Taiwan Semiconductor Manufacturing Company (TSMC) plans to invest at least $100 billion to expand its US manufacturing operations, according to a statement made by President Donald Trump from the White House on Monday. The investment will contribute to building three advanced chipmaking fabrication plants, two packaging facilities, and a research and development center.
The move aims to create tens of thousands of jobs and strengthen TSMC’s presence in the US market. With this investment, TSMC’s total US investments will reach around $165 billion. The company already has one fabrication plant in Arizona and is building two others in the state.
TSMC is the world’s largest semiconductor manufacturer, powering tech products such as iPhones, AI systems, cars, and medical devices. The announcement comes amid a push by Trump to encourage investments in American manufacturing, with the goal of gaining a larger foothold in the global chipmaking industry and staying ahead of China in the AI race.
The investment is expected to support the production of chips for AI progress and smartphones. TSMC’s new facilities will be part of a new technology supply chain centered in the US. Nvidia has expressed its commitment to utilizing TSMC’s manufacturing network to enhance its supply agility and resilience.
This investment follows similar announcements by other tech companies, including Apple and Oracle, which have pledged billions of dollars to expand their US operations. The move is seen as an effort to promote American manufacturing and reduce reliance on foreign chipmakers.
Source: https://edition.cnn.com/2025/03/03/tech/tsmc-trump-meeting-chipmaking-investment/index.html