Trump announces Taiwanese chipmaking giant TSMC to invest $100 billion in US manufacturing
CNN
Chipmaking giant Taiwan Semiconductor Manufacturing Company plans to invest at least $100 billion to grow its US manufacturing operations, President Donald Trump announced from the White House on Monday alongside the firm’s CEO C.C. Wei, Commerce Secretary Howard Lutnick and White House AI and Crypto Czar David Sacks.
Chipmaking giant Taiwan Semiconductor Manufacturing Company plans to invest at least $100 billion to grow its US manufacturing operations, President Donald Trump announced from the White House on Monday alongside the firm’s CEO C.C. Wei, Commerce Secretary Howard Lutnick and White House AI and Crypto Czar David Sacks. The announcement comes amid a larger push by Trump to encourage investments in American manufacturing. The investment will contribute to building three advanced chipmaking fabrication plants — in addition to one the company already has running in the state and two others in the works in Arizona — and is expected to create tens of thousands of jobs. As part of the announcement, TSMC will also build two advanced packaging facilities, where smaller chips are assembled into more powerful systems, and a research and development center, the company confirmed Monday. The announcement means TSMC will have a total of six US fabrication plants, plus the additional facilities. Previously, Trump had indicated during Monday’s event that there would be five fabrication plants. Monday’s announcement brings TSMC’s US investments to around $165 billion, Trump said.
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