Nvidia’s AI mania provides new urgency to Biden’s goal of boosting US chipmakers

Nvidia’s blockbuster results on Wednesday demonstrated the insatiable demand for semiconductors to power new AI systems and the fear that supply may not be able to keep up.

That could make Washington’s goal of revitalizing US chip manufacturing in the years ahead even more pressing.

The Biden administration is currently in the early stages of a series of announcements about how it will spend $50 billion in taxpayer dollars in the coming years to help ensure that America is not left behind.