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TSMC to Invest $100B More in U.S. Chip Manufacturing
Taiwan Semiconductor Manufacturing Co. will invest an additional $100 billion in U.S. chip production and build more factories here in the coming years, the company and President Trump announced Monday. The new capital brings TSMC’s total investment in the U.S. to $165 billion, building on its $65-billion commitment to open three factories in Arizona.
At a press conference Monday, Trump called TSMC’s new commitment a “tremendous move by the most powerful company in the world,” CNBC reported. The company supplies chips to Nvidia, Apple and others for artificial intelligence use.
The new investment would help support the Trump administration’s efforts to make the U.S. an AI hub, reported CNBC. Last month, Trump announced a multibillion-dollar AI infrastructure project with Oracle, OpenAI and Softbank.
TSMC said at Monday’s news conference it looks “forward to discussing our shared vision for innovation and growth in the semiconductor industry, as well as exploring ways to bolster the technology sector along with our customers.”
- ◦Development
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- ◦Policy/Gov't
