Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

Nvidia very likely to invest in Europe

  • By Al Mayadeen English
  • Source: Agencies
  • 25 Jun 2023 12:45
3 Min Read

Nvidia has its eyes on Europe, with the company's CEO revealing that the firm could expand into the bloc soon.

  • x
  • A Nvidia Corporation sign is shown in Santa Clara, California, United States, May 31, 2023 (AP)
    An Nvidia Corporation sign is shown in Santa Clara, California, United States, May 31, 2023 (AP)

Nvidia is "extremely likely" to invest in Europe, the CEO of the world's most valuable chipmaker said Sunday.

Jensen Huang told reporters that expanding in Europe was a "wonderful idea."

If it were to invest in Europe, Nvidia would join other giants in the semiconductor industry, the likes of Intel, that are looking toward the land across the Atlantic to set up shop with the help of government subsidies.

Read more: France to allocate $3.1bln of state aid to microchips factory

"I would say it is extremely likely and the reason for that is because Nvidia would like to be a global international company and who could imagine a better place to invest in," Jensen explained.

The firm making highly valuable chips in light of the AI boom has seen a stark hike in value, reaching $1 trillion in recent weeks after its last quarterly earnings blew the expectations out of the water.

"AI is about data, AI is about algorithms, and AI is about computing power," said EU Internal Market Commissioner Thierry Breton after his meeting with Huang at the company's headquarters in Silicon Valley.

Related News

Chip giant TSMC briefly joins trillion-dollar club

US to raise tariffs on $18 bn of China imports including chips

"Computing power is thanks to companies like Nvidia," he said.

The European Union is seeking US firms and vice versa due to Washington's sanctions on China and its chip industry. 

Currently, China and Taiwan have the dominant share in the global market of chip exports, but the new plan adopted by the EU aims to double Europe's market share to 20% by 2030 and allocate 43 billion euros ($47.2 billion) in public and private investments to fulfill the continent's growing demand of semiconductors.

The bloc will also invest 3.3 billion euros in research and development, in addition to building special facilities for the project and a monitoring system to deliver an early warning in case of supply shortages to prompt the EU in reacting quickly and efficiently.

The United States, Japan, and South Korea have already initiated plans to increase chips productions and develop their tech sector. Washington passed the Chips and Science Act last August which will allocate $52 billion to boost the sector, while its Asian allies also released multi-billion dollar projects to keep track.

STMicroelectronics, US-based GlobalFoundries, and US tech giant Intel announced plans last year to invest billions of dollars into new production facilities in France and Germany, where they will be able now to receive subsidies for their plans under the new European agreement.

Washington has leaned on allies including Japan and the Netherlands this year to curb exports of semiconductor technology to China, much to Beijing's chagrin.

"Europe aims to become an industrial powerhouse in the markets of the future -– the digital and clean technologies that will allow us to remain a competitive export force, generate quality jobs and ensure our security of supply," the bloc's internal market chief noted. 

  • Chips industry
  • Europe
  • Nvidia
  • CHIPS act
  • Intel
  • European Union

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS