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Nvidia confirmed that his CEO Jensen Huang met with US president Donald Trump to discuss US technology and leadership of AI.
“We appreciate the opportunity to meet with President Trump and discuss the semiconductors and the AI policy. Jensen and the president discussed the importance of strengthening US technology and AI leadership, ”said a Nvidia spokesman.
The meeting took place today and casually is happening a day before Trump promised to impose a lot of tariffs on products that include semiconductor chips.
Earlier this week, Trump asked for tariffs on foreign computer chips, semiconductors and pharmaceutical products from places like Taiwan in the near future.
In the speech at the Problem Conference of the Republican Party of the House of Representatives in Miami, Trump said that manufacturers also do not need an incentive to build their chip factories in the United States, he suggested that he would eliminate Joe Biden’s program to pay subsidies to chips manufacturers such as Intel to build the US.
The impact of such rates could be huge. The consumer technology association, the lobbying group of the US electronic industry, warned that tariffs could take the cost of games of the hundreds of dollars to $ 1,000.
“In the very close future, we are going to make tariffs in foreign computer chips, semiconductors and pharmaceutical products to return the production of these essential goods to the United States of America,” Trump said. “They left us and went to Taiwan, which is approximately 98% of the chips business, by the way. And we want them to return and we will not give them billions of dollars like this ridiculous program that Biden has. “
The Chips & Science Law with bipartisan support allocated $ 52 billion in subsidies to allow companies to build factories on Intel, TSMC, coherent and analog devices of the United States, were among the companies that received subsidies from the administration Biden.
“Give everyone billions of dollars. They already have billions of dollars. They have nothing more than money. 25, 50 or even 100%.
Thanks to incentives instead of tariffs, the SIA said this month that the Chips and Science law is on the way to strengthening US manufacturing, creating jobs, promoting economic growth and promoting national security. The manufacturing incentives of the law have caused substantial investments announced in the United States, the group said. Intel said this week that he has received more than $ 2 billion by virtue of the law.
“In fact, companies in the semiconductor ecosystem have announced 90 new projects In 28 US states, there are hundreds of billions of dollars in private investments, since the Chips and Science law was introduced. These announced projects will create more than 58,000 jobs in the semiconductor ecosystem and support hundreds of thousands of additional jobs in the United States throughout the United States economy.
A SIA-BOSTON CONSULTING Group report released Last May projected that the United States will triple its manufacturing capacity of national semiconductors since 2022, when the law was promulgated, at 2032. The projected growth of 203% is the largest percentage increase projected in the world during that time. The report also projected that the United States will capture more than a quarter (28%) of total global capital expenses from 2024 to 2032.
The Consumer Technology Association said during CES 2025 that the proposed rates could increase prices in laptops and tablets by 46%, games of games by 40%and smartphones by 26%.
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