Nvidia CEO Jensen Huang joins “Sunday Morning Futures” to discuss the $5 trillion company’s decision to bring production back home, new AI partnerships and the impact of the year-long trade truce between Trump and Xi Jinping.
Tech giant Nvidia is leading America’s AI boom by moving production of the world’s fastest semiconductor chip to Arizona.
In a major win for America’s manufacturing industry, the now $5 trillion company is bringing advanced chip manufacturing home, answering President Donald Trump’s call to reduce dependence on China and strengthen America’s technological lead.
“AI is an industrial revolution, and it’s the most important technology of our time, potentially the most important technology of all time,” Nvidia CEO Jensen Huang said this week on “Sunday Morning Futures.”
Huang said President Trump’s efforts to rebuild America’s manufacturing industry and regain leadership in critical technologies have helped accelerate Nvidia’s plans to produce its most advanced chips on American soil.
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Nvidia headquarters in Santa Clara, California on August 28, 2024. (Loren Elliott/Bloomberg via /Getty Images)
“When President Trump took office, he wanted us to manufacture these critical technologies onshore. He wanted to reindustrialize the United States,” Huang said.
“He wants energy growth. He wants to make sure that the United States is a leader in artificial intelligence,” he added.
The Nvidia chief said this type of leadership requires dominance across multiple sectors, from energy to AI infrastructure.
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Nvidia CEO Jensen Huang, center, speaks with, from left, Commerce Secretary Howard Lutnick, Interior Secretary Doug Burgum and EPA Administrator Lee Zeldin at the “Winning the Race to AI” summit July 23 in Washington, DC. (Chip Somodevilla/Getty Images)
“This includes not only the creation of AI models, but also the use of AI in sectors ranging from healthcare to manufacturing, robotics and science,” he explained.
According to Huang, the Trump administration wanted to move “at the speed of light” to bring advanced manufacturing back to the United States. In nine months, Nvidia was able to deliver on its promises.
“With the partnership of TSMC [Taiwan Semiconductor Manufacturing Company]”, which is an incredible partner for the United States, Foxconn, Wistron, Amkor and SPIL, we have been able to now manufacture the most advanced AI chip in the world entirely in the United States and Arizona,” he continued.
“The workers worked incredibly hard, the mechanical engineers, the electricians, the plumbers, the construction workers, they all worked around the clock. Nine months later, we are now in volume production of the most advanced AI chip in the world.”
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Graniteshares founder and CEO Will Rhind discusses a federal court ruling against President Donald Trump’s pricing authority to which he allocates capital and Nvidia’s first-quarter performance.
Nvidia last Wednesday became the first company in history to reach a market valuation of $5 trillion, marking meteoric growth driven by the global boom in artificial intelligence (AI).
Shares of the leading AI chipmaker rose 3% to close at $207.04, giving the company a market value of $5.03 trillion, highlighting Nvidia’s rise from a maker of video game graphics to a driving force behind the AI revolution.
Sophia Compton and Eric Revell of FOX Business contributed to this report.
