NVIDIA Corp's CEO Jensen Huang has announced that the company's advanced Blackwell chips will be shipped to customers in the fourth quarter. Production is currently taking place at TSMC's facilities.

The new chip architecture is expected to greatly improve performance and efficiency, meeting the growing demands in artificial intelligence, data centers, and gaming technologies. The Blackwell chips will strengthen NVIDIA's dominance in the GPU market, providing enhanced compute capabilities for high-performance applications.

According to Statista, the global GPU market is projected to experience significant growth, reaching $274.2 billion by 2029, with a compound annual growth rate of 33.2%.