Nvidia CEO Jensen Huang Forecasts Semiconductor Industry Must Grow Tenfold by Next Decade
In an exclusive interview with Bloomberg on July 27, 2026, Nvidia CEO Jensen Huang projected that the global semiconductor industry must grow tenfold over the next decade to support a future where AI agents and robots replace today's human computing endpoints. He estimated this shift could involve up to 100 billion autonomous systems using computers instead of just one billion people. Huang emphasized the need for expanded supply chains, particularly in South Korea, which he described as pivotal due to its strong semiconductor industry. Nvidia is already taking steps toward this future through a $500 billion partnership with SK Group focused on high-bandwidth memory (HBM) roadmaps and AI supercomputers. Additionally, the company announced a $1 billion investment in Naver Corp for an AI data center expansion in South Korea. Huang also highlighted that reasoning-based AI models require significantly more compute power than current chatbots, reinforcing his thesis of industry growth. Nvidia's recent financial performance supports this aggressive outlook: fiscal Q1 2027 revenue reached $81.61 billion with a year-over-year increase of 85.2%, and the company raised its dividend while authorizing an additional $80 billion in share buybacks.
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Topics: AI industry growth Jensen Huang Nvidia semiconductors