TSMC to announce $100B investment in US chip manufacturing
Taiwan Semiconductor Manufacturing Company (TSMC) plans to announce a $100 billion investment in U.S. chip manufacturing plants on Monday, the White House confirmed.
The multibillion-dollar investment, first reported by The Wall Street Journal, will stretch out over the next four years.
TSMC CEO C.C. Wei will be at the White House later Monday, the semiconductor company said.
“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,” a TSMC spokesperson said in a statement.
“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,” they continued.
TSMC has invested more than $65 billion into constructing a series of fabs in Arizona, which were first announced in 2020. The first of three fabs began production in the fourth quarter of last year.
The semiconductor giant’s announcement is the latest in a series of commitments from major technology companies. Apple unveiled plans last week to invest $500 billion and hire 20,000 people in the U.S. over a four-year period.
In early January, Trump announced that Emirati billionaire Hussain Sajwani intended to invest $20 billion to build data centers in the U.S.
The announcement came just weeks after then president-elect Trump unveiled a $100 billion commitment from the Japanese company SoftBank to invest in artificial intelligence (AI) and other emerging technologies in the U.S.
-
TSMC to unveil $100bn investment in advanced manufacturing in the US
Latest corporate overture to Trump administration marks effort to ward off possible tariffs on chips from TaiwanFinancial Times - 4h -
Trump announces Taiwanese chip giant's $100 billion investment in U.S.
President Trump announced that a leading Taiwanese semiconductor chip company plans to invest $100 billion in new manufacturing plants in the U.S.CBS News - 1h -
Trump announces $100 billion investment in U.S. from TSMC, calls it 'most powerful company' in world
President Donald Trump announced a $100 billion investment from Taiwan Semiconductor Manufacturing to boost U.S. chip building.CNBC - 20m -
Apple announces $500bn in US investments over next four years
Spending ranges from new AI server factory in Texas to film and TV content and may add 20,000 jobs. Apple announced Monday it would invest $500bn in the US in the next four years that would ...The Guardian - Feb. 24 -
Breaking down Trump's investment plan with TSMC
President Trump is set to announce an investment of $100 billion from the Taiwan Semiconductor Manufacturing Company for new manufacturing plants in the U.S. CBS MoneyWatch's Kelly O'Grady reports.CBS News - 3h -
Trump makes investment announcement
Watch live coverage as President Trump makes an investment announcement at the White House.NBC News - 7h -
Apple announces $500 billion investment in US amid tariff threats that could affect the iPhone
Apple announced Monday that it plans to invest more than $500 billion in the United States over the next four years, including plans to hire 20,000 people and build a new server factory in TexasABC News - Feb. 24
More from The Hill
-
46 percent of voters see no clear winner from Trump-Zelensky meeting: Poll
Forty six percent of American voters said that neither the U.S. nor Ukraine walked away as a winner from last week’s tumultuous meeting between President Trump and Ukrainian President Volodymyr ...The Hill - 39m -
GOP rep introduces measure putting Trump face on $100 bill
First-term GOP Rep. Brandon Gill (Texas) has introduced a measure that would require all $100 bills to have President Trump’s face on them. The legislation, titled the Golden Age Act of 2025, ...The Hill - 44m -
LA Times to give op-eds AI-generated political rating, list of alternate views
The Los Angeles Times has launched an AI-driven "bias meter" to provide readers with alternative perspectives on opinion content.The Hill - 53m -
Trump: 25 percent tariffs on Canada and Mexico will go into effect Tuesday
President Trump said Monday that the 25 percent tariffs on Canada and Mexico will officially go into effect Tuesday, announcing there is no room for dealmaking to delay them again. “The tariffs, ...The Hill - 1h -
Tuberville: Zelensky 'not even in the game' on Ukraine war talks
Sen. Tommy Tuberville (R-Ala.), a staunch supporter of President Trump’s, said Russia and the United States will ultimately determine the fate of the war in Ukraine, saying the war-torn democracy’s ...The Hill - 1h
More in Politics
-
What does the Department of Education do?
President Trump and Linda McMahon, his choice for secretary of education, have vowed to dismantle the Department of Education. NBC News' Zinhle Essamauh looks at the department's history, mission ...NBC News - 27m -
46 percent of voters see no clear winner from Trump-Zelensky meeting: Poll
Forty six percent of American voters said that neither the U.S. nor Ukraine walked away as a winner from last week’s tumultuous meeting between President Trump and Ukrainian President Volodymyr ...The Hill - 39m -
GOP rep introduces measure putting Trump face on $100 bill
First-term GOP Rep. Brandon Gill (Texas) has introduced a measure that would require all $100 bills to have President Trump’s face on them. The legislation, titled the Golden Age Act of 2025, ...The Hill - 44m -
LA Times to give op-eds AI-generated political rating, list of alternate views
The Los Angeles Times has launched an AI-driven "bias meter" to provide readers with alternative perspectives on opinion content.The Hill - 53m -
Trump: 25 percent tariffs on Canada and Mexico will go into effect Tuesday
President Trump said Monday that the 25 percent tariffs on Canada and Mexico will officially go into effect Tuesday, announcing there is no room for dealmaking to delay them again. “The tariffs, ...The Hill - 1h