The dream of getting a million dollar investment from Nvidia did not last long for the state of Nuevo León. On Wednesday afternoon, the technology giant denied making financial investments in the northern state, as previously indicated by state Governor Samuel Garcia. “It is clear that Nvidia will not make financial investments in Nuevo León. The company’s support for digital transformation and technological advancement in Latin America is based exclusively on collaboration, research and talent training initiatives,” the company said in a statement.
The company was forced to issue this statement after Garcia announced at an event attended by more than 1,000 participants in Mexico City that Nvidia would spend $1 billion to build a data center in the state. “Nvidia already has the land and everything ready to stabilize its investments. We want the industry of the future to arrive in Nuevo León: chips, semiconductors, robotics and of course artificial intelligence,” Garcia announced Wednesday at a company event in Mexico City.
García’s euphoria over Nvidia’s supposed $1 million spending was accompanied by two messages and a video on his social networks: “Nvidia, the most important software and AI company, is coming to our state with an investment of $1 billion. They will build nothing more and nothing less than the first green data center for AI in Mexico, and it will obviously 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 endorse its governor’s announcement. The state team reported that the $1,000 million investment will come to Nuevo León, but it is Cipre Holdings that will build the data center and empower it with servers, semiconductors and Nvidia technology. Aiming to help attract technology investments, the Garcia administration created the position of Undersecretary for Investment in Artificial Intelligence, which will have a budget of 500 million pesos.
This is not the first time that the governor of Nuevo Leon has rushed to announce a million-dollar investment. In March 2023, García announced that his state would be the headquarters for the first Tesla Gigaplant in Mexico. The electric vehicle factory will be built in the municipality of Santa Catarina and will involve an investment of more than $5,000 million and generate 7,000 direct jobs. At the time, Movimento Ciudadano, the city’s governor, said that landing a Tesla, owned by mogul Elon Musk, would turn his territory into a “hub” for electric mobility. However, more than two years later, the 1,000-hectare area at the foot of the Sierra Madre remains abandoned. 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. The dilemma Indefinitely.
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