Trump announces Taiwanese chip giant’s $100bn investment in US plants
President says TSMC won’t have to pay tariffs and encourages other semiconductor companies to build in US
Chips giant, the Taiwan Semiconductor Manufacturing Co (TSMC), will boost its US investment by $100bn, building new five new “cutting edge” fabrication plants on American soil, Donald Trump has announced alongside the company’s chief executive.
Trump said the investment means TSMC, which supplies the vast majority of the world’s most advanced semiconductors, will avoid the tariffs he has publicly mulled imposing on the global industry, as he seeks to bring more manufacturing to the US and assert US trade dominance over both rivals and allies.
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