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Fortune

Marco Quiroz-Gutierrez

The Biden administration gave TSMC billions to build its semiconductors in the U.S., but Trump says he threatened 100% tariffs and got the company to double down

Donald Trump Joe Biden TSMC Semiconductor United States

(Credit: Samuel Corum—Sipa/Bloomberg/Getty Images)

President Trump said during an event Tuesday that chipmaker TSMC had pledged an additional $100 billion to build semiconductors in the U.S. after he threatened the company with tariffs of up to 100%. The company had already pledged $65 billion to make chips in the U.S. and received a $6.6 billion subsidy under the Biden administration that Trump has criticized.

Chipmaker TSMC promised to make more semiconductors in the U.S. thanks in part to Biden-era incentives, but Trump says the company doubled down after he threatened it with 100% tariffs.

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