Officials from Nuevo León with executives from AI-GDC and Cipre Holding during the announcement of the state’s first high-performance AI and computing center via Gobierno de Nuevo LeónNvidia, last week, denied claims that it plans to invest $1 billion to build a data center in Nuevo León, hours after Governor Samuel García publicly announced the project at the Mexico IA+ Accelerated Investment forum. The governor’s statement, shared on his official X account alongside individuals he identified as Nvidia executives, asserted that the chipmaker would fund Mexico’s first Green Artificial Intelligence Data Center.
“Nvidia does not have financial investment plans in Nuevo Leon,” the company said in a statement to Reuters. “The company’s support for digital transformation and technological progress in Latin America is based exclusively on cooperation initiatives, research and talent development.”
Despite Nvidia’s public denial, the governor’s original post remained online as of Thursday morning. His announcement immediately drew scrutiny, especially as large-scale technology investments typically require formal agreements, due diligence and multi‑stage negotiations.
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Hours later, the Nuevo León government issued a clarification, confirming that while the US $1 billion investment will indeed come to the state, it will not come from Nvidia. Instead, the funding will be provided by Cipre Holdings, a Mexican artificial intelligence company planning to build a green hydrogen‑powered data center in the region.
Representatives from Cipre Holdings told El Economista that “Nvidia will not invest. It’s us, private companies, who will invest.” Jessica Peña, director of Mexico IA+ Accelerated Investment and a representative for Cipre Holding, explained that the company will adopt Nvidia’s technology to power the facility. “What Nvidia provides is technology and infrastructure that we decided to acquire in order to implement and develop their solutions for our companies, governments and all those who require this type of artificial intelligence infrastructure,” Peña said.
According to Peña, the upcoming data center will serve clients within Mexico as well as international users, positioning Nuevo León as a growing hub for advanced computing. While the state has attracted major technology and nearshoring interest in recent years, the incident adds to a pattern of premature announcements from the governor.
In 2023, García revealed that Tesla would invest over US $4 billion to build a gigafactory in Santa Catarina near Monterrey. However, Tesla CEO Elon Musk later said he was not ready to “go full tilt” on the project due to global economic conditions. The site has yet to move forward, and construction remains on hold.
The latest clarification underscores that Nvidia’s involvement in Nuevo León will be limited to supplying technology rather than financial investment. Meanwhile, the $1 billion venture – funded by Cipre Holdings, is expected to move ahead independently of the governor’s initial framing.
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