Nvidia bets $150B on Taiwan as Trump’s plan to make US an AI hub backfires

In a splashy move that signals that Taiwan remains irreplaceable to the AI industry’s short-term and long-term goals, Nvidia CEO Jensen Huang announced Wednesday that his chip company will invest $150 billion a year to make sure Taiwan remains at the “epicenter” of the “AI revolution.” “This is where the chips come, packaging comes, this is where the systems are made, this is where AI supercomputers were created,” Huang said. “The number of partners we work with here in Taiwan, incredible.” As Reuters reported, the substantial investments will be used to create a new Taiwan headquarters for Nvidia, which Huang…