Chipmaking giant Taiwan Semiconductor Manufacturing Company has announced plans to invest at least $100 billion in expanding its United States manufacturing operations. The announcement was made by President Donald Trump at the White House, with the firm's CEO C.C. Wei, Commerce Secretary Howard Lutnick, and White House AI and Crypto Czar David Sacks in attendance.
The investment is part of a larger initiative by Trump to encourage investments in American manufacturing. The funds will be used to build five advanced chipmaking facilities in Arizona, which is expected to create thousands of jobs.
TSMC, the world's largest semiconductor manufacturer, plays a crucial role in powering various tech products such as iPhones, AI systems, cars, and medical devices. The move to expand its manufacturing capacity in the US is seen as a strategic decision to enhance economic and national security, as well as to diversify away from chipmaking in Taiwan.
This latest investment builds on TSMC's existing efforts to establish a presence in the United States, with two Arizona factories already in progress. One of these factories has already started producing chips for Apple since January. With this new investment, TSMC's total investments in the US are estimated to reach around $165 billion.
Notably, TSMC is not the only tech company making significant investments in the United States. Apple recently announced a $500 billion investment plan to expand its facilities and projects across the country over the next four years. Additionally, Oracle, OpenAI, and SoftBank have joined forces to create a new company called Stargate, which aims to invest $500 billion in growing artificial intelligence infrastructure in the US.
