Nuevo León Governor Samuel García at a press conference announcing a data center investment, with Nvidia denial overlaid, in a realistic news setting.
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Nvidia denies $1 billion investment in Nuevo León data center

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Nuevo León Governor Samuel García announced a $1 billion investment for a green AI data center, initially attributing it to Nvidia. The company denied any direct financial commitment, stating its support is limited to technological cooperation and talent training. García later clarified the investment comes from AI-GDC and Cipre Holding, using Nvidia technology.

At the 'México IA+ | Inversión Acelerada' event, organized by the federal Secretariat of Economy, the Business Coordinating Council (CCE), and Cipre Holding on November 12, Nuevo León Governor Samuel García declared the state would become Latin America's AI hub through a historic $1 billion investment in the first Green Data Center. 'Nuevo León se va a convertir en el hub de inteligencia artificial y qué mejor que con este gran anuncio, de una inversión histórica de un billón de dólares (mil millones de dólares) en Nuevo León, del primer Green Data Center. Eso nos tiene muy emocionados', García told the media.

The project, led by AI-Green Data Center (AI-GDC) in alliance with Cipre Holding, plans an initial $1 billion investment over the next 10 years, starting in 2026 with phases until 2030. It will use scalable infrastructure and Nvidia's high-performance processing technology for applications in manufacturing, health, and energy, operating with clean energy and efficient cooling. García also announced the creation of the Subsecretariat of Investments, Innovation, and Artificial Intelligence under the NCP program.

However, Nvidia issued a statement that day denying the claim: 'NVIDIA reafirma su compromiso con el fortalecimiento del ecosistema tecnológico en México y en toda América Latina. Se aclara que NVIDIA no realizará inversiones financieras en Nuevo León. El apoyo de la compañía a la transformación digital y al progreso tecnológico latinoamericano se basa exclusivamente en iniciativas de cooperación, investigación y formación de talento'. Later, García clarified that Nvidia designs and sells chips to companies building data centers, without direct investment.

Calista Redmond, Nvidia's vice president of Global AI Initiatives, stressed collaboration: 'En Nvidia nos sentimos muy honrados de ser recibidos en México para acompañarlos en este próximo capítulo de nuestro camino juntos'. The event aims to boost sovereign AI in Mexico, with projections to add $9 billion to annual FDI, according to CCE's Francisco Cervantes Díaz, enhancing productivity and GDP.

Nuevo León, with its industrial ecosystem in El Bajío and hubs like Monterrey, positions itself as a regional leader, though it faces challenges in training and energy sustainability for data centers.

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Reactions on X to Governor Samuel García's announcement of a $1 billion Nvidia investment in a Nuevo León AI data center are predominantly skeptical and critical, following Nvidia's denial of direct financial involvement and clarification that support is limited to technology and training. Media outlets neutrally report the discrepancy and subsequent explanation that funding comes from AI-GDC and Cipre Holding. Some users mock the governor for exaggeration, while a few defend him, arguing criticism harms the state's image. High-engagement posts from journalists and media highlight the embarrassment and question the accuracy of the initial claim.

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Nvidia CEO Jensen Huang at APEC Summit announcing 260,000 GPU deployment for South Korean AI factories, with partner executives and tech displays.
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Nvidia plans 260,000 GPU deployment for South Korean AI factories

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Nvidia has announced plans to deploy up to 260,000 of its latest Blackwell GPUs in South Korea, partnering with the government and companies like Samsung Electronics, SK Group, Hyundai Motor Group, and Naver Cloud to build AI factories. The initiative will boost the country's AI computing capacity and offer significant opportunities for Samsung and SK hynix in supplying high-bandwidth memory chips. Nvidia CEO Jensen Huang praised South Korea's world-class memory technology during the APEC CEO Summit in Gyeongju.

Nvidia CEO Jensen Huang has dismissed reports suggesting the company is backing away from a significant investment in OpenAI. Speaking in Taipei, Huang emphasized his support for the AI firm and indicated the deal could be Nvidia's largest ever, though not approaching the previously discussed $100 billion figure. This comes amid earlier announcements and recent speculation about the partnership's progress.

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Nvidia CEO Jensen Huang expressed confidence that South Korean companies will nimbly handle US tariff concerns during the Asia-Pacific Economic Cooperation (APEC) summit. He highlighted Korea's significant opportunities in physical AI and robotics, while praising partnerships with Samsung and SK hynix. The remarks came shortly after Seoul and Washington finalized a trade deal.

Spain's Ministry of Defense has announced the construction of two drone factories in León and Valladolid, with a 2 billion euro investment and 400 jobs created, as part of 79 modernization programs to be presented to NATO to justify 2% of GDP in defense spending. The initiative, driven by Indra and Edge, aims to strengthen military capabilities and national industry amid international tensions. State Secretary of Defense Amparo Valcarce highlighted that these drones will be the most advanced in Europe and NATO.

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Beijing has reportedly greenlit the sale of hundreds of thousands of Nvidia's H200 AI chips to Chinese companies, marking a key win after prolonged US export restrictions. This decision reflects a notable evolution in American technology policy toward China. Meanwhile, Nvidia CEO Jensen Huang has been enjoying casual outings in the country.

China has approved the import of high-end Nvidia AI chips following weeks of uncertainty. Over 400,000 H200 chips are set to reach major tech companies. This move reflects China's effort to meet technological demands while pursuing self-reliance.

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President Donald Trump has announced a 25% tariff on certain advanced AI chips from Nvidia and AMD, allowing their export to China while claiming a share of the sales revenue. The policy reverses a prior export ban on Nvidia's H200 chips but imposes the levy to fund US interests. Industry executives view it as a way to shield the arrangement from legal challenges.

 

 

 

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