Jensen Huang, co-founder and CEO of NVIDIA Corp., spoke at a press conference in Taipei on May 21, 2025.
i-hwa cheng | AFP | Getty Images
Nvidia CEO Jensen Huang praised on Friday on his visit to Taiwan Semiconductor Manufacturing Co., saying anyone who wants to enjoy a stake in the company will be “very smart.”
This is in the U.S. government's interest in obtaining shares in tech companies, especially in obtaining funds under the U.S. chip law.
Huang said his main purpose of traveling to Taiwan was to thank TSMC for its work on Rubin, its next-generation AI chip platform, Nvidia, in response to questions about Washington's search for a stake in TSMC.
“Well, first of all, I think TSMC is one of the greatest companies in human history, and anyone who wants to buy TSMC stock is a very smart person.”
Huang said TSMC is producing six new products for NVIDIA, including a new central processing unit, hardware components for computing, and a new general-purpose processing unit for advanced computing, especially AI.
Earlier this week, Reuters reported that U.S. Commerce Secretary Howard Lutnick was looking for equity bets in exchange for Chips Act funding from companies such as Micron, TSMC and Samsung.
The Joe Biden Administration has received bipartisan support for the 2022 chip law, part of Washington’s efforts to revitalize U.S. leadership in the semiconductor manufacturing sector, granting grants and loans to chipmakers. Under the bill, TSMC has been promised $6.6 billion to help build three cutting-edge chip manufacturing plants in Arizona.
Lutnick confirmed in an interview with CNBC on Tuesday that the government is making a 10% stake in troubled semiconductor company Intel and said the government may also consider stakes in other companies.
However, a report by the Wall Street Journal said Thursday that the government has no plans to increase stake in U.S.-invested semiconductor companies in the face of government officials. TSMC announced in March that it would expand its U.S. investment to $165 billion.
Huang said Nvidia was eager to start working on “Nvidia Constellation.”
Huang said the company is still working with local governments to solve some problems to start construction.
“We have a lot of employees in Taiwan and we grow in Taiwan because our supply chain is very busy here.”
He added: “We are working with chip companies, system suppliers and system manufacturers across Taiwan and everyone is working for us, so we need a lot of engineers to work with them.”
Shares in TSMC, the world's largest contract chip maker, have risen 6.5% so far this year.
News reports said Friday that NVIDIA has asked some of its parts suppliers to stop production related to China's H20 general processing units, after China raised safety concerns about chips.
Last month, NVIDIA said it was expected to obtain export licenses for its H20 chip, which was effectively banned in April. However, Beijing has reportedly frozen the ability of local companies to buy them.
One of the companies was told to suspend work related to the H20 chip, which is Taiwan's Foxconn – also known as Honghai Precision Industry. Foxconn did not respond to CNBC's investigation into the matter.
Huang said on Friday that the company responded to Beijing’s concerns about the H20 and hoped the issue would be resolved.