Jensen Huang, CEO of US chip giant Nvidia, praised and jokingly urged major suppliers in Taiwan to increase production to meet the strong demand for artificial intelligence (AI).
According to reports from Reuters, TTV News, and Wind Media, Huang held an impromptu press conference in the rain outside a restaurant in Taipei on Saturday (January 31) night. Prior to that, he had hosted a gathering for suppliers at this restaurant, known as the “Trillion-Dollar Banquet,” a name derived from the market capitalization of the attending companies.
This was the fourth “Trillion-Dollar Banquet” held since mid-2024, with attendees including TSMC Chairman C.C. Wei, Foxconn Chairman Young Liu, and Pegatron Chairman T.H. Tung.
Huang remarked jokingly during the interview, “TSMC has to work very hard this year because I need lots of wafers.”
Huang remarked jokingly during the interview, “TSMC has to work very hard this year because I need lots of wafers.”
He expressed his gratitude to C.C. Wei for his outstanding achievements last year, adding that many Taiwanese companies set record years in AI, and he believes many more records will be set this year.
Huang also predicted that TSMC could expand capacity by over 100% in the next 10 years, and that the increase could far exceed double the capacity. He explained that Nvidia’s demand alone would exceed double the current capacity.
Huang further noted that Nvidia is the only company in the world that collaborates with all AI companies, “As long as developers want to use our software, we openly provide support.”
Huang also predicted that TSMC could expand capacity by over 100% in the next 10 years, and that the increase could far exceed double the capacity. He explained that Nvidia’s demand alone would exceed double the current capacity.
Huang further noted that Nvidia is the only company in the world that collaborates with all AI companies, “As long as developers want to use our software, we openly provide support.”
Huang’s comments come as John Moolenaar, Republican chairman of the US House Select Committee on the Chinese Communist Party, earlier wrote in a letter that Nvidia’s support allowed Chinese AI startup DeepSeek to achieve cutting-edge performance with its R1 model. DeepSeek’s R1 model, launched last year, shook the market.