NVIDIA is negotiating a direct investment of up to $3 billion (roughly NT$96 billion) in SB EnergyCITE:E9. The Information first reported that NVIDIA is in talks to invest as much as $3 billion in the SoftBank energy and infrastructure subsidiaryCITE:E1. The structure under discussion would split the sum into two tranches: $1.5 billion paid when the Ohio project agreement is signed, and another $1.5 billion invested when SB Energy carries out its planned initial public offeringCITE:E4.
SB Energy, a SoftBank subsidiary founded in 2019, is developing an Ohio data center campus for OpenAI with OpenAI's strategic backingCITE:E2CITE:E6. The company is focused on large-scale power and data center infrastructure development and is currently expanding several data center campuses to meet growing artificial intelligence compute demandCITE:E6. Sources describe the Ohio campus as addressing OpenAI's expanding compute needs, since training its next-generation large language models requires stable computing infrastructure and power supply, which has become a key bottleneck for the companyCITE:E10.
NVIDIA, OpenAI, and SB Energy are discussing credit support of up to $100 billion (roughly NT$3.2 trillion) for the Ohio data center campusCITE:E3CITE:E11. The Wall Street Journal reported that NVIDIA has since revised its plan, with the first-phase guarantee amount now expected to come in below $120 billion, down from a previously discussed figure of $250 billionCITE:E7.
| Item | Amount |
|---|---|
| NVIDIA direct investment in SB Energy | Up to $3 billion (~NT$96 billion) |
| Investment structure | $1.5 billion at signing + $1.5 billion at IPO |
| SB Energy IPO fundraising target | At least $5 billion |
| Three-party credit support under discussion | Up to $100 billion (~NT$3.2 trillion) |
| First-phase guarantee cap (revised) | Below $120 billion |
| First-phase guarantee cap (previous figure) | $250 billion |
| SB Energy founding year | 2019 |
Market analysts see the SB Energy deal as NVIDIA shifting from GPU sales toward direct investment in AI infrastructure and energy projectsCITE:E12. Rather than relying solely on profits from selling GPUs, NVIDIA is reportedly redirecting cash into the lower layers of the supply chain, using direct investment and credit guarantees for AI infrastructure and energy projects to ensure large customers such as OpenAI have enough data center capacity to house its GPUsCITE:E12.
SB Energy is expected to go public as early as next month, targeting at least $5 billion in its IPOCITE:E5. The second $1.5 billion tranche of NVIDIA's proposed investment is tied to the timing of that listingCITE:E4.
The three-party talks remain ongoing, with terms subject to change and no official comment yet from NVIDIA, SB Energy, or OpenAICITE:E13. Sources familiar with the matter said the specific investment terms, financing structure, and final amounts could all still change before any agreement is finalizedCITE:E13. Reuters said it could not immediately verify the report, noting that NVIDIA and SB Energy did not immediately respond to requests for comment outside normal business hoursCITE:E8.
The numbers reported across the negotiation have moved in different directions at the same time: the proposed direct equity investment in SB Energy stands at $3 billionCITE:E9, while the far larger credit-support figure tied to the same Ohio campus has reportedly been cut from $250 billion to below $120 billionCITE:E7, against an earlier discussed ceiling of $100 billionCITE:E3CITE:E11. That gap, combined with the fact that none of the three parties have issued an official comment and Reuters could not independently verify the report, underscores that the deal's final scale and structure remain unsettled even as SB Energy's IPO timeline — as early as next month — moves forward on a separate trackCITE:E5CITE:E13.
It would be split into two tranches: $1.5 billion paid at signing of the Ohio project agreement and $1.5 billion invested when SB Energy holds its IPO.
SB Energy is expected to list as early as next month and is targeting at least $5 billion in its IPO.
Yes — the first-phase guarantee amount is now expected to be below $120 billion, down from a previously discussed $250 billion, according to The Wall Street Journal.
No. All three parties had not issued an official comment as of the report, and Reuters said it could not immediately verify the details.
Taiwan's robo-advisory market held NT$19.034 billion in assets across 257,846 client accounts at 16 providers as of June 30, 2026, up 36.3% year-on-year, the Financial Supervisory Commission (FSC, 金管會) said, with one more bank's application still under review.<CITE:E1>
US Commerce Secretary Howard Lutnick says the Trump administration explicitly told Apple (蘋果) it does not want the company sourcing memory chips from China, even as Apple tests China's CXMT and YMTC chips amid an AI-driven shortage, and faces pressure from state senators and rival chipmaker Micron.
The TAIEX closed at 45,811.01 on August 16, up 1,585.10 points, or 3.58%, for the week<CITE:E1>. SinoPac Securities Investment Consulting said cloud service providers' AI investment pace remains unshaken despite negative free cash flow<CITE:E3>, while E.SUN Securities Investment Trust's Du Hsin-pei projected 2026 profit growth of 42% overall and 53% for AI-related stocks<CITE:E7>. Both firms flagged inflation and supply-chain risks ahead<CITE:E4><CITE:E8>.