Nvidia CEO Jensen Huang has confirmed that his company had not been approached about purchasing a stake in Intel. He made this statement during a press conference at the US-based chip maker’s annual developer conference in San Jose, California. Huang said this when he was asked whether Nvidia was part of a consortium with Taiwan Semiconductor Manufacturing Co to buy Intel.
“Nobody’s invited us to a consortium. Nobody invited me. Maybe other people are involved, but I don’t know. There might be a party. I wasn’t invited,” Huang said dismissing the rumours.
This statement follows a report by the news agency Reuters shared earlier this month that claimed TSMC having talks with other chipmakers like Nvidia, Broadcom, and Advanced Micro Devices (AMD) about investing in a joint venture to manage Intel’s factories.
Rumours also suggested that Intel, with support from US President Donald Trump, was exploring a plan to spin off its manufacturing operations and transfer control to a consortium that included TSMC.
What Nvidia CEO Jensen Huang said about the demand for the company’s chip
At the event, Huang downplayed concerns about AI chip demand, stating that orders for 3.6 million Blackwell chips from major cloud providers underestimated total demand, as they excluded Meta and smaller firms.
Meta, a key Nvidia customer, plans to use Blackwell chips for training its Llama AI models and is set to invest up to $65 billion in AI infrastructure this year, largely on Nvidia chips.
Huang also addressed investor concerns after China’s DeepSeek developed a competitive AI chatbot with fewer chips, arguing that AI’s growing focus on reasoning would drive higher computational demand.
He also highlighted that higher tariffs under Trump would have little short-term impact but indicated plans to shift production to the US in the long run, however, he didn’t specify a timeline.
Meanwhile, TSMC also announced a new $100 billion investment to build five additional chip facilities in the US.
“We’re in it. We are now running production silicon in Arizona,” Huang said referring to TSMC’s new chip fabrication facility in Arizona.
In December 2024, TSMC was also reportedly in talks with Nvidia to manufacture its Blackwell chips at its new Arizona facility.
