Nvidia not invited to join Intel consortium efforts

Nvidia's CEO, Jensen Huang, stated that the company has not been approached to buy a stake in Intel. During a conference in San Jose, California, he commented on reports about a potential consortium led by Taiwan Semiconductor Manufacturing Co (TSMC) that might include Nvidia, Broadcom, and Advanced Micro Devices. Huang said, “Nobody's invited us to a consortium,” indicating he was unaware of any such plans. Reports earlier suggested that TSMC was considering this collaboration to manage Intel's manufacturing operations. Meanwhile, both Intel and Nvidia shares did not change much in after-hours trading following Huang's comments. Huang also addressed Nvidia's orders for its Blackwell chips, noting that current orders from major cloud providers do not fully reflect the demand. Meta Platforms, which is a key customer, plans to invest heavily in AI infrastructure, particularly in Nvidia chips. CEO Mark Zuckerberg has previously stated that Meta intends to utilize these chips for developing their AI language models. Additionally, Huang expressed confidence in the future demand for Nvidia chips, even in light of competitive pressures from other AI models, like DeepSeek’s. He mentioned that DeepSeek's focus on reasoning would likely increase the need for more computation, benefiting Nvidia. Regarding the potential impact of higher tariffs, Huang said that while there may not be short-term effects, Nvidia plans to eventually shift more production to the U.S. TSMC has announced significant investment plans in the U.S., including new chip facilities. Huang confirmed that Nvidia is involved in TSMC's Arizona fabrication plant, where they are already producing chips.