TAIPEI: US chip titan Nvidia can push ahead with a more than US$30 million plan to set up a subsidiary in Taiwan and build a new office there after the government announced Friday it had approved the move.
Jensen Huang, the chief executive of Nvidia — the world’s most valuable company — unveiled plans for the new office building in May as the company’s operations in Taiwan expand to meet growing demand for its sophisticated chips.
Taiwan is a powerhouse in semiconductor manufacturing and is home to Nvidia’s chipmaker-of-choice Taiwan Semiconductor Manufacturing Company, or TSMC.