Trump to announce Taiwanese company's $100 billion investment in U.S. chip plants
CBSN
Washington — President Trump on Monday will announce that a leading Taiwanese semiconductor chip company plans to invest $100 billion in new manufacturing plants in the U.S., two sources tell CBS News.
Taiwan Semiconductor Manufacturing Company, or TSMC, is one of the world's three largest manufacturers of semiconductor chips, and plans to make the major investment over the next four years, the sources said.
Mr. Trump expected to make the announcement at a 1:30 p.m. event in the Roosevelt Room of the White House. The Wall Street Journal was first to report the investment pledge.
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There's at least one thing Americans widely agree on about President Donald Trump: they think he's changing the way the government works.