Trump announces $100B investment in U.S. from TSMC, calls it 'most powerful company' in world
Taiwan Semiconductor Manufacturing will pour $100 billion into bolstering chip manufacturing in the U.S., President Donald Trump announced Monday.
Taiwan Semiconductor Manufacturing will pour $100 billion into bolstering chip manufacturing in the U.S., President Donald Trump announced Monday.
The president called the investment a “tremendous move by the most powerful company in the world.” The new capital brings TSMC’s total investment in the U.S. to $165 billion and will go toward building five new fabrication facilities in Arizona.
The announcement from TSMC, which supplies semiconductors to the likes of Nvidia and Apple for artificial intelligence use, supports the Trump administration’s ongoing efforts to make the U.S. an artificial intelligence hub.
Last month, Trump announced a multibillion-dollar AI infrastructure project with Oracle, OpenAI and Softbank. He has also made numerous calls to bring semiconductor production back to the U.S. after much of the manufacturing industry moved abroad. Advancing semiconductor production in the U.S. is a matter of economic and national security, Trump said Monday.
Trump has repeatedly called out and accused Taiwan of stealing the U.S. chip manufacturing business and touted tariffs on semiconductor imports. The company’s finance chief, Wendell Huang, told CNBC in January that he was confident the new White House administration would continue funding the company’s U.S. ambitions.
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