President Donald Trump said Monday that the chip-making giant TSMC will invest "at least" $100 billion in the United States to build "cutting edge" chip manufacturing facilities, in the latest blockbuster financial pledge by a private company since his return to office in January.
Taiwan Semiconductor Manufacturing Co's new investment will come on top of their existing commitments of around $65 billion, and will go into "building five cutting edge fabrication facilities," Trump said during a White House event flanked by TSMC's chief executive, C.C. Wei.
He added that much of the funding would be invested in the state of Arizona, where TSMC -- the world's largest chipmaker -- has already invested heavily, and would create "many thousands" of high-paying jobs.
Since regaining the White House, Trump has called on companies to create more manufacturing jobs in the United States, while threatening to impose steep levies on those who do not.
He has invited executives from some of the world's largest companies -- including OpenAI and Oracle -- to the White House to announce investments worth hundreds of billions of dollars in U.S. manufacturing.
TSMC has long faced demands to move more of its production away from Taiwan, and previously pledged to invest more than $65 billion in three factories in Arizona, one of which began production in late 2024.
"We are going to produce many chips to support AI progress, and to support smartphones' progress," C.C. Wei said Monday, confirming the investment.
© 2025 AFP
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deanzaZZR
Promise Trump the sun and the moon and take the commemorative photos with Trump making so many "amazing" deals.
Reality will likely be very different but Trump won't be around once that is realized.
HopeSpringsEternal
Why pay tariffs, when you can diversify away part of your "China" CCP risk, receive a lower tax rate and favorable regulatory environment and lower your energy costs?
Huge $capital flows into US = MAGA
GBR48
Promises are free. That's why politicians make so many of them.
If Taiwan moves enough of its chip manufacturing to the US, its future may be remarkably similar to that of Afghanistan.
HopeSpringsEternal
Would anyone invest in Taiwan with their money given the Chinese military buildup and behavior? TSMC dealing in reality, why Taiwan depopulating rapidly etc.
deanzaZZR
This sales pitch falls flat when you look at TSMC's growth and profits over the past decade. Taiwan is only investing in the USA because it is getting squeezed.
If TMSC wants some redundancy their investment in Japan makes the most sense.
Cephus
HopeSpringsEternal,
"Why pay tariffs, when you can diversify away part of your "China" CCP risk, receive a lower tax rate and favorable regulatory environment and lower your energy costs?
Huge $capital flows into US = MAGA"
Exactly!! But the problem is some uses their emotions against their good judgement. Or rather some will oppose the investment just because President DJT is in power.