Taiwan Semiconductor Manufacturing Co. (TSMC) plans to invest $100 billion in chip-manufacturing plants in the US over four years, according to sources familiar with the plan. The investment aims to build cutting-edge facilities and advance a long-held US goal of regrowing the domestic semiconductor industry.
The move follows decades of manufacturing moving to Asian countries, such as Taiwan, China, and South Korea. TSMC’s expansion would mark a significant step towards increasing the country’s chip production capabilities. The plan is expected to be announced by President Trump later this week, according to insiders.
Source: https://www.wsj.com/tech/trump-chip-maker-tsmc-expected-to-announce-100-billion-investment-in-u-s-02a44399