Trump Promises Expedited Permits for Nvidia's $500B US Investment

President Donald Trump announced that his administration will expedite necessary permits for Nvidia's $500 billion investment to build AI supercomputers in the U.S., marking a significant move in tech infrastructure. In a statement on Truth Social, Trump emphasized that this investment is part of a broader initiative to support companies contributing to America's technological advancements. Nvidia's plans include establishing manufacturing facilities in Texas and Arizona, which are expected to produce advanced AI technologies and strengthen the American supply chain. This announcement comes amidst a wave of investment commitments from major tech companies, totaling over $1.6 trillion since Trump's inauguration. The administration sees these developments as a reflection of its push for an American manufacturing renaissance. However, tariff exemptions on electronics are described as temporary until a new tariff strategy for the semiconductor industry is developed.