Nvidia CEO denies that US wants to shift 40% of Taiwan's chipmaking capacity to America — Jensen Huang says onshoring is all new capacity, will preserve island nation's silicon shield

Nvidia's CEO, Jensen Huang, refutes claims that the U.S. aims to relocate 40% of Taiwan's chipmaking capacity, emphasizing that new fab construction is for capacity growth, not relocation. He stresses the need for TSMC to expand globally to meet rising demand for AI-driven chips while maintaining Taiwan as a manufacturing stronghold. Huang highlights the importance of spreading production across regions for resilience and preventing supply shortages as AI hardware demand increases. Additionally, he discusses the significance of securing memory production capacities for Nvidia's AI accelerators and addresses geopolitical considerations related to exporting advanced technology.