America’s plan to “re-industrialize” technology manufacturing is “exactly the right thing,” said Jensen Huang, CEO of the world’s leading AI chipmaker.
In an interview with CNN’s Fareed Zakaria, Huang, who heads the Santa Clara, California-based Nvidia, said the United States should invest in manufacturing and is currently “missing that entire band in our industries.”
“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 said.
Another CEO just talking the talk.
Let me guess, NVidia will do it if they get a bunch of government money. But instead of doing that they just buy back their stocks.
So what’s Jensen Huang made?
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Someone looking for a handout. We just gave a shitload of money for the chips act and what did that get us? Some actual movement from TMSC to build some plants at the point of a gun but we’re relatively better than China so they said ok, and Intel, who just laid off 2500 people just in Portland this week. Dunno, repurpose the Intel $ for NVDA I guess.
Intel is in a death spiral. They wasted a lot their capex and R&D money on share buy backs.
25 years behind Boeing, same playbook. What could go wrong?
Not going to happen with that idiot in office. He cut basically all manufacturing initiatives.
