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Taiwan chip stocks climb after Nvidia announces $150 billion spending plans
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- Nvidia is expanding heavily in Taiwan with a new campus and a tenfold increase in annual spending, CEO Jensen Huang announced Wednesday, as the chipmaker plans for artificial intelligence-powered growth.
- Taiwan's Taiex stock index climbed 1.7% to a record close on Wednesday.
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Nvidia is expanding heavily in Taiwan with a new campus and a tenfold increase in annual spending, CEO Jensen Huang announced Wednesday, as the chipmaker plans for artificial intelligence-powered growth.
Taiwan's Taiex stock index climbed 1.7% to a record close on Wednesday. Also helping gains was news that South Korea's SK Hynix and U.S.-based Micron became the latest chip-related companies to reach $1 trillion in market value.
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