Companies

Nvidia Teams Up with Dutch Government to Build Cutting-Edge AI Supercomputer Facility

Published January 9, 2025

On Thursday, Nvidia Corp (NVDA) collaborated with the Dutch government in a significant agreement aimed at developing a state-of-the-art artificial intelligence (AI) supercomputer facility.

The Dutch government envisions this AI supercomputer as a vital tool that could enhance research and development efforts across various sectors.

To support this initiative, the government has allocated 204.5 million euros (approximately $210 million) for AI investments for the year 2024.

Also Read: Nvidia Highlights AI Chips Powering PUBG, Robotics ‘ChatGPT Moment,’ Automotive Expansion And More At CES Event

This partnership comes amidst reports that the Biden administration is considering additional semiconductor sanctions. These potential sanctions could impact both allies and non-allies of the U.S. as the administration prepares to transition to the Trump administration on January 20.

According to a report from Bloomberg, Washington may establish three tiers of restrictions regarding semiconductor exports.

The Dutch company ASML Holding is poised to be a significant beneficiary of this collaboration, given its advancements in lithography and scalable EUV (Extreme Ultraviolet) technology. This technology has been crucial for fabricating high-performance chips, which are integral to Taiwan Semiconductor Manufacturing Co's production of Nvidia’s AI processors.

ASML has projected robust annual sales ranging between $46.51 billion and $63.43 billion (44 billion euros – 60 billion euros) by 2030, with an ambitious gross margin target of 56%-60%. The company expects that global sales could exceed $1 trillion by 2030, driven by the increased integration of AI across various industries.

Price Action: On Wednesday, NVDA stock closed down by 0.02%, finishing at $140.11.

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