[News] NVIDIA on Key Topics on GTC Sidelines: Intel Investment, Tariff Impact, and More

As NVIDIA takes center stage at GTC 2025, market concerns linger over topics like tariffs and Intel investment, which haven’t yet been directly addressed at the event. Here are CEO Jensen Huang’s comments on some of the hottest issues on Wednesday, alongside GB300, Rubin, and co-packaged silicon photonics switches.

Intel Investment

According to Reuters, after committing an additional $100 billion in the U.S. on March 3, TSMC has reportedly approached NVIDIA, AMD, Broadcom, and Qualcomm about investing in a joint venture to operate Intel’s foundry business. The Taiwanese chip giant may manage the division but hold less than a 50% stake.

However, when asked about NVIDIA’s involvement, CEO Jensen Huang dismissed the speculation, saying, “There might be a party—I just wasn’t invited,” as per Reuters.

He reiterated that NVIDIA was not part of the consortium, adding, “Nobody invited me. Maybe others are involved, but I don’t know,” as highlighted in the report.

Tariff Impact

Another CNBC report suggests while Trump has threatened extra tariffs on imported computer chips, adding pressure to NVIDIA’s business, the company seems to be confident to weather the storm.

Citing Huang, the report notes that in the near term, the impact of tariffs will not be meaningful. For now, China remains a key partner of the U.S. chip giant, accounting for about 17% of its total sales, as per CNBC.

Notably, Barron’s notes that Huang emphasized the company’s flexible supply chain, which extends beyond Taiwan, Mexico, and Vietnam. A per Barron’s, Huang also noted that the evolving tariff situation will impact NVIDIA’s costs depending on which countries Trump targets.

Therefore, it seems always good to have a backup plan. “If we add onshore manufacturing by the end of this year, we should be quite good,” he added.

U.S. Manufacturing

Notably, NVIDIA also reaffirmed its support for U.S.-made chips. According to The Financial Times, Huang said that NVIDIA aims to invest hundreds of billions in U.S. chips and electronics over four years.

Meanwhile, according to ijiwei, Huang confirmed that NVIDIA is already manufacturing chips in TSMC’s new Arizona facility.

TSMC’s first Arizona fab has reportedly begun mass production of 4nm chips in 4Q24, while the second fab is expected to be operational by 2028, utilizing more advanced nodes such as 3nm, 2nm, and A16 based on customer demand.

Huang told CNBC that NVIDIA has been working with TSMC to prepare for chip production in the U.S. He also emphasized partnerships with key Taiwanese suppliers like Foxconn and Wistron to support onshore manufacturing, as per CNBC.

In addition, Huang suggested that NVIDIA plans to shift production to the U.S. in the long run, though he did not provide a timeline, according to ijiwei.

Read more

• [News] NVIDIA Teams up with TSMC for Silicon Photonics Switches, Expected in 2025-26
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• [News] SK hynix Reportedly Locks in Exclusive 12H HBM3E Deal for NVIDIA’s GB300

(Photo credit: NVIDIA)