President Donald Trump announced Wednesday that multiple large tech companies like NVIDIA, IBM and SoftBank have recently committed billions of dollars to manufacturing in the U.S. that will support artificial intelligence and other emerging technologies. 

Speaking from the White House, NVIDIA unveiled its plans to produce up to $500 billion to manufacture its artificial intelligence-enabling computing chips in the U.S.

“NVIDIA reinvented computing for the first time after 60 years,” NVIDIA CEO Jensen Huang said in remarks alongside Trump. “The really amazing thing is that this computer is the engine of a whole new industry. And this new industry is called artificial intelligence.” 

Huang’s remarks build on his previous initiative to root the computer supply chain in the U.S. in announcing the construction of a manufacturing facility in Arizona dedicated to the company’s Blackwell chip.

The manufacturing facilities themselves, Huang added, will incorporate AI and digital twin systems to modernize the technology manufacturing process. He thanked Trump for the “great policies” enabling these investments. 

Japanese multinational conglomerate SoftBank also expanded upon its earlier Stargate project, which pledged $500 billion to create more AI infrastructure — such as manufacturing plants and energy centers — with software companies Oracle and OpenAI.

SoftBank Chairman and CEO Masayoshi Son also pledged another $200 billion to scale the U.S. AI infrastructure on Wednesday, resulting in $700 billion to be spent over the course of four years specifically towards the U.S. AI ecosystem.

“The importance is: This is the largest infrastructure for AI, which is the future of mankind, I believe. It’s going to change every industry … [and] mankind’s lifestyle,” Son said. “I am committed; [the] U.S. is the center of innovation, [the] U.S. must continue the leadership of AI.”

Among the other financial commitments Trump listed were IBM’s $150 billion computing investment, featuring $30 billion dedicated to research and development to build standard computer mainframes and new quantum computing systems.

“Technology doesn’t just build the future — it defines it,” IBM Chairman, President and CEP Arvid Krishna said in a Monday press release. “We have been focused on American jobs and manufacturing since our founding 114 years ago, and with this investment and manufacturing commitment we are ensuring that IBM remains the epicenter of the world’s most advanced computing and AI capabilities.”

Trump also reiterated Apple’s commitment of $500 billion to scale manufacturing plants across nine states, focusing on building the company’s bespoke Apple Intelligence servers and silicon engineering.

The slew of corporations that have agreed to participate in Trump’s bid to jumpstart the U.S. manufacturing sector has led to some optimism within the tech sector, such as OpenAI Chief Product Officer Kevin Weil’s comments in March forecasting the Trump administration’s support in building out AI infrastructure.

“One of the things I’m really excited about in the current administration is: Trump is going to help us build a lot of infrastructure,” Weil said at the time during the HumanX Conference in Las Vegas, Nevada. “We need to build a lot of infrastructure.”

The threat of Trump’s tariff regime also adds an incentive for companies to move manufacturing operations and supply chains within the U.S. This coincides with Commerce Secretary Howard Lutnick’s posture on “strategically-applied tariffs” being critical to boosting U.S. manufacturing. 

“We need those supply chains here,” he said during his confirmation hearing. “It is vital to our national interest. It is time for us to take care of ourselves, and I think tariffs will encourage companies to come back and build in America, which is something I think our workers need.”