The Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to announce plans alongside former President Donald Trump to invest $100 billion in U.S. chip manufacturing over the next four years. This move aims to bolster domestic production of cutting-edge chips, a goal shared by both Democratic and Republican administrations after decades of manufacturing shifting to Asia. The investment is characterized as “net new investment,” though it remains unclear whether it is entirely new funding or includes previously announced investments of $65 billion in factories in Arizona. TSMC, the world’s leading semiconductor manufacturer, has historically concentrated its most advanced chip production in Taiwan, raising concerns among U.S. leaders about economic and security vulnerabilities. Trump had previously proposed tariffs on semiconductor chips made outside the U.S., which would impact TSMC. The company’s chairman and CEO, C.C. Wei, joined Trump at the White House for the announcement. TSMC emphasized its commitment to innovation and growth in the semiconductor industry while exploring ways to strengthen the technology sector. The Biden administration also supported TSMC’s expansion in the U.S., contributing $6.6 billion through the Chips and Science Act to fund new facilities in Arizona. These investments are projected to create 20,000 construction jobs and 6,000 high-tech positions, alongside workforce training initiatives. — news from The Washington Post
