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
Death toll from latest Israeli strikes on Gaza rises to 30
Al Mayadeen's correspondent: Five killed in the Israeli bombing of a civilian vehicle on Al-Qassam Street in Khan Younis, south of the Gaza Strip
Hamas confirms that it has no connection to the shooting incident in Rafah and affirms its commitment to the ceasefire agreement
Al Mayadeen's correspondent: Two civilians were killed and four others, including a child and an infant, were injured in an Israeli bombing of a house belonging to the Al-Banna family in the al-Sabra neighborhood, south of Gaza City
Al Mayadeen's correspondent: An Israeli airstrike targets the vicinity of Al-Shifa Medical Complex, west of Gaza City
Al-Qassam: We will postpone the handover of the body of the Israeli captive we found, which was scheduled for today, due to the occupation's violations
Al Mayadeen's correspondent in Gaza: Israeli occupation aircraft launch airstrikes on the city of Rafah in the southern Gaza Strip
Netanyahu's office: At the end of the security consultations, the prime minister instructed the military to launch massive military strikes on the Gaza Strip immediately
President Aoun: We urge the activation of the monitoring committee, the cessation of hostilities, ongoing Israeli violations, attacks
Lebanese President Joseph Aoun to US Envoy Morgan Ortagus: Southerners must be enabled to return to their homes and rebuild

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

Alibaba creates new AI chip to challenge Nvidia

US secures 10% ownership in Intel as Trump prods new industrial policy

"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

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Members of the al-Qassam Brigades, the military wing of Hamas, and Egyptian workers search for the bodies of hostages in a tunnel discovered during searches in Hamad City, Khan Younis, in the southern Gaza Strip, on Tuesday, Oct. 28, 2025 (AP)
Politics

'Israel' obstructing Gaza body recovery, creating false claims: Hamas

Lebanese Prime Minister Nawwaf Salam talks to US Deputy Special Envoy to the Middle East Morgan Ortagus at the Grand Serail in Beirut, Lebanon, October 28, 2025 (NNA)
Politics

Salam conveys to Ortagus goals behind any possible negotiations

Writers boycott NYT, demand justice as Gaza media ban faces court
Politics

300+ writers boycott NYT Opinion, cite persistent anti-Palestine bias

Settlers attack West Bank olive harvesters, Injure 3 Palestinians
Politics

Settlers attack West Bank olive harvesters, injure 3 Palestinians

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