Taiwanese chipmaker TSMC has committed to investing $100 billion in the United States.
“Today, Taiwan Semiconductor is announcing that they will be investing at least $100 billion in new capital in the United States over the next short period of time to build state-of-the-art semiconductor manufacturing facilities,” President Donald Trump said. “I think mostly it’s going to be in Arizona which is what I understand, which is a great state.”
“The most powerful AI chips in the world will be made right here in America, and it will be a big percentage of the chips made by his company,” Trump stated. “This $100 billion in new investment will go into building five cutting-edge fabrication facilities in the great state that we just discussed, Arizona, and will create thousands of jobs – many thousands of jobs and high-paying jobs. In total, today’s announcement brings Taiwan Semiconductor’s investments to about $165 billion.”
“Semiconductors are the backbone of the 21st century economy. And really, without the semiconductors, there is no economy,” he added. “Powering everything from AI to automobiles to advanced manufacturing, we must be able to build the chips and semiconductors that we need right here in American factories with Americans’ skill and American labor.”
The move follows Apple announcing its plan to invest $500 billion in the U.S. during Trump’s second term. The company’s pledge “builds on Apple’s long history of investing in American innovation and advanced high-skilled manufacturing, and will support a wide range of initiatives that focus on artificial intelligence, silicon engineering, and skills development for students and workers across the country,” a news release says.
