TSMC to Invest $100 Billion in US Chip Manufacturing, Trump Announces

TSMC to Invest $100 Billion in US Chip Manufacturing, Trump Announces

Washington (AP) — Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest semiconductor maker, plans to invest an additional $100 billion in the U.S., President Donald Trump announced on Monday, building upon the $65 billion in investments the company had previously pledged.

TSMC, which manufactures chips for major tech companies like Apple, Intel, and Nvidia, has already begun constructing three plants in Arizona, following substantial subsidies from the Biden administration. The first Arizona plant has already started mass production of 4-nanometer chips.

Trump, speaking alongside TSMC CEO C.C. Wei at the White House, hailed the investment as a “tremendous move” and emphasized its importance for the country’s economic security.

“Semiconductors are the backbone of the 21st-century economy. Without them, there is no economy,” Trump stated. “From AI to automobiles to advanced manufacturing, we must produce the chips we need in American factories with American skill and labor.”

Wei added that the new $100 billion investment will fund the construction of three additional chip manufacturing plants and two packaging facilities in Arizona, which will create thousands of high-paying jobs.

In 2022, former President Joe Biden signed the $280 billion CHIPS and Science Act to boost U.S. chip manufacturing, especially in the wake of disruptions caused by the COVID-19 pandemic, which saw overseas chip factories shutting down and affecting industries like automobile manufacturing.

Trump, however, has criticized this approach, instead advocating for high tariffs on imported chips to bring more manufacturing back to the U.S. He also argued that companies like TSMC do not need federal tax incentives to invest in the country.

In a related move, 40 employees at the Commerce Department who were involved in the implementation of the CHIPS Act were let go on Monday as part of Trump’s efforts to reduce the size of the federal workforce.

When asked whether the new investment could reduce the impact on the U.S. if China were to isolate or seize Taiwan, Trump acknowledged the severity of such an event but suggested that the U.S. would at least have a significant portion of the chip manufacturing industry on American soil.

Taiwan, which split from mainland China in 1949, has been under increasing pressure from Beijing, which claims sovereignty over the island. Trump noted that having a substantial portion of chip production in the U.S. would be beneficial but did not address Taiwan’s security directly.

Taiwan’s de facto embassy in the U.S. praised the investment, stating that Taiwanese businesses have contributed significantly to U.S. foreign investments, strengthening economic and trade relations between the two nations.

Bonnie Glaser, managing director of the Indo-Pacific program at the German Marshall Fund of the U.S., commented that Taiwan is strategically increasing its investments to strengthen its relationship with the U.S. and support Trump’s goals.

Trump has yet to clarify his stance on U.S. military support for Taiwan’s security, although he has previously stated that Taiwan should pay the U.S. for its defense.

Since taking office, Trump has hosted multiple business leaders at the White House to promote investments aimed at bolstering the U.S. economy. He has also highlighted the role of tariff threats in spurring such investments.

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