Nvidia CEO Jensen Huang praised Taiwan's largest company in a conversation with reporters on Friday, saying that “anyone who wants to buy its shares is a very smart person.”
Nvidia CEO Jensen Huang visited Taiwan, where he praised Taiwan Semiconductor Manufacturing Co. (TSMC) on Friday. “I think TSMC is one of the greatest companies in human history, and anyone who wants to buy its stock is a very smart person,” he said.
Huang was responding to a reporter's question about the possibility of the U.S. government purchasing TSMC shares. Earlier this week, Reuters reported that U.S. Commerce Secretary Howard Lutnick was considering taking stakes in semiconductor companies in exchange for funding under the CHIPS Act.
In recent days, there has been considerable talk in this context about the possibility of the United States acquiring a 10% stake in Intel. According to a Thursday report from The Wall Street Journal, the share-based financing mechanism would not apply to companies increasing their exposure to the US, including TSMC and Micron.
TSMC is set to receive $6.6 billion under CHIPS, which will help the company build three chip production plants in Arizona. The company announced in March that it would expand its U.S. investments to $165 billion.
The CHIPS Act (Creating Helpful Incentives to Produce Semiconductors for America Act) was passed in 2022 under the Joe Biden administration, gaining bipartisan support. Under it, the United States plans to award a total of $52.7 billion to semiconductor companies expanding production domestically.
As Reuters reported on Friday, the Trump administration is considering transferring $2 billion from the pool to finance key projects related to rare earth metals.
China Strikes Back at Nvidia
The main purpose of Jensen Huang's visit to Taiwan is to meet with representatives of TSMC, Nvidia's main manufacturing partner. This comes amid recent tensions between Beijing and Washington, with the American semiconductor giant at the center of the matter.
In August 2025, the Donald Trump administration allowed Nvidia to sell certain chip models that can be used to train AI models to Chinese customers on the condition that it transfers 15% of the revenue from these transactions to the US government.
Nvidia is reportedly co-developing a new, more powerful AI chip with TSMC for the Chinese market. Tentatively named B30A, it is expected to be a successor to the current H20 model, intended for export to China.
The company's problem, however, is that around the time the US lifted restrictions on the sale of its chips to China, China imposed them. Officially, Beijing's move is said to be related to security concerns and the possibility of spyware hidden in H20 chips.
Chinese authorities have ordered their major technology companies, including ByteDance, Alibaba and Tencent, to completely refrain from purchasing Nvidia chips until a security review is completed, CNBC reported.
Speaking to reporters in Taiwan, Huang admitted that China had asked his company questions about the security of its chips. “Hopefully, the response we gave the Chinese government will be sufficient. We are talking to them,” commented the Nvidia CEO.
For now, however, there's no breakthrough in sight. According to reports from Reuters and “The Information,” Nvidia has asked its suppliers, Amkor Technology, Samsung Electronics, and Foxconn, to halt production of H20 chips.
Prepared by MM
