Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest semiconductor manufacturer, plans to invest at least $100 billion to expand its U.S. manufacturing operations, President Donald Trump announced at the White House. The investment will fund two additional advanced chipmaking facilities in Arizona, adding to three already planned, and is expected to create tens of thousands of jobs. This brings TSMC’s total U.S. investments to approximately $165 billion.
Trump emphasized the move as critical for both economic and national security, helping TSMC diversify away from Taiwan. TSMC’s chips are integral to tech products like iPhones, AI systems, cars, and medical devices. The announcement aligns with U.S. efforts to strengthen its position in the global chipmaking industry and compete with China in AI development.
TSMC CEO C.C. Wei thanked major clients such as Apple, Nvidia, AMD, and Qualcomm during the event. An Nvidia spokesperson highlighted that TSMC’s new U.S. facilities would form the foundation of a new technology supply chain. The investment is part of a broader trend of tech companies committing significant funds to the U.S., including Apple’s $500 billion pledge and a $500 billion AI infrastructure project by Oracle, OpenAI, and SoftBank.
TSMC’s U.S. expansion began in 2020 with a $12 billion Arizona factory, gaining momentum under President Joe Biden’s CHIPS and Science Act. However, past announcements of large-scale investments, such as Foxconn’s $10 billion Wisconsin plant, have seen mixed results.
— news from CNN