Nvidia Chief Jensen Huang Says Trump's Move To Manufacture In The US Is 'Exactly' The Right Thing: America Is 'Missing That Entire Band'
Nvidia chief executive Jensen Huang says President Donald Trump's effort to "re-industrialize" technology manufacturing is "exactly the right thing," a "smart move" that will end the nation's "sole dependency" on overseas suppliers.
What Happened: In a CNN interview broadcast Sunday, Huang warned the United States is "missing that entire band in our industries," which is the craft of actually building chips, servers and other hardware — and said restoring that capacity would spread middle-class jobs beyond Ph.D. labs.
Don't Miss:
Tired of Grid Failures and Charging Deserts? This Startup Has a Solar Fix and $25M+ in Sales — Now Raising at $3/Share
Invest early in CancerVax's breakthrough tech aiming to disrupt a $231B market. Back a bold new approach to cancer treatment with high-growth potential.
"That passion, the skill, the craft of making things... the ability to make things is valuable for economic growth, it's value for a stable society with people who can create a wonderful life and a wonderful career without having to get a PhD in physics," Huang explained.
His praise comes as the White House leans on tariffs and subsidies to pull factories back onshore. In April, press secretary Karoline Leavitt said Trump cannot rely on China for critical tech and temporarily waived duties on smartphones so companies could shift production.
Trump also announced in March that Taiwan Semiconductor Manufacturing Co. will invest at least $100 billion to build five U.S. chip plants, a commitment he said would solve a major supply-chain risk. The TSMC pledge follows similar multibillion-dollar promises from Samsung, Intel and Micron as part of a broader manufacturing drive.
Why It Matters: Analysts say the campaign is reshaping the chip market but raising costs. BlackRock's Larry Fink recently cautioned that tariffs alone will not cure the labor shortages hobbling a full revival.
Huang spoke after a World Economic Forum survey found 41% of employers expect to shrink staff by 2030 because of automation, a trend he insists new roles will offset. Huang warned industries that if they stop innovating and generating new ideas, AI-driven productivity gains will cost workers their jobs.
He acknowledged hurdles but argued that "ecosystems of industries and manufacturing" at home will ease geopolitical pressure on Taiwan, whose foundries build most of Nvidia's advanced processors.
Read Next:
Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — And You Can Invest At Just $6.37/Share
This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100.
Photo: jamesonwu1972 / Shutterstock.com
This article Nvidia Chief Jensen Huang Says Trump's Move To Manufacture In The US Is 'Exactly' The Right Thing: America Is 'Missing That Entire Band' originally appeared on Benzinga.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Nvidia's China Comeback Underway
Nvidia (NASDAQ:NVDA) just got word from Washington that its export licenses for H20 GPUs to China are on track. The team hopes to restart shipments soon, and investors are buzzing. That pause back in April cost roughly eight billion dollars in quarterly revenue and tipped the balance to competitors. Shares jumped five percent before the bell as traders cheered what Wedbush calls a watershed moment. Warning! GuruFocus has detected 4 Warning Signs with NVDA. This follows Jensen Huang's sit-down with President Trump at the White House, underscoring how closely Nvidia has worked with policymakers amid rising tech tensions. China accounts for about fifteen percent of Nvidia's sales. Restoring that channel could lift Wall Street estimates and fuel Nvidia's next growth wave as global AI demand keeps exploding. With both Beijing and Washington looking to ease friction, Nvidia's regained China foothold may power a broader tech rally and reaffirm Jensen Huang's lead in the AI arms race. This article first appeared on GuruFocus. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
Chicago Tribune
9 minutes ago
- Chicago Tribune
Mike Waltz pledges to make UN ‘great again' at Senate confirmation hearing
WASHINGTON — Mike Waltz painted an image for lawmakers Tuesday of what the United Nations would look like as the U.S. — its largest donor — reviews its support, opting to go 'back to basics' under a Trump administration push to 'make the U.N. great again.' During his Senate confirmation hearing to be U.S. ambassador to the United Nations, Waltz echoed the priorities of his bosses — President Donald Trump and Secretary of State Marco Rubio — of pursuing major reforms to the 80-year-old world body. It was the first time senators could grill Waltz since he was ousted as Trump's national security adviser in May after he mistakenly added a journalist to a private Signal chat used to discuss sensitive military plans. He denied Tuesday that he was removed from the post, while laying out his plans to bring 'America First' to the U.N. 'We should have one place in the world where everyone can talk — where China, Russia, Europe and the developing world can come together and resolve conflicts,' Waltz told the Senate Foreign Relations Committee about the U.N. 'But after 80 years, it's drifted from its core mission of peacemaking.' The U.N. is pursuing its own reforms while the Republican administration has spent the last six months reshaping American diplomacy and working aggressively to shrink the size of the federal government, including recent mass dismissals at the State Department. On the agenda for Waltz would be combating China's influence, reviewing U.S. funding to U.N. agencies with 'often duplicative and wasteful mandates,' as well as rooting out what Waltz called deep antisemitism within the U.N. system. The U.N. post is the last one to be filled in Trump's Cabinet following months of delay, including the withdrawal of the previous nominee. The Signal episode — in which Waltz, Defense Secretary Pete Hegseth and other high-level officials faced intense criticism — didn't come up at the hearing for more than an hour. It was revealed in March that Waltz added The Atlantic editor-in-chief Jeffrey Goldberg to a private text chain on an unclassified messaging app that was used to discuss planning for strikes on Houthi militants in Yemen. 'We both know Signal is not an appropriate and secure means of communicating highly sensitive information,' said Democratic Sen. Chris Coons of Delaware, who was first to raise the issue. He added that Waltz shared 'demonstrably sensitive information' in an improper manner. Fellow Democratic Sen. Tim Kaine of Virginia called it 'an amateurish move.' Waltz, a former Florida congressman, said the chat met the administration's cybersecurity standards, 'no classified information was shared' and the military was still conducting an ongoing investigation. Democratic Sen. Cory Booker of New Jersey blasted what he called a 'lack of accountability' from Waltz and other administration officials. 'I've watched this hearing, and I've been really disappointed,' Booker said. 'What's been troubling to me about your nomination from the beginning is your failure to just stand up and take accountability for mistakes that you made.' If confirmed, Waltz would arrive at the U.N. at a moment of great change. The world body is reeling from Trump's decision to slash foreign assistance — affecting its humanitarian aid agencies — and it anticipates U.S. funding cuts to the U.N. annual budget. Facing financial instability, the U.N. has spent months shedding jobs and consolidating projects while beginning to tackle long-delayed reforms. The U.N. is also facing growing frustration over what critics describe as a lack of efficiency and power in delivering on its mandate to end conflict. 'With Waltz at the helm, the U.N. will have what I regard as what should be its last chance to demonstrate its actual value to the United States,' said Republican Sen. Mike Lee of Utah. 'Instead of progressive political virtue signaling, the Security Council has the chance to prove its value, and settling disputes and brokering deals.' Waltz said U.N. revenue 'has quadrupled in the last 20 years' but that it hasn't been commensurate with increased peace. 'The U.S. must ensure that every foreign aid dollar and every contribution to an international organization, particularly the U.N., draws a straight and direct line to a compelling U.S. national interest,' Waltz said. He said the administration's diplomatic strategy would be focused on cutting costs to what he called 'waste, fraud, and abuse that are endemic to the U.N. system.' Waltz also accused the U.N. of 'pervasive antisemitism.' He testified that the U.N. agency for Palestinian refugees, UNRWA, has been promoting 'antisemitic hate' in its schools in Gaza. U.N. Secretary-General Antonio Guterres appointed a British human rights activist on Tuesday to carry out a strategic review of UNRWA. Israel has alleged that 19 out of UNRWA's roughly 13,000 staffers in Gaza participated in the Oct. 7, 2023, attacks that launched the war. UNRWA said it fired nine workers after an internal U.N. investigation. Israel later alleged that about 100 other Palestinians in Gaza were Hamas members but didn't provide evidence to the United Nations. Waltz has spent the last few months on the White House payroll despite departing as national security adviser. The latest list of White House salaries, current as of July 1, includes Waltz as an adviser earning an annual salary of $195,200. A White House official, granted anonymity to discuss personnel matters, said Waltz stayed on to 'ensure a smooth and successful transition given the extreme importance of the role of NSA.' Sen. Jacky Rosen, a Democrat from Nevada, questioned why Waltz was still being paid by the administration. 'Throughout this year, you've made (assertions) that, if confirmed, you would root out waste and unnecessary overhead at the U.N. So can you confirm for us whether you've been receiving a salary from the White House since being let go as the NSA?' Waltz denied the fact that he had been fired, saying he was being paid as an adviser 'transitioning a number of important activities.'
Miami Herald
10 minutes ago
- Miami Herald
Were Texas flood deaths avoidable? Here's what Americans said in a new poll
Many Americans believe the deaths caused by recent floods in Texas could have been prevented, and most think that the government's response was imperfect, according to new polling. The YouGov/Economist survey — conducted July 11-14 — comes after central Texas was pummeled by flash floods beginning on July 4, when the Guadalupe River surged over its banks, sweeping away homes and leaving at least 134 dead and about 100 missing, ABC News reported. Among the worst affected areas was Camp Mystic, a Christian camp in Kerr County, where NBC News reported 27 campers and counselors lost their lives. President Donald Trump traveled to Texas on July 11 and met with the families of victims. He said he wished to express 'the love and support and the anguish of our entire nation,' CBS News reported. 'I've never seen anything like it,' he added, 'a little narrow river that becomes a monster…' In the aftermath of the devastating disaster, multiple organizations and individuals have faced scrutiny over their preparedness. Among them were Kerr County officials, who did not install a comprehensive flood warning system despite being aware of its necessity, according to the Texas Tribune. The Federal Emergency Management Agency (FEMA) has also faced criticism over its response, and the New York Times reported that it failed to answer thousands of calls from Texas flood survivors Here is a breakdown of the findings. Were deaths avoidable? In the survey — which sampled 1,680 U.S. adults — 52% of respondents said that most of the deaths could have been prevented if the government had been more adequately prepared. Twenty-nine percent said the deaths were unavoidable, and 19% said they didn't know. On this question, there was a sizable partisan divide. Most Democrats and independents — 74% and 53%, respectively — called the deaths avoidable, while just 28% of Republicans said the same. Government response The poll — which has a margin of error of 3.4 percentage points — also asked respondents to judge the government response to the flooding. A plurality, 38%, labeled the overall government response as poor, while smaller shares described it as fair (14%), good (19%) or excellent (14%). Individual officials received somewhat similar marks. When asked about Trump's response, 42% said it was poor, while fewer said it was fair (11%), good (15%), and excellent (21%). Meanwhile, 36% said Homeland Security Secretary Kristi Noem's response was poor. Eight percent said it was fair; 14% said it was good and 13% said it was excellent. Presidents visiting disaster sites Additionally, respondents were asked about presidents visiting disaster sites (the survey began on the day Trump traveled to Texas). A majority, 64%, said presidents should visit locations of disasters because it demonstrates their solidarity. Just 17% said they should not do this 'because it takes resources away from the disaster response.' The results broke along similar lines when respondents were asked specifically about Trump. Sixty-five percent said they believed Trump 'should travel to Texas to survey the damage and meet with people affected by recent flooding.' Meanwhile, 20% said he should not do this, and 15% said they were not sure.
