TSMC CEO to meet with Trump Monday after White House teases chipmaker investment announcement
CNN
The meeting comes as the White House said it is set to announce a more than $100 billion investment in the United States by a chipmaker from Taiwan, amid a push by Trump to encourage investments in American manufacturing.
The chief executive of chipmaking giant Taiwan Semiconductor Manufacturing Company, C.C. Wei, is set to meet with President Donald Trump on Monday. The meeting comes as the White House said it is set to announce a more than $100 billion investment in the United States by a chipmaker from Taiwan, amid a push by Trump to encourage investments in American manufacturing. The White House did not name the company that will be involved in the planned announcement, which is slated for Monday at 1:30 p.m. ET in the Roosevelt Room. A TSMC spokesperson confirmed Wei is set to meet with Trump, but declined to comment on any possible forthcoming announcement. But TSMC is the largest and most prominent semiconductor manufacturer in Taiwan — and the world — and its chips power countless tech products, from cars to iPhones. TSMC in recent years has invested in manufacturing capacity in the United States, which includes a new Arizona factory that began producing chips for Apple in January. “Back in 2020, thanks to President Trump’s vision and support, we embarked on our journey of establishing advanced chip manufacturing in the United States,” TSMC said Monday in a statement to CNN. “We’re pleased to have an opportunity to meet with the President and look 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.” If Trump and Wei do make the announcement together Monday afternoon, TSMC will become just the latest tech company promising to funnel hundreds of billions of dollars into the United States.
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