ENA Sectors 2024-10-25 14:39:18 <p><span style="font-size:14px"><strong>New Delhi, Oct 25 (KNN)</strong> Nvidia, the powerhouse chipmaker fast closing in on Apple to become the worlds most valuable company, is ramping up its presence in India, the world's most populous country, as it seeks to ride the wave of AI-driven growth.</span></p> <p><span style="font-size:14px">Nvidia CEO and founder Jensen Huang, currently visiting India, is spearheading key collaborations with major Indian corporations like Reliance and Infosys, underscoring the critical role India will play in the companys global strategy.</span></p> <p><span style="font-size:14px">At the Nvidia AI Summit 2024 held at the Jio World Convention Centre in Mumbai, Huang made ambitious announcements, emphasising the companys commitment to making India a central hub for the next industrial revolution.</span></p> <p><span style="font-size:14px">Huang revealed that Nvidias India operations will experience a 20-fold increase in computing power in the coming year, pointing to the countrys growing prominence in the global AI landscape.</span></p> <p><span style="font-size:14px"> We want India to be at the heart of this new industrial revolution, Huang stated during the summit, signalling the companys long-term intent to align with Indias ambitions of becoming a global semiconductor and AI powerhouse.</span></p> <p><span style="font-size:14px">Nvidias latest moves follow a growing trend of major tech companies betting on Indias semiconductor design capabilities and burgeoning digital market, given its population size and skilled workforce.</span></p> <p><span style="font-size:14px">The Economic Times reported earlier this week that Nvidia is in talks with the Indian government to co-develop a new semiconductor chip&mdash;an indication of the companys deeper interest in tapping into Indias nascent but rapidly expanding semiconductor ecosystem.</span></p> <p><span style="font-size:14px">India recently caught global attention with companies like Micron investing in semiconductor assembly and packaging units in the country. Nvidias potential partnership for chip development could further solidify Indias position in the global tech supply chain.</span></p> <p><span style="font-size:14px">Huangs collaborations with Reliance and Infosys hint at Nvidias desire to tap not just the domestic AI market, but also leverage Indias expertise in software and semiconductor design.</span></p> <p><span style="font-size:14px">The chipmakers strategy aims to address Indias growing demand for AI computing solutions across industries such as telecommunications, healthcare, and manufacturing.</span></p> <p><span style="font-size:14px">As Nvidia looks to outpace Apple in market valuation, its investments in India reflect a larger trend: the pursuit of new markets and advanced manufacturing capabilities amid growing geopolitical shifts in the global tech landscape.</span></p> <p><span style="font-size:14px">India, with its population size, talent pool, and evolving tech ecosystem, seems poised to play a pivotal role in Nvidias future.</span></p> <p><span style="font-size:14px">With Huangs visit and Nvidias increasing focus on the region, India stands ready to emerge as a vital AI and semiconductor hub&mdash;offering, in Huangs words, fab opportunities for growth.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 39707 https://knnindia.co.in/news/newsdetails/sectors/nvidia-partners-with-indian-giants-to-foster-ai-growth-and-semiconductor-development 2024-10-25 14:39:18 knnindia.co.in