that AMD will invest more than $10 billion in Taiwan’s AI sector to deepen strategic partner relationships and expand its chip manufacturing capabilities. The specific investment timeline and details were not disclosed in the report.
