The investment plan, announced at the White House, was made as the Trump administration pushes to bring chip making back to the United States.
Taiwan semiconductor company TSMC plans to make a fresh $100 billion investment in the United States that involves building five additional chip facilities there in coming years, its CEO announced with President Donald Trump on Monday.
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Trump announces Taiwanese chipmaking giant TSMC to invest $100 billion in US manufacturingIt’s a matter of economic security, it’s also a matter of national security for us,” Trump said, adding that it would help TSMC diversify away from chipmaking in Taiwan. The White House had teased the announcement earlier Monday. TSMC is the world ...
The deal is not set in stone. Under Taiwanese law, TSMC is required to have government approval for any foreign investment of more than US$1.5 billion — a fraction of this deal’s size.
The company had already begun constructing three plants in Arizona after the Biden administration offered billions in subsidies.
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