The chips are being produced at full capacity at the Taiwan Semiconductor Manufacturing Company's (TSMC) manufacturing facilities, he said.

Huang made the announcement during the NVIDIA AI Summit India, held at the Jio World Convention Centre in Mumbai on Thursday (Oct. 24).

The Blackwell chips are expected to offer significant improvements in both performance and efficiency, catering to the increasing demands in AI, data centers, and gaming technology.

The new architecture aims to reinforce NVIDIA’s dominance in the GPU market by boosting computational power for high-performance applications.

Industry forecasts by Statista estimate the global GPU market at $65.3 billion in 2024, with expectations to grow at a compound annual growth rate (CAGR) of 33.2 percent, reaching $274.2 billion by 2029.