
Taiwan Semiconductor Manufacturing (NYSE: TSM) is making a massive investment in the United States. This move may be the biggest economic success for the Trump administration so far. The semiconductor company plans to invest another $100 billion in the country, home to many of its key customers like NVIDIA (NASDAQ: NVDA) and Apple (NASDAQ: AAPL).
Most economic analysis surrounding Trump’s tariff policies has been negative. This isn’t unwarranted, given that tariffs mean higher prices. TSMC's big investment shows that tariff threats can be useful, especially for strong economies like the United States.