‘Amazing Grace’: the name behind Nvidia’s $2tn chip empire

R Adm Grace Hopper, namesake of the tech titan's new superchip, pioneered the idea of automatic programming

In the arid tech sphere of semiconductor manufacturing, one hardback book-sized processor stands out: Nvidia's H-100. On Friday, the Santa Clara, California, company surpassed $2tn in valuation. Where it goes next will be down to a chip named after Amazing Grace" Hopper, a US navy rear admiral who became instrumental in the development of design and implementation of programming languages.

Nvidia supplies approximately 80% of the global market in chips used in AI applications. The company's H-100 chips - the H is for Hopper - are now so valuable they have to be transported by armored car, the Wall Street Journal reported on Friday, and demand is so great that some customers are waiting as long as six months to receive it.