• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Nvidia plans to set up Taiwan headquarters, local media reports

by December 23, 2024
written by December 23, 2024

Investing.com– NVIDIA Corporation (NASDAQ:NVDA) plans to build a new headquarters in Taiwan, local news outlet Commercial Times reported on Monday citing a government official with knowledge of the matter. 

The chipmaking giant is prioritizing Taipei as the location for its regional headquarters, and is seeking about three hectares of land for the project. The local city government is also assisting Nvidia in the matter, the report said. 

Taiwan is a key part of Nvidia’s supply chain, given that it is largely dependent on contract chipmaker TSMC (NYSE:TSM)- the country’s biggest firm- for fabricating its cutting-edge artificial intelligence chips. Nvidia also has collaborations with electronics giant Foxconn (SS:601138), known formally as Hon Hai Precision Industry Co Ltd (TW:2317).

Nvidia CEO Jensen Huang had said earlier this year that the firm plans to increase its presence in Taiwan by building a research and development hub in the country, while also hiring over 1000 people in the coming years. 

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Brace! Risks stack up for the global economy in 2025
next post
US stock futures rise after Wall St rallies on softer inflation data

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Lawyer group urges overhaul of US bank charter...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025
    • This California startup is cleaning water and removing CO₂ from the atmosphere — all at a reduced cost

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (504)
    • Stock (6,426)

    Latest News

    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

    Popular News

    • US agency sues two automakers, alleging discrimination and harassment
    • ECB’s Stournaras advocates for gradual interest rate cuts to near 2% by year-end- report

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy