The dream of securing a million-dollar investment from Nvidia did not last very long for the State of Nuevo León. The technology giant denied this Wednesday afternoon that it was going to make financial investments in the northern state, as the state governor, Samuel García, had previously indicated. “It is clarified that Nvidia will not make financial investments in Nuevo León. The company’s support for digital transformation and Latin American technological progress is based exclusively on cooperation, research and talent training initiatives,” the company said in a positioning.
The company was forced to issue this statement after García announced at an event with more than 1,000 attendees in Mexico City that Nvidia would spend $1 billion to build a data center in the State. “Nvidia already has land and everything ready for them to install their investment. We want the industry of the future to arrive in Nuevo León: chips, semiconductors, robotics and, of course, artificial intelligence,” García announced this Wednesday at a company event in Mexico City.
García’s euphoria over Nvidia’s supposed million-dollar outlay was accompanied by a couple of messages and a video on his social networks: “Nvidia, the most important software and Artificial Intelligence company, is coming to our State with an investment of one billion dollars. They will build no more and no less than the first Artificial Intelligence Green Data Center in Mexico, and obviously it will be in Nuevo León,” he wrote on the social network X.
After Nvidia’s denial, the Nuevo León government’s communications team came out to qualify its governor’s announcement. The State team reported that the investment of 1,000 million dollars will reach Nuevo León, but it will be the company Cipre Holdings that will build the data center and enable it with servers, semiconductors and Nvidia technology. With the aim of gaining a hand in attracting technological investments, the García Administration created an undersecretary of investment in artificial intelligence, which will have a budget of 500 million pesos.
This is not the first time that the governor of Nuevo León has rushed to announce a million-dollar investment. In March 2023, García announced that his State would be the headquarters of the first Tesla gigaplant in Mexico. The electric car factory would be installed in the municipality of Santa Catarina and would involve an investment of more than 5,000 million dollars and would generate 7,000 direct jobs. At that time, the governor of Movimiento Ciudadano stated that the landing of Tesla, owned by magnate Elon Musk, would turn his territory into the “hub” of electromobility. However, more than two years away, the 1,000-hectare property at the foot of the Sierra Madre remains deserted. The arrival of Donald Trump and his protectionist policies to the White House, coupled with Tesla’s internal problems, brought the ambitious project to a halt. impasse indefinite.
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