Taiwan Semiconductor Manufacturing Company (TSMC) plans to invest $100 billion to build chip manufacturing plants in the U.S., President Trump announced Monday.
The multibillion-dollar investment, first reported by The Wall Street Journal, will stretch out over the next four years.
“This will create hundreds of billions of dollars in economic activity and boost America’s dominance and artificial intelligence and beyond,” Trump said. “Semiconductors are the backbone of the 21st century economy, and really, without the semiconductors, there is no economy, 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 American skill and American labor, and that’s exactly what we’re doing,” he continued.
The president was joined at the White House by TSMC CEO C.C. Wei, Commerce Secretary Howard Lutnick and crypto and AI czar David Sacks.
“Back in 2020, thanks to President Trump’s vision and support, we embarked on our journey of establishing advanced chip manufacturing in the United States,” a TSMC spokesperson said in a statement ahead of the announcement.
“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,” they continued.
TSMC has invested more than $65 billion into constructing a series of fabs in Arizona, which were first announced in 2020. The first of three fabs began production in the fourth quarter of last year.
The semiconductor giant’s announcement is the latest in a series of commitments from major technology companies. Apple unveiled plans last week to invest $500 billion and hire 20,000 people in the U.S. over a four-year period.
In early January, Trump announced that Emirati billionaire Hussain Sajwani intended to invest $20 billion to build data centers in the U.S.
The announcement came just weeks after then president-elect Trump unveiled a $100 billion commitment from the Japanese company SoftBank to invest in artificial intelligence (AI) and other emerging technologies in the U.S.
Lutnick on Monday touted Trump’s increasingly strict tariff policies for bringing in new investments.
“They’re coming here in huge size because they want to be in the greatest market in the world, and they want to avoid the tariffs that if they’re not here, they’d have to suffer,” the Commerce secretary said.
“I want to congratulate C.C. Wei for bringing in this incredible $100 billion investment, but it’s on the shoulders of our president, Donald Trump, which is why he’s coming,” he continued.
Updated at 3:25 p.m. EST
