On Thursday, the Dutch government inked a hardware and technological expertise deal with Nvidia Corp (NASDAQ:NVDA) over a potential artificial intelligence (AI) facility.
The Netherlands targets a facility for an AI 'supercomputer' that could potentially contribute to research and development.
In 2024, the Dutch government earmarked 204.5 million euros ($210 million) for investments in AI.
The Nvidia deal coincided with reports indicating the Biden administration eying additional semiconductor sanctions on allies and non-allies before passing the torch to the Trump administration on January 20.
Washington could impose three tiers of chip curbs, Bloomberg reported, citing unnamed sources familiar with the matter.
ASML Holding (NASDAQ:ASML) of the Netherlands emerged as a key AI beneficiary, backed by its lithography portfolio and scalable EUV (Extreme Ultraviolet) technology, which helped contract chipmakers like Taiwan Semiconductor Manufacturing Co (NYSE:TSM) manufacture high-performance chips for Nvidia's AI processors.
The semiconductor equipment maker projected annual sales of $46.51 billion – $63.43 billion (44 billion euros – 60 billion euros) by 2030 and a gross margin target of 56%-60%. It expects global sales to surpass $1 trillion by 2030, backed by the integration of AI across industries.
Price Action: NVDA stock closed lower by 0.02% at $140.11 Wednesday.
