Major Taiwan-based chip supplier to Nvidia announces plans to build billion-dollar US factory

Taiwanese chip-testing company King Yuan Electronics said Friday it plans to invest up to $1.4 billion to establish a U.S. facility. ​Headquartered in Hsinchu, Taiwan, King Yuan Electronics serves as a major supplier to AI chip company Nvidia, the world’s most valuable company, thanks in part to its monopoly in artificial intelligence chip production.

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