Zinger Key Points
- Super Micro and Guo Rui plan a renewable-energy computation center in Taiwan.
- Nvidia to build a secondary HQ in Taiwan, matching Silicon Valley size.
Artificial intelligence server company Super Micro Computer Inc SMCI and Taiwan’s Guo Rui announced on Wednesday their plans to establish a renewable-energy-powered computation center in Taiwan, the Taipei Times reports.
Following discussions with Supermicro founder Charles Liang and Guo Rui chairman Lin Po-wen, Premier Cho Jung-tai instructed the formation of a cross-ministerial task force to promote renewable energy and facilitate land acquisition for green power projects, Executive Yuan spokesperson Michelle Lee told the TT.
In a separate announcement to the TT, Nvidia Corp NVDA revealed plans to establish a secondary headquarters in Taiwan, matching the scale of its Silicon Valley operations.
Also Read: AI Smartphones To Cushion Semiconductor Industry Amid Data Center Uncertainty: Report
National Development Council Minister Paul Liu highlighted to TT Taiwan’s robust talent pool, infrastructure, and proximity to supply chains as key factors that could contribute towards the country becoming a global hub for AI development.
Taipei Mayor Chiang Wan-an and New Taipei City Mayor Hou You-yi expressed their commitment to attracting Nvidia’s new headquarters to the TT.
New Taipei City offered a portfolio of potential sites and incentives to secure the investment. Supermicro is also a key Nvidia client.
Reportedly, Nvidia supplier Taiwan Semiconductor Manufacturing Co TSM is considering five factories in the heavy industrial city of Kaohsiun in Taiwan. The first plant will likely start commercializing by 2025 or a year later.
The chipmaker’s expansion has prompted the city government to set up water recycling plants and ultra-high-voltage substation facilities to ensure a stable water and power supply.
In the current geopolitical scenario, President Joe Biden approved $567 million in defense aid for Taiwan in September, strengthening its military capabilities as tensions with China intensified. Additionally, the U.S. approved a $228 million military sale to Taiwan to improve its aircraft combat.
In December, Taiwan Semiconductor showcased its advanced chip fabrication plant debut in Arizona, marking U.S. attempts to reduce dependence on China as a semiconductor supply chain.
The company targets two additional fabs in Arizona, bringing its total investment to $65 billion.
Price Actions: At last check on Friday, SMCI stock was down 5.00% to $32.06. NVDA is down 2.62%.
Also Read:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
