President Donald Trump said Monday that Taiwanese semiconductor giant TSMC will invest at least $100 billion in the United States to construct “cutting edge” manufacturing facilities. This is the latest significant financial commitment made by a private company since he took office again.
Trump, accompanied by C.C. Wei, the CEO of Taiwan Semiconductor Manufacturing Co., stated during a White House event that the company’s additional investment will be used to “build five cutting edge fabrication facilities” in addition to their current commitments.
The largest chipmaker in the world, TSMC, has already made significant investments in the US state of Arizona, where he said a large portion of the financing would be used to generate “many thousands” of well-paying jobs.
For a long time, TSMC has been under pressure to shift more of its manufacturing outside of Taiwan due to concerns that any dispute with Beijing may interrupt supplies of the vital technology.
The business promised to invest over $65 billion in three plants in Arizona during the administration of former President Joe Biden; one of these factories started production in late 2024.
Trump recently openly suggested imposing 25% tariffs on all semiconductor chips manufactured outside of the US, increasing pressure on TSMC and other chip makers.
According to Taiwan, the investment will be reviewed “in accordance with the law”.
It will consider “the company’s development while ensuring the overall competitiveness of the semiconductor industry and the country,” according to Michelle Lee, the cabinet spokesperson.
