Former President Donald Trump and Taiwan Semiconductor Manufacturing Co. (TSMC) announced a $100 billion investment in the United States on Monday.
Speaking at the White House, Trump said, “Taiwan Semiconductor will invest at least $100 billion in the U.S. over the next few years to build advanced chip manufacturing facilities.”
This investment will boost the U.S. semiconductor industry and drive new chip technology. TSMC plans to open five new manufacturing plants across the country.
Trump stood alongside TSMC CEO CC Wei, who highlighted the impact. “This investment will create thousands of high-paying jobs,” Wei said.
TSMC’s expansion comes as the U.S. works to reduce its reliance on foreign semiconductor production. Currently, much of the supply comes from Taiwan and other countries.
In a statement to The Wall Street Journal, TSMC shared its vision. “We are excited to work with U.S. leaders and industry partners. This investment strengthens the semiconductor sector and drives future innovation.”
TSMC launched its U.S. operations in 2020, starting with a $12 billion plant in Arizona. Over time, the project grew into a $65 billion facility. By 2024, the site began mass chip production.
The new $100 billion investment will expand TSMC’s U.S. operations even further.
“Semiconductors power the modern economy,” Trump said. “From AI to automobiles, we need to produce chips here in the U.S. using American workers and expertise.”
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