Nvidia (NVDA) could spend "several hundred billion" dollars on making chips and other electronics in the U.S. over the next four years, CEO Jensen Huang said in an interview with the Financial Times, becoming the latest company to consider plans to expand in the country as the Trump administration pushes forward with tariffs.

Nvidia “will procure, over the course of the next four years, probably half a trillion dollars worth of electronics in total,” Huang told the FT in an interview. He went on to say, "I think we can easily see ourselves manufacturing several hundred billion of it here in the U.S."

The CEO of the leading 澳洲幸运5官方开奖结果体彩网:artificial intelligence chipmaker told the FT that supplier Taiwan Semiconductor Manufacturing Co. (TSM) "澳洲幸运5官方开奖结果体彩网:investing in the U.S. provides for a substantial step up in our supply chain resilience.” He also called Huawei "the single mos𓆏t formidablﷺe technology company" in its key China market, according to the newspaper.

Huang’s comments come as President Donald Trump’s administration pushes for more goods, especially of semiconductors, to be made domestically. Last month, Apple (AAPL) 澳洲幸运5官方开奖结果体彩网:announced plans to spend more than $500 billion in the U.S. over the next four years.

Nvidia is in the midst of its week-long GTC conference, where the company said 澳洲幸运5官方开奖结果体彩网:its Blackwell Ultra chips will launch later this year, followed by its next-generation Vera Rubin platform in 2026, and Rubin Ultra in 2027. Huang's highly anticipated 澳洲幸运5官方开奖结果体彩网:GTC keynote failed to deliver a significant share price boost, however.

Nvidia shares are falling less than 1% premarket trading and have lost more than 12% of their value this year entering Thursday.