Nvidia Accelerates Global Growth, Eyes AI Chip Development in India and Expansion in Thailand

Nvidia Corp NVDA stock is firing on all cylinders thanks to the artificial intelligence wave. Beth Kindig of I/O Fund projects Nvidia to reach a $10 trillion valuation by 2025.

The company continues expanding its geographical footprint, the latest being India and Thailand, which wish to develop their domestic semiconductor supply chains.

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The U.S. chip designer has proposed collaborating with India to co-develop a custom AI chip, leveraging the country’s strong chip design talent.

The discussions began during a meeting between Nvidia chief Jensen Huang and Prime Minister Narendra Modi earlier this year.

FirstPost reports that the collaboration, which is still in the early stages, seeks to design a chip tailored to specific use cases in India.

Officials are assessing costs, benefits, and potential applications with sectors such as the Indian Railways’ safety system, Kavach.

The custom AI chip could also support Indian startups, businesses, and public sector initiatives as part of the government’s AI mission.

Nvidia’s partnership with India could involve multiple players, with design partners like Arm Holdings plc ARM or Advanced Micro Devices, Inc AMD handling core architecture.

At the same time, Indian entities such as the Centre for Development of Advanced Computing (C-DAC) would customize the final layers for local applications.

Huang sees India as a crucial partner in the AI sector, emphasizing the importance of adding value to domestic resources rather than exporting raw data.

Nvidia also eyes investments in Thailand taking a cue from Alphabet Inc GOOG GOOGL  Google and Microsoft Corp’s MSFT move as Southeast Asia becomes a hub for AI data centers and component manufacturing, Bloomberg reports.

Thailand’s Commerce Minister Pichai Naripthaphan confirmed the upcoming announcement during Huang’s visit to Bangkok in December. Pichai expects Nvidia’s involvement to attract further funding from related industries.

Thailand has recently attracted multibillion-dollar investments from tech giants like Amazon.Com Inc AMZN, Google, and Microsoft for data centers and cloud infrastructure.

Nvidia stock is up over 233% in the last 12 months. Investors can gain exposure to the stock through SPDR S&P 500 SPY and iShares Core S&P 500 ETF IVV.

Price Action: NVDA stock is down 0.21% at $143.41 at last check Tuesday.

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