The dream of securing a millionaire investment from Nvidia did not last long for the State of Nuevo León. The technology giant denied this Wednesday afternoon that it intends to make financial investments in the northern state, as the governor of the state, Samuel García, had previously indicated. “It is clarified that Nvidia will not make financial investments in Nuevo León. The company’s support for the digital transformation and technological progress of Latin America is based exclusively on cooperation, research and talent training initiatives,” the company said in a statement.
The company was forced to release 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 to make their investment. We want the industry of the future to come to Nuevo León: chips, semiconductors, robotics and, of course, artificial intelligence,” García announced on Wednesday at a company event in Mexico City.
García’s euphoria over Nvidia’s alleged millionaire spending 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 a billion dollars. They will build nothing more and nothing 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
After Nvidia’s denial, the communications team of the government of Nuevo León intervened to qualify its governor’s announcement. The state team reported that the 1,000 million dollar investment will come to Nuevo León, but the Cipre Holdings company will build the data center and equip it with servers, semiconductors and Nvidia technology. With the aim of helping attract technological investments, the García Administration has created an undersecretary for investments in artificial intelligence, which will have a budget of 500 million pesos.
It is not the first time that the governor of Nuevo León has rushed to announce a millionaire 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 over 5,000 million dollars and generate 7,000 direct jobs. At the time, the governor of the Citizens’ Movement declared that the landing of Tesla, owned by the tycoon Elon Musk, would transform his territory into the “hub” of electromobility. However, more than two years later, the 1,000 hectare property at the foot of the Sierra Madre remains deserted. The arrival of Donald Trump and his protectionist policies in the White House, together with Tesla’s internal problems, blocked the ambitious project. impasse indefinite.
