The new Arizona chip factory is due to be up and running by next year and a second fab making the most advanced chips set to start production in 2026

Fresh export control rules being considered by the US will prohibit Nvidia from selling to China even those chips it specifically designed to meet earlier limits

"The process of diversifying in different geographies is an excellent strategy by TSMC and so TSMC is now part of Nvidia's diversity and redundancy strategy," chief Jensen Huang said