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Nvidia makes a major change as it prepares to enter a hot new market

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Nvidia plans to hire 1,000 workers in Taiwan to develop its ASIC chip technology.

The chip maker is reportedly taking steps to shift its operations away from the focus on the GPUs that made it a tech sector leader.

Recent data predicts that the inference AI chip market will likely continue growing, reaching a $90.6 billion valuation by 2030 .