Trump to tout $100 billion investment from Taiwan chipmaker – Washington Examiner
President Donald Trump is preparing to announce a major investment exceeding $100 billion from Taiwan Semiconductor Manufacturing Company (TSMC), as confirmed by a White House official. The announcement is scheduled for Monday afternoon in the Roosevelt Room, during a meeting with TSMC’s CEO, C. C. Wei. This investment is expected to enhance the U.S. semiconductor industry by establishing new chipmaking facilities in the country, aimed at countering china’s dominance in the sector.
Previously, TSMC had unveiled plans for a chip factory in Arizona and received a $6.6 billion subsidy under President Biden’s governance. The company announced an increase in its planned investment to $65 billion last year, though it remains unclear if the new $100 billion commitment is part of that or an entirely new investment.
The initiative comes alongside broader efforts to bolster the American tech sector,which Trump has emphasized by touting other meaningful investments,including a $500 billion commitment towards artificial intelligence infrastructure. Additionally,Apple has recently pledged a $500 billion investment in the U.S. economy through factories and related infrastructure.
Trump to tout $100 billion investment from Taiwan chipmaker
President Donald Trump is set to announce an investment of more than $100 billion from Taiwan Semiconductor Manufacturing, a Taiwan chipmaker, a White House official confirmed to the Washington Examiner.
Trump will announce the investment, which will occur over the next four years, in the Roosevelt Room on Monday afternoon. C. C. Wei, CEO of TSMC, is expected to meet with the president.
TSMC, the world’s largest chipmaker, will build chipmaking facilities in the United States, a move that will help Trump grow the U.S.’s domestic semiconductor industry and challenge China and the wider Asian nations’ dominance.
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“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,” TSMC said in a statement to the Wall Street Journal, which first reported the news.
The company previously announced it would build a chip factory in Arizona in 2020 before expanding to two more factories. Under former President Joe Biden’s administration, TSMC was granted a $6.6 billion government subsidy for semiconductor production in Phoenix, Arizona.
Last year, the company agreed to increase its planned investment to $65 billion. It’s not clear if the $100 billion is in addition to the $65 billion or is separate.
The 2022 CHIPS Act set aside billions of dollars in funding for domestic chip manufacturing, although Trump slammed the legislation on the campaign trail last year.
The president has also threatened to impose tariffs on the semiconductor industry.
The TSMC investment follows several other investments that Trump has touted. In January, Trump announced a private sector investment of at least $500 billion in artificial intelligence infrastructure that would create over 100,000 U.S. jobs through Stargate, a jointly owned venture between OpenAI, SoftBank, and Oracle.
Trump also announced an investment of $600 billion over the next four years from Saudi Arabia during a virtual address at the World Economic Forum in Davos, Switzerland, in January.
Last month, Apple announced a $500 billion investment in the U.S. through infrastructure, factories, and other facilities.
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