President Trump announced on Monday that Taiwan Semiconductor Manufacturing Company (TSMC) will invest $100 billion in the United States over the next four years. This investment will allow TSMC to expand its production capacity and bring its most advanced semiconductor processes to its operations in Arizona. With this commitment, TSMC’s total planned spending in the United States will reach $165 billion, creating 25,000 jobs and adding three manufacturing plants in Arizona.
This expansion comes after years of concerns over national security risks due to TSMC’s dominance in the chip industry. The Trump administration lobbied for TSMC to build plants in the US, and the Biden administration furthered these efforts with the CHIPS Act, providing funding for new manufacturing facilities.
During the announcement, Mr. Trump emphasized the importance of building chips domestically for national security and economic reasons. TSMC’s CEO, C.C. Wei, highlighted American customers such as Apple and Nvidia supporting the expansion.
TSMC’s investment in the US more than doubles its previous commitment under the CHIPS Act and increases its chip production capabilities in Arizona. The company joins a list of others, including Apple and Oracle, making significant investment commitments in the US due to market opportunities and tariff avoidance. The investment is a significant development in the effort to boost domestic semiconductor manufacturing and reduce reliance on foreign supply chains.
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