Nvidia’s CEO says the US should ‘reduce’ dependency on other countries, onshore technology manufacturing
CNN
The United States’ plan to “re-industrialize” technology manufacturing is “exactly the right thing,” Jensen Huang, CEO of the world’s largest chipmaker, said Thursday.
America’s plan to “re-industrialize” technology manufacturing is “exactly the right thing,” said Jensen Huang, CEO of the world’s leading AI chipmaker. In an interview with CNN’s Fareed Zakaria, Huang, who heads the Santa Clara, California-based Nvidia, said the United States should invest in manufacturing and is currently “missing that entire band in our industries.” “That passion, the skill, the craft of making things; the ability to make things is valuable for economic growth — it’s value for a stable society with people who can create a wonderful life and a wonderful career without having to get a PhD in physics,” Huang said. The Trump administration has instituted a slew of policies, including sweeping tariffs, in an effort to revive America’s declining manufacturing industries. It has been in part to boost the automotive and energy sectors, as well as investments in technologies. “President Trump has made it clear America cannot rely on China to manufacture critical technologies such as semiconductors, chips, smartphones, and laptops,” White House press secretary Karoline Leavitt said in a statement in April after a temporary tariff pause was instituted on smartphones and other electronics. Huang said that onshoring manufacturing would take the pressure off of Taiwan, where the world’s largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), is based. Trump announced in March that the chipmaking giant would invest at least $100 billion in US manufacturing.
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